Carbon tax offers opportunity

Is there a way to address climate change, reduce corporate tax rates and help all Americans without hurting th

The pope has spoken on climate change ("At UN, Pope beseeches world leaders to protect environment," Sept. 25). Can our elected leaders chart a political path to solve the problem?

After talking individually with the offices of 175 members of Congress, our organization believes there is a centrist approach that can earn bipartisan cooperation. We should put the free market to work by creating a carbon fee to reduce emissions. To make it pro-growth, use half the revenue from that fee to drop the corporate tax rate, the highest in the industrial world, from 35 to 25 percent. Most of the other revenue could go to low- and middle-income Americans to protect them from slightly higher energy prices. Encourage global adoption with a border tax adjustment.

Pricing carbon works. British Columbia passed a revenue-neutral carbon fee and reduced emissions while growing faster than any other province in Canada.

William C. Eacho, Washington, D.C.

The writer is co-founder of Partnership for Responsible Growth.

Copyright © 2018, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad
64°