Some Democrats See Tax Overhaul as a Path to Taxing Carbon – The New York Times
Article Synopsis – With a sweeping overhaul of the tax code on the horizon, two Senate Democrats believe this is the moment to broach the third rail of climate change policy: a carbon tax. The senators propose to use a portion of the estimated $2.1 trillion they anticipate in carbon tax revenue over the first 10 years to reduce the top marginal corporate tax income rate from 35 percent to 29 percent, something the White House has called for. The rest of the revenue would come back to taxpayers in an annual inflation-adjusted refundable tax credit. Money would also be devoted to veterans and to coal country for job training programs. To read the actual article click here.