Old-Guard Republicans to Push Carbon Tax at White House Meeting
Paulson, who served as Treasury secretary under President George W. Bush, previously has advocated a carbon tax through his eponymous think tank, the Paulson Institute. Baker, who served as secretary of state and Treasury secretary under two Republican administrations, as well as former Secretary of State George Shultz, Wal-Mart Stores Inc. founder Rob Walton and Sequoia Capital Operations LLC partner Thomas Stephenson, among others. Economic advisers to former presidents George H.W. Bush and Ronald Reagan also are involved in the effort.
"Climate change poses an unacceptable risk to our climate and to our economy," Paulson said in a statement. "Putting a price on carbon is by far the most efficient and effective way to restrict emissions."
Baker himself conceded he remains "somewhat of a skeptic about the extent to which man is responsible for climate change" but the "risks are too great to ignore."
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Former Republican presidential candidate Mitt Romney described the proposal in a tweet as a "thought-provoking plan from highly respected conservatives to both strengthen the economy and confront climate risks."
when has a TAX ever strengthened anything