"A group of House lawmakers last night floated the first bipartisan carbon tax bill in nearly a decade, a move that boosters are calling a big step for climate policy heading into the next Congress.
The "Energy Innovation and Carbon Dividend Act" would put a $15-per-metric-ton fee on carbon, rising by $10 per year, with all of the money given back to households as a rebate.
A co-chair of the Climate Solutions Caucus, Rep. Ted Deutch (D-Fla.), is the lead sponsor of the bill, joined by Reps. Francis Rooney (R-Fla.), John Delaney (D-Md.), Brian Fitzpatrick (R-Pa.) and Charlie Crist (D-Fla.).
The bill isn't likely to pass in this Congress, but the co-sponsors say it would reduce U.S. carbon emissions by a third in only a decade and 90 percent by 2050, all compared with 2015 levels."
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