A Republican icon puts his weight behind a tax on CO2 emissions

Former Secretary of State George Shultz is preparing to promote a carbon tax, putting him in the company of a small cluster of Republican statesmen who are embracing efforts to reduce greenhouse gases that their party has rejected. Shultz, who spent nearly seven years in President Reagan’s Cabinet, says a carbon tax that returns its revenue to taxpayers and public programs could eventually be accepted by the Republican Party, despite its current hostile outlook on measures that reduce emissions. [ read more … ]