A group of Republican senior statesmen is pushing for a carbon tax to combat the effects of climate change and hoping to sell the plan to the White House.
Former Secretary of State James A. Baker is leading the effort, which also includes former Secretary of State George Shultz. In an opinion piece published Tuesday night in the Wall Street Journal, they argued that “there is mounting evidence of problems with the atmosphere that are growing too compelling to ignore.”The group will meet Wednesday with White House officials, including Vice President Mike Pence, senior advisor Jared Kushner and Gary Cohn, director of the National Economic Council. Ivanka Trump, the president’s daughter and Kushner’s wife, is also expected to attend, according to a person familiar with the plans who was not authorized to discuss the meeting publicly.
Carbon taxes are designed to raise the cost of fossil fuels to bring down consumption. Baker and Shultz detailed in the opinion piece their plan for a gradually increasing carbon tax, with dividends being returned to consumers, as well as border adjustments for the carbon content of exports and imports and the rollback of regulations.