Carbon emissions cap is among the creative ways to pay for government spending
Among the more creative ways the White House plans to pay for its spending is a carbon emissions cap that the President says will produce $150 billion. The money would finance renewable energy projects and pay for middle-class tax credits. President Obama’s budget blueprint is a nearly $4 trillion plan that includes major spending and major deficits as the government tries to combat the severe recession. Joining us this morning to discuss this plan to cap and spend is New York Times Reporter John Broder who has been covering this story.
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