Carbon Tax a Better Idea

The new U.S. Congress plans to consider levying a carbon tax that its backers say will prompt polluters to cut greenhouse gas emissions. Rep. John Larson, plans to introduce a carbon tax legislation next year in the hopes that it will gain more support with a Democratically controlled Congress and White House. Larson introduced a carbon tax bill in 2007 that failed to generate enough support. Compared with carbon cap-and-trade, a more popular concept to curb emissions, a carbon tax would be simpler to implement and generate revenues sooner, argued Larson, who was recently elected the chair of the House Democratic Caucus.

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