Goracle: Avoid Fiscal Cliff by Tackling Pretend Climate Cliff (Video)
The Hill reported:
Former Vice President Al Gore called for a carbon tax to be part of the “fiscal cliff” negotiations in the lame-duck session of Congress.
Gore, a longtime supporter of the tax, said the extra revenue could be used to lower tax rates.
“It will be difficult for sure but we can back away from the fiscal cliff and the climate cliff at the same time,” Gore said in an interview with The Guardian. “One way is with a carbon tax.”
Carbon tax proposals have gained increased attention in recent weeks as a way to battle climate change and, depending on how it’s structured, help curb the deficit. The idea remains a political longshot, but the buzz heightened this week when anti-tax advocate Grover Norquist, the president of Americans for Tax Reform, told National Journal a carbon tax would not violate his pledge if it were offset with other rate reductions.