Carbon Tax proposed to Congressional Committee

Green Is Money

Three proposals listed in the House Ways & Means Committee report on tax reform call for a carbon tax: Center for American Progress (CAP) plan calls for a price on greenhouse gas emissions (CO2), an oil import fee of $5/barrel and elimination of US tax breaks for fossil fuels. and The Economic Policy Institute (EPI) calls for a tax on carbon at its source, an increase in motor fuel excise tax and elimination of tax preferences for fossil fuel production. The Roosevelt Institute Campus Network Budget for a Millennial America plan calls for an upstream carbon tax starting at $23/T and increasing 5.6% per year.

http://www.gpo.gov/fdsys/pkg/CPRT-113JPRT80634/pdf/CPRT-113JPRT80634.pdf

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