If Democrats retake Congress in November, a national carbon tax is likely to be part of their agenda. A referendum in Washington state next month is a test of public support. Two years ago nearly 60% of Washington voters rejected a ballot initiative to impose a “revenue neutral” carbon tax. Green groups opposed the referendum because it wouldn’t generate money for environmental largess. Businesses said it would destroy jobs and increase energy prices, which is true.

Source: Wall Street Journal October 21, 2018 21:56 UTC