Carbon tax revisited

Something is going to happen about climate change. Just what and when is unknown.

This week, a bipartisan bill was introduced in Congress. The prospects that it will be passed are not good, but this is the first bipartisan carbon tax bill in ten years to be considered. The bill will probably be introduced again next year in the House of Representatives.

This comes on the heels of the defeat of I-1631 in Washington. That, too, was a carbon tax proposal. Much was wrong with it. In many important regards it was just too vague and too open to abuse.

The big carbon emitters, of course, were against...