George W. Bushs Treasury Secretary Hank Paulson gave the same message earlier this year, saying, A tax on carbon emissions will unleash a wave of innovation to develop technologies, lower the costs of clean energy and create jobs as we and other nations develop new energy products and infrastructure.
Republicans must not shrink from this issue, he continued. Risk management is a conservative principle.
Hank Paulson is not alone. Conservative figures like George Shultz, Secretary of State under President Reagan, emphatically support a carbon fee as the best way to address carbon pollution.
Art Laffer, one of the architects of President Reagans economic plan, had this to say about a carbon tax and related payroll tax cut: I think that would be very good for the economy and as an adjunct, it would reduce also carbon emissions into the environment.
In a 2013 New York Times op-ed, four former Republican EPA AdministratorsBill Ruckelshaus, Christine Todd Whitman, Lee Thomas, and William Reillywrote, A market-based approach, like a carbon tax, would be the best path to reducing greenhouse-gas emissions. I ask unanimous consent that their op-ed be entered into the Record.
I know the big carbon polluters want this issue ignored. They want to squeeze one more quarter, one more year of subsidy from the rest of us. Lunch is good when someone else picks up the check.
But I still believe this is a problem we can solve. Mr./Madam President, not long ago, this would have been a bipartisan bill. Not long ago, leading Republican voices agreed with Democrats that the dangers of climate change were real. Leading Republican voices agreed that carbon emissions were the culprit. And leading Republican voices agreed that Congress had the responsibility to act.
One Republican senator won his partys nomination for president on a solid climate change platform. A number of our Republican colleagues in the Senate introduced, cosponsored, or voted for climate legislation in the past. Some of the proposals were market-based, revenue-neutral tools, aligned with Republican free-market values.
The junior Senator from Arizona, a Republican, was an original cosponsor of a carbon fee bill when he served in the House of Representatives. That proposal, introduced with former Republican Congressman Bob Inglis, would have placed a $15-per-ton fee on carbon pollution in 2010, more than $20 in 2015, and $100 in 2040. At the time, our colleague from Arizona had this to say: If there is one economic axiom, its that if you want less of something, then you tax it. . . . Clearly its in our interest to move away from carbon.
We simply need conscientious Republicans and Democrats to work together, in good faith, on a platform of fact and common sense. We know it can be done, because its been done.