Grassley criticizes carbon border tax proposal

Sen. Chuck Grassley (R-IA) is questioning what “advantage” a carbon border tax, as proposed by two Democratic lawmakers earlier this week, would offer when the U.S. does not have a domestic carbon tax. Sen. Chris Coons (D-DE) and Rep. Scott Peters (D-CA) on July 19 introduced legislation to create a carbon border adjustment duty on carbon-intensive imports. The measure comes shortly after the European Union proposed its own carbon border adjustment mechanism (CBAM) earlier this month. The Coons-Peters plan would...