THE HILL
 
comment
Print

Rep. Upton: 'I'm not a carbon tax guy'

By Zack Colman and Ben Geman - 11/13/12 08:56 PM ET

House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) threw cold water Tuesday on supporting a carbon tax, hours after a Treasury Department official said the administration could consider the idea if Republicans lead the effort.

A tax on greenhouse gas emissions has won increased attentoin in recent weeks as a way to combat climate change and simultaneously raise revenues.

But Upton (R-Mich.) said Tuesday he is “not a carbon tax guy.”

The administration said last week it would not propose a carbon tax. But Gilbert E. Metcalf, Treasury’s deputy assistant secretary for energy and environment, reiterated that position Tuesday, opened the door to discussing carbon taxes in fiscal talks if Republicans initiated the push.

Upton comments Tuesday underscore how unlikely that scenario is as talks about avoiding the "fiscal cliff" unfold. Asked if he would accept a carbon tax along with a tax cut elsewhere, Upton said, "I don’t like the idea."

But Rep. Henry Waxman (D-Calif.), the top Democrat on the Energy and Commerce Committee, said a carbon tax has the potential to win wider support.

“There is a growing sense that this might be a lot easier way to raise revenue than some of the other alternatives that we have been facing over the last couple of years,” he said, noting support among some GOP economists and other Republicans, including Reagan-era Secretary of State George Shultz.

He called it a way to raise revenues and help address the danger of climate change. “It seems to me that both problems could be solved together,” Waxman said.


Source:
http://thehill.com/blogs/e2-wire/e2-wire/267753-upton-im-not-a-carbon-tax-guy

More Videos »

E2-Wire Twitter - Click to follow
More From The Web
bloglogo

More Briefing Room »

More Congress Blog »

More Pundits Blog »

More Twitter Room »

More Hillicon Valley »

More E2-Wire (Energy) »

More Ballot Box »

More On The Money »

More Healthwatch »

More Floor Action »

More Transportation »

More DEFCON Hill »

More Global Affairs »

More In The Know »

More RegWatch »

Get latest news from The Hill direct to your inbox, RSS reader and mobile devices.