A plan by former Republican officials to tax carbon dioxide emissions is similar to one considered by former Secretary of State Hillary Clinton before she launched her presidential bid. She opted not to support a carbon tax after polling showed it would be “lethal in the general” election.
Old-Guard Republicans — including former Secretary of State James Baker, former Treasury Secretary Henry Paulson and former cabinet official George Shultz — met with White House officials to pitch a carbon tax-and-dividend plan to President Donald Trump.
The Republicans’ plan would reduce environmental regulations in exchange for a gradually increasing carbon tax, the revenues of which would be given back to Americans to offset higher costs of living and build support for fighting global warming.
Their plan is similar to one considered by the Clinton campaign in 2015 of imposing a greenhouse gas emissions “fee,” or carbon tax…
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