John Dingell, chair of the House Energy and Commerce Committee, said he will call for an economy-wide tax of about $100 per ton of carbon dioxide emissions, a cap-and-trade system, and extra funding for research on renewableย energy.
But his most controversial call was for slashing the mortgage-interest deduction for โMcMansions,โ defined as homes larger than 3,000 square feet and that use more energy than smallerย houses.
โThese are all new ideas,โ Dingell said. โI know I’m going to catch hell for them,โ but โif we are serious about global warming, we need to reduce consumption by making it moreย expensive.โ
Not surprisingly, home-contracting firms criticized Dingell’s proposal as misguided and economicallyย detrimental.
Subscribe to our newsletter
Stay up to date with DeSmog news and alerts