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Thx to @Tim_L_Meyer for his thoughtful & honest response to my critique of @ChrisCoons & @RepScottPeters carbon border adjustment bill. Genuine debate is what US America needs & allows me to elaborate on why the C/P bill - & Tim - are wrong on law, politics & policy. A 🧵
First, and fundamentally, the professor and I disagree on the target of my critique. The core problem w the C/P bill isn’t the lack of a US carbon tax or a cap & trade scheme (an explicit price for carbon). The problem w the proposed policy is that it...
1⃣would only coincidentally – if at all - mitigate carbon leakage & CC
2⃣would tax the US economy w/o effectively combating carbon leakage, render it less competitive, and eventually decrease net employment
2⃣would tax the US economy w/o effectively combating carbon leakage, render it less competitive, and eventually decrease net employment
