May 13, 2009

THEY EVEN HAVE THE SALES PITCH RIGHT:

Republican lawmakers back carbon tax (yes, that's right) (James Rosen, 5/13/09, McClatchy Newspapers)

Reps. Bob Inglis of South Carolina and Jeff Flake of Arizona on Wednesday became the first Republican lawmakers to introduce legislation imposing a carbon tax on producers and distributors of fossil fuels.

The bill, co-sponsored by Democratic Rep. Dan Lipinski of Illinois, would set a tax of $15 a ton of carbon dioxide produced in its first year in effect, with the tax rising to $100 a ton over three decades.

"The first axiom of economics is if you want less of something, you tax it," said Flake, a leading fiscal conservative, in an interview. "Obviously, we want less carbon, so we tax it."

Inglis noted that several prominent conservatives support a direct carbon tax: Arthur Laffer, a former economic adviser to President Ronald Reagan, and Gregory Mankiw, who advised President George W. Bush and is now a Harvard University economics professor.

Posted by Orrin Judd at May 13, 2009 8:23 PM
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