Beto O'Rourke pitches 'world's largest-ever climate change investment,' largely funded through changes to the tax code.
Democratic 2020 presidential candidate Beto O'Rourke speaks during a campaign stop at The Beancounter Coffeehouse & Drinkery in Burlington, Iowa, U.S. March 14, 2019.Democratic presidential candidate Beto O'Rourke on Monday revealed a $5 trillion plan to address climate change that would be funded largely by changes to the tax code.
The former U.S. Congressman from Texas is pitching a 10-year plan that seeks to spur investment in clean technology and energy efficiency, achieve net-zero greenhouse gas emissions by 2050 and shore up communities vulnerable to the impacts of climate change. "The greatest threat we face — which will test our country, our democracy, every single one of us — is climate change," O'Rourke said in a statement on Monday. "We have one last chance to unleash the ingenuity and political will of hundreds of millions of Americans to meet this moment before it's too late."
O'Rourke says the first bill he would send to Congress as president would include a $1.5 trillion investment in infrastructure, innovation and communities. The bill would make structural changes to the tax code that "ensure corporations and the wealthiest among us pay their fair share" and the end billions of dollars in tax breaks to fossil fuel companies.
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