Jeff Flake, one of the most libertarian-leaning Republicans in Congress, is pressing a good idea: "Republican lawmakers back carbon tax (yes, that's right)." It would involve cutting payroll taxes simultaneously.
Before long, we may be seeing a political confrontation between legislators who want to reduce carbon emissions as efficiently as possible with a carbon tax, and those who want to reward their political contributors as efficiently as possible with a cap-and-trade system.
