I do not know the details of the proposal. Essentially businesses will be taxed according to their carbon output. Its primary goals are 1.Generate massive amounts of new tax revenue for the government so socialization and incumbent empowering spending can continue without generating the backlash associated with an increase in income taxes, 2. Destroy the American Economy so our standard of living will be permanently lowered in relation to the rest of the world thus lessening the great injustice of inequality that continually keeps progressives like Obama up fretting and ringing their hands late into the night. As an added benefit corporations that have played along with the game and provided support to progressives while positioning themselves to cash in will probably reap large rewards. Don't expect any significant effect on world temperatures.

Weedwacker
Indiana Predator Central

Some scientists claim that hydrogen, because it is so plentiful, is the basic building block of the universe. I dispute that. I say there is more stupidity than hydrogen, and that is the basic building block of the universe.

Frank Zappa