% of emissions covered | 25% (only power generation) | Up to 100% | 80% (excludes farms and military) |
Incentivizes energy conservation? | No-designed to keep utility rates unchanged | Yes | Yes |
Incentivizes innovation across entire economy? | No | Yes | Yes |
Incentivizes currently unknown technology? | No | Yes | Yes |
Reduces emissions efficiently? | No | Yes | Yes |
Picks low-hanging fruit first? | No | Yes | Yes |
CO2 emission reduction | Moderate | High | High |
Reduces health damage from fossil fuels? | Some | More | More |
Net cost to average household | Zero (contingent on undecided funding) | Significant after a few years of increases | Zero (all revenue rebated to households monthly) |
Protects fossil fuel jobs? | Not if it succeeds in reducing emissions | No | No |
Will WTO permit border carbon adjustment to protect US industrial jobs and push carbon price around the world? | No | Yes | Yes |
Percentage of revenues rebated to households | Few or no revenues; no rebate | Up to 100% | 100% |
Effect on budget deficit | Significantly increases (especially including renewable producer subsidies) | Significantly reduces | Zero (revenue neutral) |
Job creation: inventors, engineers, factory workers, construction workers, and entrepreneurs | Moderate | High | High |
Administrative complexity | High | Extremely low | Very low |
Vulnerable to gaming, political influence, and fraud? | Yes | No | No |
Treats each emitter differently? | Yes | No | No |
Subject to legal challenges? | Yes | No | No |
Subject to attack by executive branch? | Yes | No | No |
Job creation: lobbyists, lawyers, consultants, and accountants | High | Close to zero | Close to zero |
Bill written? | No | No | Yes |
Length of bill | Not written | Less than 37 pages | 37 pages |
Cosponsors | Bill not written | Bill not written | 81 in House |
Must expire in 10 years to satisfy reconciliation? | Yes | No | No |