Tuesday, October 26, 2021 | 2 a.m
Regarding the October 19 Associated Press article “Biden’s climate plan in danger, Democrats rush to strike deal”: Loss of Clean Energy Performance Plan (CEPP) is not the end of policy measures aiming to achieve our goal of 50% CO2 reduction by 2030.
CEPP was only one of many climate policies discussed in Washington. In fact, one of the strongest policy measures on Capitol Hill right now is a carbon tax with a dividend going to every American household.
Economists argue that a carbon tax is one of the most efficient ways out of fossil fuels. Add a dividend to the American people and it’s the perfect market-based approach that would add strength to a transition that’s already happening. By further pushing the market to drive innovation in green technologies and ensuring that small businesses, low- and middle-income families do not bear the financial burden of the transition, not only will we meet our climate goals, but We will build a resilient national economy capable of meeting the challenges of staying competitive in a global landscape increasingly dominated by China.
Contact Senator Catherine Cortez Masto, who sits on the Senate Finance Committee, to support a dividend-paying carbon tax in the budget reconciliation package. Congress must include strong and effective climate legislation in this package. This solution has bipartisan support and is as strong as it gets.