Conservatives get ready to battle a GOP carbon tax bill
“There are a couple of elements in the Curbelo bill that are very positive and that Republicans should like,” said Josiah Neeley, the energy policy director of the R Street Institute, a free-market think tank. “One is the tax swap idea, that if you put in a carbon tax, you can use that to replace revenue from other taxes. This is a standard part of the GOP tax playbook going back to 1986, with the Reagan tax bill, and to last year’s tax cuts.”
“The pause or suspension of EPA’s regulatory authority is appealing,” Neeley said. “That may not seem like a pressing thing right now because Trump is not pursuing climate change regulations, but over time, that authority will come back into play, and being able to get out from under that is a real positive.”
Neeley hopes Republicans can appreciate the benefits of Curbelo’s bill, although his expectations remain modest.
“The support for this idea is still low for Republicans, but the growth trajectory is in the right direction,” he said.