"The Sanders-Boxer bill would impose a $20 per ton tax on carbon or methane equivalent, rising 5.6 percent each year for 10 years, on the nation's largest fossil fuel producers. Imported fossil fuels from countries that do not impose a similar tax would also pay.Why should Republicans support this? "'The Environmental Protection Agency is poised to go down that path,' Morris said. 'Those who have an aversion to regulation should take heed. If you want a market-based solution, do it now.'"
The tax would raise an estimated $1.2 trillion over a decade and reduce greenhouse gas emissions 20 percent from 2005 levels. Three-fifths of the tax would be rebated to "every legal U.S. resident," which might make it more politically feasible than if it went to the government."