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Mike Lee

The Grand Republican Strategy: We Win, You Pay

The Grand Republican Strategy: We Win, You Pay

On a recent trip to London, I got into a conversation with a wealthy oil and gas investor about climate change. He didn’t disagree we need to shift from fossil fuels to renewable energy, he said. His job is to make sure the lights in our homes still turn on while we make the transition. Fair enough, I said. Would you support a carbon tax or a cap-and-trade program to speed up the transition? “Sure,” he said, to my surprise, without hesitation. “As long as the revenue is spent on new technologies, and not given away to poor people.” Ah. There’s always a catch. At first, I thought it was a strange caveat, especially since we’d just got done...

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