Carlos Curbelo Intros Carbon Tax Bill to Address Climate Change
Congressman Carlos Curbelo (R-FL), Co-Chair and Co-Founder of the House Climate Solutions Caucus, on Monday introduced the Market Choice Act to reduce carbon emission levels and fund infrastructure. The bill would replace the federal gas tax with a price on carbon -- $24 per ton with an annual increase of 2% plus inflation -- to encourage the market to find the most efficient ways to reduce carbon pollution. He says the revenue from the legislation would then fund current infrastructure repair and provide a surplus of roughly $11 billion per year that could be invested in modernizing and upgrading America’s infrastructure, and additionally provide more than 100,000 jobs per year. According to an analysis by Columbia University, Curbelo’s proposal could reduce carbon emissions by 27–32% in net greenhouse gas emissions levels by 2025, and 30–40% by 2030. “I remind my conservative colleagues who often decry our nation’s growing debt: saddling young Americans with a crushing environmental debt – meaning an unhealthy planet where life is less viable – is at least as immoral as leaving behind an unsustainable fiscal debt,” Curbelo said. “While I think alarmists contribute little to the advancement of this cause, I do believe the time to act is now.” More here.