President Obama joins the Pigou Club*
FEBRUARY 5, 2016
Brad Plumer: It's the last year of President Obama's presidency. That's one way to read this new idea Obama's putting forward: He's suggesting that Congress slap a $10-per-barrel tax on oil, phased in over five years, in order to fund $300 billion worth of investments in "clean transportation" over the next decade. He doesn't have to stand for reelection. Congress isn't going to pass any of his proposals anyway. So he may as well dream big.