Would a national price on carbon emissions, designed to reduce the U.S.’ contribution to global warming, damage the country’s economy? Answers to this question have been emphatically partisan in Washington D.C. where, at various times over the past two decades, Democratic and Republican lawmakers have spent considerable political capital promoting, or attempting to kill, carbon price legislation.
In 2019 carbon pricing has arisen from the ashes with Democrats’ return to control in the House of Representatives, and today at least six plans to implement a carbon tax or fee are under consideration on Capitol Hill. New research takes a look at what the most popular of these proposals would in fact mean in terms of climate benefits, impact on the nation’s energy industry and, most crucially for national debate, Americans’ wallets and the economy.
