James Baker, chief of staff to Ronald Reagan and secretary of state under George H.W. Bush, and George Schultz, secretary of state under Reagan, have endorsed a "carbon" tax plan that is just plain wrong from the git-go. Stephen Moore explains why in "The Carbon-Tax Scam," but here's the gist: Even if it succeeded in ending all United States carbon-dioxide emissions (and it's only designed to reduce, not end, them), it would fail to accomplish the end used as its justification: … [Read more...]