Down to the wire...Is this for real?
White House-Backed Carbon Tax in Sight for Biden’s Climate Bill
"The White House and at least 49 senators support a proposal to impose an almost $20 per-ton fee on carbon as part of President Joe Biden’s climate-and-spending legislation, U.S. Senator Sheldon Whitehouse said Saturday.
Under the initiative, the cost on carbon dioxide emissions would start at less than $20 per ton and increase over time, with revenue possibly rebated back to some consumers or dedicated to help fossil fuel workers amid the transition to clean energy, Whitehouse said on the sidelines of the COP26 climate conference in Scotland on Saturday."
“We have 49 out of 50 votes” from Democrats in the Senate, the Democrat from Rhode Island said. If the Senate passes it, “the House has assured us they will also pass it, and the White House has assured us the president will sign it into law.”
Some of the money could be devoted to helping coal miners and other workers who could be displaced by the U.S. shift to clean energy.
“A price on carbon is clearly where we need to head,” said Senator Michael Bennet of Colorado. “One of the great virtues of that is you can use the proceeds of that to help with this transition.”
How far we've come! But hold the champagne.