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Alan Rogers / The Casper Star-Tribune via AP

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.

Go deeper

2 hours ago - World

Biden seeks to reboot U.S. sanctions policy

Sanctions increased under Obama and dramatically under Trump. Photo: Tom Williams/CQ Roll Call

The Biden administration is rethinking the U.S. approach to sanctions after four years of Donald Trump imposing and escalating them.

The big picture: Sanctions are among the most powerful tools the U.S. has to influence its adversaries’ behavior without using force. But they frequently fail to bring down regimes or moderate their behavior, and they can increase the suffering of civilians and resentment of the U.S.

2 hours ago - World

Merkel's farewell spoiled by Poland crisis at EU summit

One last awkward EU "family photo." Photo: John Thys/AFP via Getty Images

Angela Merkel took up her vaunted mantle as Europe's crisis manager for what could be the last time tonight, as she urged the EU to find compromise in its showdown with Poland.

Why it matters: The European Commission has threatened to withhold over $40 billion in pandemic recovery funds after Poland's constitutional tribunal — stacked with loyalists from the ruling right-wing populist party — rejected the principle that EU law has primacy over national law.

Republicans who put it all on the line

Rep. Nancy Mace speaks with reporters after voting to hold Steve Bannon in contempt of Congress. Photo: Anna Moneymaker/Getty Images

A small contingent of House Republicans risked their political futures on Thursday, they say, in the name of constitutional responsibility.

Why it matters: The nine Republicans who voted to hold former Trump aide Steve Bannon in contempt of Congress are now in peril of becoming political pariahs. They've opened themselves up to potential primary challengers and public attacks from their party's kingmaker — former President Trump.