Gregg Sherrill on carbon pricing

Gregg Sherrill discusses how a carbon fuel fee would work and how it would affect American companies’ bottom lines.He is executive chairman of Tenneco, an $8.6 billion global manufacturing company and immediate past chair of the National Association of Manufacturers.

If Congress and the White House want to reform the tax code without increasing the deficit, we will need additional revenue to offset cuts to the corporate rate. One possible solution is a fee on carbon. Proponents say a fee on carbon fuels would generate $1 to $2 trillion over a decade, allow for substantial deregulation, and provide a market-based solution to reduce the leading cause of climate change.

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