To start: I'd love a $20/t carbon price from Congress. That said: given current political stalemate on the Hill, what political impasse does it solve that brings us closer to passage of Build Back Better? Honest question.
Manchin seems to want to minimize contraction of coal sector. Any meaningful price that hits power sector ($10/t or more?) could decimate coal. So it exempts power sector?
Both Manchin and Sinema seem to want a smaller package thats fully paid for. But a carbon tax used for general revenue would violate POTUS pledge not to raise taxes on the working class. So how does that square? Tax and dividend doesn't raise net revenues for other programs.
I just don't see it...
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