Senate Democrats are reportedly considering a renewed push to institute a carbon tax as a means of paying for the mammoth $3.5 trillion budget bill they are attempting to move through Congress.
The alleged efforts come as Arizona Sen. Kyrsten Sinema bucks her party’s support for corporate tax increases; Sinema has also signaled an opposition to the $3.5 trillion price tag of the budget bill.
Oregon Sen. Ron Wyden this week “confirmed that the Senate majority leader had asked him to craft legislation that would put a price on carbon emissions,” the New York Times reported.
Long hailed as an untapped source of federal revenue, a carbon tax is also seen as a potential tool for fighting what advocates say are dangerous levels of climate change that may occur both presently and in the near future.
This article was originally published by Just the News. Read the original article.
JusttheNews.com is committed to just reporting facts from journalists with a long record of public trust and excellence. In an era where opinion and supposition are too often substituted for fact and where journalists rush to get things first and hope their stories are correct, JusttheNews.com tries to stand out by returning to the bedrock promise of getting news first, but first getting it right. We try to deliver exclusive news you can trust.