Morris, Sloane, and their cheerleaders envision an economy-wide tax on carbon pollution, no exemptions, with 100 percent of the revenues returned to citizens in quarterly rebate checks that will dwarf any rise in energy prices, similar to Canadian policy. The tax will begin at $50 a ton but be tied to emissions reductions, so it increases if emissions goals are not met. It will also include a border adjustment tariff to link carbon policy globally.
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