Bipartisan Support for Carbon Tax

Bob Inglis, Former Republican Congressman from South Carolina, and Art Laffer, formerly an economic adviser to President Reagan are promoting a revenue neutral tax swap. Through the Energy and Enterprise Initiative, they are calling for an end to subsidies on all fuels, attachment of full  accountability including health, productivity and environmental costs to all fuels, and revenue neutrality. They see this as a campaign to unleash the power of free enterprise to deliver the fuels of the future and to mitigate the risks of a changing climate.

George Shultz, Secretary of State for President Reagan, has expressed confidence that conservatives will support a carbon tax, because all forms of energy should bear their full costs, and not make society bear the burden of their side effects. . He is leading a group studying  threats to national security and how our energy use affects the climate.

Shultz enjoys driving an electric car powered on sunlight from the solar panels on his house that have long since paid for themselves. In an interview,  he quips, “Take that, Ahmadinejad.” He says, “It’s not a matter of opinion, it’s a matter of fact that the globe warming. That’s why we should be looking at ways to lessen our dependence on oil at all.” “I have three great-grandchildren, and I have to do what I can to see they have a decent future. If we let this go on and on.. they’re not going to have one. “

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