A Wall Street Journal article (Democrats Rethink Climate Measures, Consider Carbon Tax; Party needs to stay united to pass $3.5 trillion proposal without GOP support. Duehren, Andrew.) describes Senate Democrats' fresh interest for cutting emissions: a carbon tax proposal to reduce global warming. Basedonthe article, please answer the following questions:

1. What would bethemain welfare impacts of the tax on carbon emissions? Please evaluate the impacts on the households (consumers), businesses (producers) and society (including the government tax revenue).
2. Usethegraphyoudrewina(ordrawanewgraph)toexplainthe tax incidence? Who pays more tax? Will there be a large deadweight loss? Explain briefly.