Final Thoughts
August 12, 2021
Final Thoughts
Written by John Packard
Memorize these words, “carbon border adjustment tax,” as they are being mentioned in the Senate Budget Committee, which is working on the $3.5 trillion reconciliation package the Senate advanced on Wednesday. The idea proposed would “account for the cost incurred by U.S. businesses to comply with laws and regulations limiting greenhouse gas emissions,” based on a fact sheet issued by Senator Coon’s office.
According to World Trade Online, “Coons’ bill runs parallel to the European carbon tax proposal. European officials have said they aim to have a carbon border adjustment in place by 2023.”
