As president, Chris Dodd would enact Corporate Carbon Tax
Chris Dodd is the first presidential candidate to support a carbon tax. David Roberts at Grist read through Dodd's energy speech from yesterday and found a firm stand on not only expanding a cap and trade bill but enacting a corporate carbon tax.
"An America that taxes the big polluters will have less pollution, more innovation and more freedom. It's that simple," said Dodd.
Dodd believes a corporate carbon tax would generate about $50 billion annually and be used to help solve energy problems and bring new technology to market.
Roberts doesn't give Dodd much of a chance since the money won't be refunded to consumers. He won't win the automakers' support, either, by proposing a 50mpg fuel economy standard. Right now he stands arguably as the greenest candidate running from either party.
[Source: David Roberts / Grist]
Reader Comments (Page 1 of 1)
Howard Lee Harkness 3:51PM (4/20/2007)
Presidents do not enact taxes in this country. Only the legislature is empowered to do that.
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Don 4:58PM (4/20/2007)
Well, duh...but he's just talking about getting a tax implemented.
And he's not even President yet, anyway.
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MikeW 5:31PM (4/20/2007)
But CO2 isn't a pollutant.
The 'supreme' court is wrong. They said separate was equal at one time.
Plenty of president have issued 'executive orders' which are not legal [outside of ordering more paper clips], because the president isn't part of the legislative branch.
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