GOP Tax Writers Skeptical Of Industry Carbon Tax Plan But Back 'Innovation'

Republicans on the House tax-writing committee are expressing significant skepticism over an industry-backed carbon tax plan that supporters say would be coupled with regulatory “streamlining,” arguing that any policy to address climate change should rely on “innovation” to improve cutting-edge, low-carbon technologies. Lawmakers must “find ways to make clean energy more affordable . . . not drive up traditional energy costs for families and businesses,” said Rep. Kevin Brady (R-TX), the ranking Republican on the House Ways & Means Committee,...