Hill: Two Senate Democrats sponsored a bill Wednesday to institute an economy-wide tax on carbon dioxide emissions, revenue that would be returned through rebates and tax cuts.
Sens. Sheldon Whitehouse (D-R.I.) and Brian Schatz (D-Hawaii) pitched their proposal at an event hosted by the conservative American Enterprise Institute, saying that their bill aligns with conservative economic principles and Republicans should support it.
The tax would be charged at $45 per ton of carbon dioxide or equivalent...