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It’s Not the Tax, It’s the EPA.
by Ben Geman (Axios-Axios Generate) Axios' Amy Harder asked an administration official about the prospects of a carbon tax, given that it has been rumored as a possible policy the White House could embrace. The official said the biggest reason it won't fly is because Democrats and environmental groups won't support eliminating EPA carbon regulations in exchange for a carbon tax.
"We know we wouldn't get what we needed," the official said. "We're not going to get EPA preemption."
Some fossil-fuel companies have indicated they could support a carbon tax if all EPA regulations related to climate change were eliminated. That trade has long been considered a non-starter with most Democrats and environmental groups. It still is.
Our Thought Bubble:
Even if some congressional Republicans were to publicly support a carbon tax — a big if — this EPA issue would still be a sticking point. Former President Barack Obama had said for years EPA climate regulations should have been the stick to prod Congress to act on climate legislation. Now, it's the logjam preventing any climate compromise.
- "We could spend time coming up with this grand compromise and then start working with the Hill and it would all collapse" over the EPA issue, the administration official said. "We wouldn't waste our time on it." READ MORE