Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Expand chart
Data: Associated Press-NORC Center for Public Affairs Research survey conducted Nov. 14 to Nov. 19, 2018; margin of error ±3.9; Chart: Chris Canipe/Axios

As much as 67% of Americans might support a carbon tax, according to a new poll from the Energy Policy Institute at the University of Chicago (EPIC) and the Associated Press–NORC Center for Public Affairs Research.

Why it matters: 98% of economists believe that the least expensive way to slow climate change is to put a price on carbon emissions through a cap-and-trade system or tax. Although economists also suggest using revenues from carbon pricing to reduce income taxes — taxing a “bad” (carbon emissions) to reduce taxes on a “good” (income) — these poll results suggest voters prefer pairing carbon taxes with environmental spending.

Reality check: The politics of carbon pricing are challenging. Progressive Washington State has twice rejected referendums to put a price on carbon, at least partially because of aggressive advertising campaigns by fossil fuel companies and questions about how the money would be spent. Further, the American Clean Energy and Security Act failed to get a vote in the Senate in 2010, and the House of Representatives even passed a resolution last summer denouncing the idea of a carbon tax.

Yes, but: New polling released this week shows that 44% of Americans support a carbon tax. More importantly, that support varies when they are told what policies might accompany it.

  • Of all the possible uses polled, the largest portion of Americans support a carbon tax whose revenue would be used for environmental restoration (67%) and renewable energy R&D (59%).
  • A more modest 49% would support a tax whose revenue would be used as a tax rebate — recently advocated by a group of economists as a political sweetener — while 45% support a tax whose revenue would reduce the deficit.
  • Support for a carbon tax is actually lower (34%) when respondents are told the tax policy would be accompanied by eased climate regulations.

What to watch: Pricing carbon is the most efficient way to recruit the private sector to identify and develop the cheapest emissions reductions. The American public is catching up to the consensus among scientists and economists, but whether the political establishment will remains an open question.

Michael Greenstone is the Milton Friedman Distinguished Service Professor in Economics, the College and the Harris School of Public Policy and director of its Energy Policy Institute.

Go deeper

Civil rights leaders plan a day of voting rights marches

Martin Luther King III and Rev. Al Sharpton. Photo: Cheriss May/Getty Images

Civil rights leaders from Washington to Phoenix are planning marches on Aug. 28 to push Congress to pass new protections around voting rights.

Why it matters: A landmark voting rights proposal remains stalled in the U.S. Senate, as Sens. Joe Manchin (D-W.V.), Kyrsten Sinema (D-Ariz.) and other moderates block efforts at filibuster reforms to advance a bill held up by Republicans.

Latinos twice as likely as white people to die from gunfire

Expand chart
Data: Violence Policy Center; Chart: Will Chase/Axios

Nearly 3,000 Latinos each year have died from gunfire in the United States over the last two decades, making them twice as likely to be shot to death than white non-Hispanics, according to a study from the Violence Policy Center.

By the numbers: Almost 70,000 Latinos were killed with firearms between 1999 and 2019, 66% of them in homicides, according to the center’s data analysis.

Top labor leader Richard Trumka dies unexpectedly at 72

Photo: Samuel Corum/Getty Images

AFL-CIO President Richard Trumka, who led the largest federation of unions in the country for over a decade, has died at 72.

The big picture: Trumka began working as a coal miner in 1968 and would go on to dedicate his life to the labor movement, including as president of the 12.5 million-member AFL-CIO beginning in 2009.