(Wall Street Journal, sub. req'd)
President Barack Obama, in one of his rare press conferences, was asked Wednesday if Congress has the political will to pass a carbon tax to deal with climate change. The idea of a carbon tax has been gaining steady momentum, at least among academics and policy wonks.
Mr. Obama recited some first-term accomplishments, but acknowledged that “we haven’t done enough” to deal with climate change and stressed the country’s “obligation” to deal with the issue lest it burden future generations.
Environmentalists hoping that Mr. Obama would make climate change a signature issue in his second term, much as he did with health care in the first term, are going to have to put the champagne back on ice.