In a recent speech, Senator Chuck Schumer (D-N.Y.) said he hopes for a Carbon tax if Hillary Clinton becomes President in 2016. In particular, he believes Republicans should “compromise” and agree to this tax:
“There’s one sort of [value-added tax] Democrats might be for — and that’s a carbon tax. So you might get a compromise along those lines.”
President Obama has considered implementing a carbon tax on several occasions during his presidency, however the idea has been met with fierce opposition.
His comments on the carbon tax as a way to address “revenue shortages” mirrors the rhetoric of “revenue enhancements” coming from the Hillary Clinton presidential campaign. Earlier this month, Clinton’s press secretary announced in a tweet that Clinton will be proposing several “revenue enhancements,” or tax increases over the summer and fall.