2020 field ignores Hillary Clinton campaign memo noting carbon taxes hit poor households hard
Top 2020 Democrats said that they support the implementation of a carbon tax while participating in a CNN town hall Wednesday night.
CNN’s Anderson Cooper: “Would you support a carbon tax? Some other candidates say they would.”
Joe Biden: “Yeah, no, I would.“
CNN’s Chris Cuomo: “Yes to a carbon tax?”
Elizabeth Warren: “Yes.“
CNN’s Wolf Blitzer: “Do you support a carbon tax, and how much should it be?“
Andrew Yang: “I do support a carbon tax.“
Pete Buttigieg: “It’s one of the reasons why I’ve proposed that we assess a carbon tax.“
Amy Klobuchar: “First of all, putting a price on carbon.“
Elizabeth Warren also said: “I think that we need a climate adjustment fee on products that are imported to the United States.“
Earlier in the day, Kamala Harris also endorsed a carbon tax, as reported by the LA Times.
At the CNN event, Harris was asked about the carbon tax: “How do you make sure that [companies] don’t do what they will try to do, which is immediately pass that on to consumers?”
In her reply, Harris said: “That should never be the reason not to actually put a fee, in particular, a carbon fee.“
A carbon tax would impose burdens on households due to higher costs of cooling and heating, transportation, and groceries.
Even Hillary Clinton decided against a carbon tax after an internal Clinton report determined the following:
The Hillary memo states the cost of the carbon tax will be passed on to consumers: “While oil, natural gas, and coal companies would be responsible for paying the fee, they would likely pass a significant share of the associated cost on to their customers.”
The Hillary memo states that a carbon tax would have a disproportionate impact on low-income households: “As with the increase in energy costs, the increase in the cost of nonenergy goods and services would disproportionately impact low-income households.”
The Hillary memo states that a carbon tax would cause gas prices to increase 40 cents a gallon and residential electricity prices to increase 12% – 21%: “In our analysis, for example, a $42/ton GHG fee increases gasoline prices by roughly 40 cents per gallon on average between 2020 and 2030 and residential electricity prices by 2.6 cents per kWh, 12% and 21% above levels projected in the EIA’s 2014 Annual Energy Outlook respectively.
The Hillary memo states a carbon tax would cause household energy bills to go up significantly: “Average household energy costs would increase by roughly $480 per year, or 10% relative to the levels projected in EIA’s 2014 Outlook.”
The Hillary memo states that a carbon tax would increase the cost of household goods and services: “The cost of other household goods and services would increase as well as companies pass forward the higher energy costs paid to produce those goods and services on to consumers.”
Carbon taxes are highly unpopular with voters. In fact, carbon tax advocates can’t even get a carbon tax passed in a single blue state, as this timeline shows.
Carbon taxes also saddle state and local governments with huge costs. For example, a school district in Calgary was forced to kick 400 kids off the school bus program in order to pay a $3.3 million carbon tax bill.
It’s no wonder conservative groups wrote a letter to Congress Stating: “We oppose any carbon tax.”