Proposed Foreign Pollution Fee Act
A fee on imports of certain industrial and manufacturing goods would increase as the difference in embodied pollution widens between a foreign country's products and U.S. counterparts.
LPDD Recommendation: “Congress should consider adopting a carbon tax that begins at $25 per metric ton, increases over time based on rising damage from climate change, and the revenues from which are spent for some combination of economic efficiency, income redistribution, and climate policy purposes.”