As R Street writes, the progressive climate plan is heavy on symbols and burdens.
- The newly released Democrat climate proposal is a massive virtue signal.
- Instead of promoting pragmatic policy proposals, the plan relies on mandates and subsidies that hinder economic and environmental prosperity.
- Instead the plan should focus on regulatory reform and sound investments.
“The plan aims for prosperity that is prepared to meet the challenges of climate change. But the tools selected, such as mandates and subsidy programs, reduce economic productivity. This would fuel an expensive subsidy war when federal coffers can least support it. Mounting costs, public debt, and private investment in political favorites have minimal effects and will also not leave future generations better off.”
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