Dodd gets serious on warming
A Washington Post editorial praises Senator Christopher Dodd (D-CT) for his plan to combat global warming, which is described in some detail on his presidential campaign Web site.
He proposes a carbon tax on corporations - a bold move by any presidential candidate - that would accumulate $50 billion in tax revenue a year. This money would be used to fund renewable energy and efficiency projects. Said Dodd:
You cannot be serious about acting on the urgent threat of global warming, about making us less captive to Middle East oil, or investing in renewable energy, unless you have a corporate carbon tax that eliminates the last incentive there is to pollute -- that it's cheaper.
He also plans to have all cars sold in the U.S. get 50 MPG by 2017.
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