Rep. Pete Stark introduces H.B. 3242, Save Our Climate Act

California Democratic House member, Pete Stark, has introduced a bill that seeks to place a price on carbon — $10 added each year per ton of carbon product that will be burned and emit carbon dioxide. That fee is applied until CO2 drops to 20% of the 1990 level. An estimated $2.6 trillion would be raised in a decade, of which $490 million would be applied to deficit reduction. There are border adjustments to keep American businesses competitive internationally. We now need to see Republicans jump in to support this bill and get our country back to prosperity and cleaner air.