Former Fed Leaders, Economists Rally Around Carbon Tax

An all-star roster of former Federal Reserve leaders and White House economic advisers are signing on to a new statement in support of a carbon tax on businesses that sends the revenue to U.S. citizens.

Former Fed chair Alan Greenspan and former Council of Economic Advisers chief Austan Goolsbee are among dozens of economists now backing a set of principles pushed by a group called the Climate Leadership Council. They join other peers including former Fed chairs Ben Bernanke and Janet Yellen who have already backed the group.

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