Democrats Are Eyeing A Climate Border Tax. But What Is It?
Congress is back in session – and that means all eyes are on the Democrats’ $3.5 trillion-dollar reconciliation package.
But Senate Majority Leader Chuck Schumer says either way – they’re moving full steam ahead.
Committees are hard at work determining what will make it into the final package – including a carbon border tax.
Democratic lawmakers say they could raise as much as $16 billion dollars a year by taxing China and other countries that aren’t working to reduce their greenhouse gas emissions.
It’s a climate change solution that’s already well on its way to being implemented across the pond. We’ll get the latest on efforts to implement a carbon border adjustment mechanism (CBAM) in both Europe and the United States.
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