Democrats to introduce bill to impose tax on imports from countries without climate laws
The Hindu
Two influential Democratic lawmakers are proposing to introduce bicameral legislation to impose a tax on imports from countries like China and many others who are not taking significant steps to addre
Two influential Democratic lawmakers are proposing to introduce bicameral legislation to impose a tax on imports from countries like China and many others who are not taking significant steps to address the challenge posed by climate change. The FAIR Transition and Competition Act of 2021, which is also sponsored by Senator Chris Coons and Congressman Scott Peters, proposes to establish a border carbon adjustment (BCA) on polluting imports. It will establish a border carbon adjustment on carbon-intensive imports to account for the cost incurred by U.S. businesses to comply with laws and regulations limiting greenhouse gas emissions.
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