Sen. Whitehouse Proposes Carbon Tax to raise $2 trillion: Bill will create a ‘carbon pollution fee’ – Money could be applied to ‘relieving student debt, increasing Social Security benefits’
Sen Whitehouse touts his 'carbon pollution fee': 'It would generate significant new revenue for the federal government, perhaps as much as a two trillion dollars in the first decade. He pointed to some of the positive uses that money could be applied to, including cutting taxes, relieving student debt, increasing Social Security benefits and providing transition assistance to workers in fossil fuel industries. 'It’s win-win-win,' he said. 'We can use this revenue to do big things; repair a marketplace failure; and guide the economy toward lower emissions, enhanced productivity and a sustainable future.'"