The White House's carbon tax meeting

A group of former senior U.S. officials from past Republican administrations have called for a tax on carbon emissions to help fight climate change, per the Financial Times. The group — known as the Climate Leadership Council — is led by James Baker, former secretary of state for George H.W. Bush and Treasury secretary for Ronald Reagan; George P. Schultz, former secretary of state under Reagan; and Henry Paulson, former Treasury secretary under George W. Bush.

They are scheduled to meet with White House officials later today, including Vice President Mike Pence, Jared Kushner and Director of the National Economic Council Gary Cohn, to present their plan for addressing global warming. They argue the proposal — which would tax carbon emissions at $40 per ton, with all of the revenue recycled in dividends paid back to the public — will "embody the principles of free markets and limited government."

Why this matters: The proposal puts influential members of the GOP on the record as favoring action on climate change — a position that is not publicly supported by establishment Republicans, as most GOP members have promised a rollback of emissions regulations now that they have control of both houses of Congress and the White House.