Support for Carbon Tax Growing in US Senate

Photo Credit: Daily Caller

Montana Democrat Sen. Max Baucus, chairman of the Senate Finance Committee, announced that interest in a carbon tax is “creeping up” and that “everything is on the table.”

“There are more members of the Senate now who openly talk about that than I have experienced. It is creeping up a little bit. Is that going to rise to the level of where it is a very strong, serious provision? I don’t know. But I am not going to pre-judge it,” Baucus said at a Christian Science Monitor event…

Next month, the Senate Environment and Public Works Committee will take up carbon tax legislation introduced by California Democratic Sen. Barbara Boxer and Vermont independent Sen. Bernie Sanders. Their bill would put a gradually rising tax on carbon dioxide emissions to help fund green energy projects.

Democrats have been selling the carbon tax to conservatives as a way to address global warming and reduce the deficit. According to the CBO, the Boxer-Sanders bill would raise $1.2 trillion over the next decade and 60 percent of that revenue would be used to offset higher energy bills…

[Critics see it differently:] “It’s not just energy prices that would skyrocket from a carbon tax. The cost of nearly everything built in America would go up,” said Louisiana Republican Sen. David Vitter. “Let’s not lose sight of how big of a dud cap and trade was in 2009, or as it came to be known, cap and tax. This is really no different.”

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