More Comedy Gold! College Republicans Want To Advance DOE Baker-Shultz Climate Plan

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On Wednesday, a coalition of 34 student groups from around the country—including 23 chapters of the College Republicans—announced the formation of Students for Carbon Dividends, a bipartisan group calling for national legislation to fight climate change.

Specifically, they’ve endorsed the Baker-Shultz plan, a proposal to impose an expensive new tax on carbon pollution while slashing Environmental Protection Agency regulations. That plan gets its name from the two GOP graybeards—James Baker III and George Shultz, both former secretaries of state—who first advanced it last February. It marks the first time that a coalition of College Republican groups has publicly backed a climate-change policy.

Ed. - And it only took 30 years from the moment the issue really became a public issue!!

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The Baker-Shultz plan has four major components. First, it creates a new $40 tax on every ton of carbon dioxide emitted into the atmosphere, which comes to about an extra 36 cents per gallon of gasoline. It also creates a new “border carbon” tax, raising the prices of imported goods from countries that do not impose a carbon tax themselves. Instead of pocketing the money from those two policies, the plan calls for the government to redistribute it as a monthly check to every American. A family of four would find itself with an extra $2,000 every year, they estimate. (Baker and Shultz claim that their plan should be called a carbon dividend, not a carbon tax, because of these rebates.)

Resources for the Future, an independent economics think tank, estimates that a $40 revenue-neutral carbon tax would prevent 16.8 billion metric tons of carbon pollution. The Climate Leadership Council, which backs the Baker-Shultz plan, believes that the policy would more than fulfill the U.S. commitment under the Paris Agreement. In return for these concessions to environmentalism, the Baker-Shultz promises a “significant regulatory rollback.” The proposal calls for a full repeal of the Clean Power Plan and a general restriction on the EPA’s ability to regulate carbon-dioxide emissions.

Ed. - Of course!



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https://www.theatlantic.com/science/archive/2018/02/college-republicans-carbon-climate-change-plan/554465/