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.