November 15, 2012
The idea of taxing carbon emissions to address climate change is once again in the air in Washington. But it could prove no more popular this time than it did in 2009 when President Obama tried to get a climate-change bill through Congress, and failed.
Seth Borenstein at The AP has written a nice scene-setter, which refers to recent reports on the subject (but doesn't link to them!) and surveys the political landscape. (Ouch; the mixed metaphors are mine, not Borenstein's.) To get a sense of the depth of feeling on this issue, note that Borenstein reports that the Competitive Enterprise Institute filed a lawsuit Tuesday seeking access to Treasury Department emails on the subject.
Before you place your bets for or against a carbon tax, read Borenstein.