Here’s a solution for the rising price of gas:
Let’s cut the pollution from fossil fuels quickly and efficiently with national legislation that puts a rising price on carbon and returns dividends to all U.S. residents. The Energy Innovation and Dividend Act could accomplish that. A regular dividend check to everyone would pay for any increase in the price of gas. In fact, if you cut your carbon footprint, you will have extra to spend. It will be good for the economy and lower the price for alternative energy. More people, (especially companies that use lots of coal and oil today) will be more willing to move away from fossil fuels.
This plan could be put in place quickly and is a reliable, popular way to incentivize a move to alternative energy and products. This idea is supported by 3,554 U.S. economists, including our new Treasury Secretary and former Fed Chair Janet Yellen.