The White House Is Blowing Smoke on a Carbon Tax

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The Washington Post reports:

President Trump’s administration is exploring the creation of two controversial new taxes — a value-added tax and a carbon tax — as part of a broad overhaul of the tax code, according to an administration official and one other person briefed on the process.

Sure they are. This sounds more like a strategic leak to demonstrate “seriousness” on Trump’s part than anything that’s really under consideration. Just give it a moment’s thought:

  • Republicans hate both VATs and carbon taxes. Hate hate hate.
  • A package that included top marginal rate cuts, corporate cuts, plus a VAT and/or a carbon tax to make it revenue neutral, would be almost comically regressive. Democrats would hate it even if the carbon tax were for real.

There’s zero chance that anything like this could make it through Congress. The “administration official” peddling this is just blowing smoke.

UPDATE: Well, this little run up the flagpole didn’t last long:

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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