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.
The story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!