A New Value-Added Carbon Tax Would Face High Hurdles

BENZINGA | on Tue, Apr 4, 2:53 PM

Solar stocks[1] popped Tuesday on news[2] that the Trump administration was considering a value-added carbon tax[3] to increase federal revenue. But Axiom Capital's Gordon Johnson told Benzinga the chance of Congress passing a tax is less than 5 percent. Raymond James analyst Pavel Molchanov added that he was surprised by the serious thought afforded the tax. "I remember back in February when Jim Baker and a group of other Republican carbon tax supporters came to the White House, but I have t...

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