By Michael Bastasch, DCNF
South Carolina Republican Sen. Lindsey Graham said he was working with a Democratic colleague on legislation to put a “price on carbon” dioxide emissions to fight global warming.
“I’m a Republican. I believe that the greenhouse effect is real, that CO2 emissions generated by man is creating our greenhouse gas effect that traps heat, and the planet is warming,” Graham told an audience at a Yale University event hosted by former Secretary of State John Kerry on Tuesday.
“A price on carbon—that’s the way to go in my view,” Graham said, according to Time.
Graham is working with Rhode Island Democratic Sen. Sheldon Whitehouse on carbon tax legislation, making him one of the few Republicans — possibly the only in the Senate — to explicitly endorse a carbon tax. Graham also worked with Democrats on cap-and-trade legislation in 2010.
Carbon tax legislation is still unlikely to pass the Republican-controlled Congress, but activists will no doubt see Graham’s endorsement as a big win.
Sen. Whitehouse introduced carbon tax legislation with Democratic Hawaii Sen. Brian Schatz in July to tax emissions at $49 per ton in 2018. The rising tax is expected to raise $2.1 trillion over 10 years, they said, which would be used to lower corporate taxes and pay for more tax credits.
Whitehouse and Schatz both said they were in talks on carbon tax legislation with several Republican lawmakers in both chambers of Congress.
Graham is apparently one of those pro-carbon tax Republicans. There are also 28 Republican lawmakers on the House Climate Solutions Caucus that have so far been silent on a carbon tax but could possibly be convinced to support such a policy.
“We are in multiple productive conversations with Republicans in both chambers,” Schatz said at an event held at the conservative American Enterprise Institute (AEI).
Republicans passed a party platform in 2016 that opposed global warming taxes. President Donald Trump also came out against a carbon tax on the campaign trail. Conservative groups oppose the tax largely on grounds that it would grow the government and raise energy prices.
Graham is bucking his party on the issue, joining a small group of former GOP officials who have endorsed a carbon tax.
Arizona Republican Sen. John McCain also spoke at Kerry’s event, but he did not explicitly endorse a carbon tax, Time reported.
Most Republicans do not support taxing carbon dioxide. The tax would raise energy prices, and therefore, the price of most goods Americans buy everyday. Hillary Clinton’s presidential campaign didn’t propose a carbon tax, in part, because higher energy costs didn’t poll well.
Earlier this year, a group of former GOP officials with the Climate Leadership Council (CLC) met with White House officials to push their own carbon tax plan — one that looks very similar to one Clinton toyed with.
CLC’s proposed a “gradually rising and revenue-neutral carbon tax,” starting at $40 per ton, which would pay out “dividend payments to all Americans, funded by 100% of the revenue.” CLC hopes a carbon tax could be part of some broader deal to cut corporate tax rates and reduce regulations.
CLC is a strategic partner with the World Resources Institute (WRI), an environmental group, and is funded by major oil companies, including BP, ExxonMobil, Total and Royal Dutch Shell.
Follow Michael on Facebook and Twitter.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact email@example.com.
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- Biden: Musk’s foreign ties are ‘worth being looked at’ after ‘joint acquisition’ of Twitter with ‘other countries’ - November 10, 2022
- With Republicans poised to take back the House, a key opportunity to reverse Dems’ insanity emerges - November 9, 2022
- Elon Musk offloads nearly $4 billion in Tesla stock as shares continue to tank - November 9, 2022
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.