Not so fast. Coal state democrats and wall street democrats are agin' it. It's a tax they say.
This sounds familiar. "No new taxes", yeah that's it, the old talking point. So how do you get the money and retain support from no new taxers? Subsidy diversion.
Take from the oil and coal companies, give to consumers, Robin Hood style. Pretty simple really. Fossil, nuclear, and agribizz energy sectors get well over 50 billion per year in subsidies, actually it is corporate welfare.
Take that away and put it into tax breaks for families and renewable energy subsidies. No new taxes,and it's revenue and debt neutral. Any costs passed on to consumers by power companies is offset by tax cuts funded by the subsidy diversion
Carbon priced, without trading of GHG indulgencies by hedge fund scammers. No new taxes, no no no. Hehey.