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Whitehouse, Schatz float new carbon tax bill - $54 per ton starting in 2023

Sens. Sheldon Whitehouse (D-R.I.) and Brian Schatz (D-Hawaii) yesterday introduced a new carbon pricing bill they say could generate some $2.4 trillion in revenue over 10 years, a potentially appealing selling point amid congressional debate on an infrastructure bill. The "Save Our Future Act" would put a $54-per-ton fee on carbon emissions starting in 2023, with the price rising 6% over inflation each year. The Utility Workers Union of America and several environmental groups also signaled their support. "This creative, inclusive policy shows that carbon pricing can be a win for the climate and a win for Americans who need one the most," said Mark Reynolds, executive director of Citizens' Climate Lobby, said in a statement.

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