Think Tank Sees Senate Barrier To Carbon Tax That Curbs EPA Rules

Senators could approve a carbon tax under streamlined budget reconciliation procedures, but it is not clear it can do so with language that would limit EPA’s regulatory authority for greenhouse gases, a condition that many industry supporters have attached to any carbon tax plan, according to a new paper from a free-market think tank. Carbon tax proposals that seek to make regulatory changes “are not well suited for passage through reconciliation because they do not involve changes in spending and...