Four Carbon Pricing Proposals Introduced in Vermont

Lawmakers introduced four bills to institute carbon taxes while offsetting other taxes.

  • One of the bills would eliminate Vermont’s sales tax and raise the same amount from a tax on carbon dioxide pollution, a contributor to climate change.
  • Another would return all its revenue to Vermonters through dividend checks every three months.
  • A third would exempt businesses earning less than $400,000 a year from paying income tax and would cut income tax rates across the board while doubling a tax credit for low-income residents.
  • The fourth would slash property taxes for education and raise the equivalent amount through a tax on carbon dioxide pollution.

(bill descriptions from VT Digger)

More information on the proposals is available here: 

VT Business Magazine: State rep proposes fossil fuel fee to reduce property taxes
http://vermontbiz.com/news/april/state-rep-proposes-fossil-fuel-fee-reduce-property-taxes?utm_source=VBM+Mailing+List&utm_campaign=5a24b3c625-EMAIL_CAMPAIGN_2017_04_10&utm_medium=email&utm_term=0_85838110bc-5a24b3c625-286642965

VT Digger: New Carbon Tax Proposals Look to Shift Burden Onto Pollution 
https://vtdigger.org/2017/04/10/new-carbon-tax-proposals-look-to-shift-burden-onto-pollution/

VPR: Vt. House Democrats Reintroduce ‘Carbon Pollution’ Fee With Fresh Messaging
http://digital.vpr.net/post/vt-house-democrats-reintroduce-carbon-pollution-fee-fresh-messaging#stream/0

Rutland Herald: Lawmakers: Carbon tax would reduce other taxes in Vt.
http://www.rutlandherald.com/articles/lawmakers-carbon-tax-would-reduce-other-taxes-in-vt/