Carbon tax suddenly part of 'fiscal cliff' debate
WASHINGTON — A potential tax on big polluters, a taboo subject in the United States in recent years, has come back into the spotlight as some sense potential for a revenue windfall at a time lawmakers look for ways to the so-called "fiscal cliff" of tax rises and spending cuts due in early 2013. Only on NBCNews. com The aftermath of Superstorm Sandy, which devastated parts of the U.S. East Coast last week, has raised fresh questions about the links between climate change and extreme weather events, which also makes the idea of a carbon tax more appealing. A carbon tax is a mechanism to charge emitters of greenhouse gases, such as power plants and oil refiners, for each ton of carbon dioxide they emit.
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carbon tax extreme weather events Congressional Research Service carbon dioxide carbon emissions budget deficit climate change greenhouse gases United States power plants report recent taboo touting policymakers the report cliff taxes a decade pollution Superstorm fresh debt weather Coast questions how high Research the spotlightCarbon tax suddenly part of 'fiscal cliff' debate
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Organization: Congressional Research Service
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A potential tax on big polluters, a taboo subject in the United States in recent years, has come back into the spotlight as some sense potential for a revenue windfall at a time lawmakers look for ways to the so-called "fiscal cliff" of tax rises and spending cuts due in early 2013.
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Carbon tax suddenly part of 'fiscal cliff' debate
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