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In this AEI Events Podcast, AEI’s Aparna Mathur hosts Senators Brian Schatz (D-HI) and Sheldon Whitehouse (D-RI), who present their carbon tax proposal. They discuss what their plan would entail and comment on the importance and controversy surrounding their proposal.
Following the senators’ remarks, a panel of experts discusses the possible costs and benefits of a carbon tax proposal. Veronique de Rugy (Mercatus Center) argues that the potential benefits of a carbon tax policy are complicated and minimized by the drawbacks. George Frampton (Partnership for Responsible Growth) believes that the only solution will entail bipartisan compromise. Myron Ebell (Competitive Enterprise Institute) states that a carbon tax is “all pain and no gain” due to the loss of revenue. Adele Morris (Brookings Institution) argued that the proposal is an efficient and comprehensive plan.