Democrats Propose Tax on Carbon-Intensive Imports in Budget
- Plan would slap tariff on some carbon-intensive goods
- ‘Polluter import fee’ would help pay for spending bill
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Senate Democrats are moving to impose tariffs on carbon-intensive imports as a way to help pay for their tax-and-spending legislation, according to a person familiar with the plan.
The measure is included in a $3.5 trillion budget blueprint developed by Senate Democrats as a way to advance major Biden administration policy initiatives, including addressing climate change, expanding Medicare and reforming immigration.