Cory Booker: “But we know we see businesses now that are internalizing profits and externalizing costs. I see this in New Jersey. We…”

“But we know we see businesses now that are internalizing profits and externalizing costs. I see this in New Jersey. We are cleaning up the Passaic River, and it is costing taxpayer dollars. When we hear complaints about high taxes, it is going to this kind of stuff--cleaning up the Passaic River because corporations and businesses are dumping pollutants in there and do not internalize the cost. They said: Some future generation is going to pay for it. We are that future generation. So getting back to this--because I love the free market--I want people who externalize the cost to internalize it. If you are polluting the air and hurting the planet, you need to pay for that. A market-based approach like carbon tax would be the best path to reducing greenhouse gas emissions, but that is unachievable in the current political gridlock in Washington. Dealing with this political reality, President Obama's June Climate Action Plan lays out achievable actions that would deliver real progress. This is amazing to me. Four Republicans who served under Republican Presidents as heads of the EPA are saying President Obama's June Climate Action Plan lays out achievable actions that would deliver real progress. The President also plans to use his regulatory power to limit the powerful warming chemicals called hydrofluorocarbons. People understandably don't like overregulation, but the reality is that if this is being released as pollutants into the air, we should be doing something about it.”