House GOP’s Cramer floats interest in a carbon tax
Eli Lehrer, president of the free market-focused R Street Institute, said Cramer could be proposing a constructive alternative that could be the basis to repeal and replace U.S. EPA’s Clean Power Plan. “I’m, to say the least, not wild about clean coal, but certainly it would be important to look at what that means and what it involves,” Lehrer said. “The fact that somebody is stepping forward means that it behooves me and anyone else who’s been skeptical of it to take a second look.” Lehrer maintains that a carbon tax should be revenue-neutral and pre-empt EPA rules. But, he said, “Republicans ultimately will need to govern, and some sort of CO2 [regulation] in the medium term is inevitable.”
