Bloomberg BNA — Pronounced dead-on-arrival upon its introduction in 2013, the carbon tax bill authored by Sens. Barbara Boxer (D-Calif.) and Bernie Sanders (I-Vt.) is attracting a healthy bit of lobbying, suggesting both industry and environmental groups are looking down the road to a resurrection of legislation that failed in the Senate in 2010.
Blanche Christerson, an executive in Deutsche Bank AG’s private wealth management division, loves her 85-year-old ailing mother, Hedda Lark, of Manhattan Beach, California, and isn’t ready for her to die. Still, Christerson says, she and her mother are bothered that in discussing Lark’s estate, they wrestle with tax complications that didn’t exist just a year ago.
Congress’s partisan divide over tax increases is jeopardizing action on a long-term highway bill backed by industry groups, raising the risk that the U.S. will run out of money to pay for projects next year.