Carbon Tax vs. Cap-and-Trade System

[President Punxsutawney Phil]

I support a carbon tax that taxes big polluters while giving most (all but 35%) of the proceeds to people who pollute less.  The 35% goes to a fund that helps pay for efforts to reduce pollution - increased tax credits for renewable energy, a new tax credit that rewards the building of energy-efficient housing, perhaps even a new coast-to-coast high-speed rail that would link with Amtrak (if feasible).