Kerry bristles at GOP claims that such a carbon-control system would produce a hidden tax increase, with utilities, energy companies and other manufacturers passing on their increased costs to customers.
"There is no tax," Kerry said. "It is a private investment incentive where a company is given the right to buy from a company that's reduced its pollution - to buy the right to pollute for a period of time. That's a private exchange. That's called capitalism. That's the private marketplace working at its best."
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