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Parnassus above the Swamp

Democrats and the Carbon Tax

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Amid the widespread vandalism in Washington over the last month – committed about equally by the White House and the Republican Congress – the carbon tax initiative propounded last week by a small group of centrist Republicans stands like Parnassus above a swamp. George Shultz and James Baker III (secretaries of state to Ronald Reagan and George H.W. Bush, respectively) billed their proposal as a “conservative” response to climate change, presumably because it calls for returning the proceeds of $40-per-ton carbon tax to citizens in the form of quarterly “dividends,” rather than turning over its enormous new revenues to the