Sat Nov 17, 2012, 02:53 PM
alp227 (29,161 posts)
Van Jones: To end the fiscal showdown, tax carbon
Editor's note: Van Jones, a CNN contributor, is president and founder of Rebuild the Dream, an online platform for political innovation focused on policy, economics and media. He was President Obama's green jobs adviser in 2009. He is also founder of Green for All, a national organization working to build a green economy strong enough to lift people out of poverty. Phaedra Ellis-Lamkins is the CEO of Green for All.
(CNN) -- At his official post-election press conference, President Obama told reporters that he's serious about fighting climate change while creating jobs. "We can shape an agenda that says we can create jobs, advance growth and make a serious dent in climate change and be an international leader," he said, "I think that's something that the American people would support."
We have just the answer. It's not a new idea, but as the two parties face off over the federal budget, it could be the path forward. There's a tool we can use to answer the public's call for more jobs -- without cuts to Medicare, Medicaid and Social Security: a carbon tax.
One analysis by the Congressional Budget Office says a moderate, $20-per-ton tax on carbon emissions could raise $1.25 trillion over 10 years. And the savings don't stop there. For decades, the oil and coal industries have passed along their costs to the rest of us, in the form of asthma treatment, emergency room visits, doctor bills and missed days of school and work. Combined with droughts, wildfires, hurricanes and severe weather events like Superstorm Sandy, rising levels of carbon in the atmosphere cost our nation an estimated $70 billion each year.
That's real money. And unlike cutting Medicare and Social Security, a carbon tax is a political winner. A large and growing super-majority of Americans -- 70% -- believe climate change is a real problem. A Yale University national survey found overwhelming majorities in favor of bold action like a carbon tax. Even the far-right American Enterprise Institute has been willing to talk about the benefits of a carbon tax, and anti-tax activist Grover Norquist has flirted with the idea.
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