If you do tax it more, you will have lower economic growth over time.
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The numbers always win. You can't escape them. And currently, we are in a place where we have got time, but it takes political will and discipline.
We are entering into a much broader discussion. It is right in front of us now with what is happening over in the House in terms of debt limit.
What we need to do is use our own oil and natural gas resources.
America's air has been getting steadily cleaner.
I am against a carbon tax because it is regressive. It hurts poor people the most.
You can't run any enterprise like we are currently running it.
I think a price signal will lead to innovations.
I certainly think if we don't have smart policy that addresses the issue domestically, other countries are less likely to act.
The heaviest lifting would have to be done through spending if you want to get to a balanced budget.
My Carbon Pricing Bill was priced out at about $2 trillion over 10 years.
If you do tax it more, you will have lower economic growth over time.
We just don't have an economy that will give us more revenue.
Running $2 trillion deficits, the Trump tax cuts, which by the way were getting close to paying for themselves pre-COVID, that is chump change, $150 billion per year.
So, in 2019 we spent about 4.5 trillion. 2020 we did the CARES Act, and that was bipartisan.
Sooner or later things like your sovereign currency are at risk.
I think if we still have a Budget Committee, we ought to use it through regular order to at least put something out there.
You don't have the printing press in the basement, and you do not have a credit card that is automatically renewable.