Democrats weigh carbon tax after Manchin rejects key climate provision

A carbon tax, in which polluting industries would pay a fee for every ton of carbon dioxide they emit, is seen by economists as the most effective way to cut the fossil fuel emissions that are heating the planet.

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The almost certain demise of the clean electricity program at the heart of Mr. Biden’s agenda — which comes as scientists say forceful policies are needed to avert climate change’s most devastating impacts — has prompted outrage among many Democrats and has led several to say now is the moment for a carbon tax…

But a carbon tax can be politically explosive. Industries could pass along their higher costs, leaving President Biden and fellow Democrats vulnerable to claims that they are raising taxes on the middle class, at a moment when inflation and energy prices are rising. Environmental justice advocates say a carbon tax permits companies to continue polluting, albeit at a higher cost, which disproportionately harms low-income communities. And it is unclear if Mr. Manchin, whose vote is crucial to Mr. Biden’s legislative agenda, would support a carbon tax.

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