text: The policies examined in the MIT study surely differ from those that will emerge from the regulatory processes given force by the president. But if the effect of the latter is some substantial reduction in GHG emissions, in particular from electric power generation, then it is difficult to see how the distributional impacts might differ substantially from those reported by MIT, and it also is difficult to believe that the basic red-to-blue transfer is accidental. Instead, given that the actual climate effects of reductions in U.S. emissions would be trivial, it is straightforward to hypothesize that the direction of the wealth transfer is the central motivating objective of this policy proposal.