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Administration Open to Carbon Tax if GOP Takes Lead, Treasury Official Says

Nov 14, 2012
(The Hill)

A senior Treasury Department official said Tuesday that the Obama administration could back carbon taxes as part of a wider fiscal reform deal, but with a big caveat: Republicans would have to show that they want to play ball.

"If this is going to be an issue that is part of discussions, there will have to be some interest shown by Republicans if we are going to make any progress," Gilbert E. Metcalf, the Treasury Department's deputy assistant secretary for environment and energy, told reporters.

"The administration has not proposed a carbon tax nor is it planning to, but if there is, as part of fiscal reform discussions, there are a lot of pieces on the table, and if Republicans see this as a viable piece, then it could be part of the mix," he said.