Sentences with phrase «carbon tax revenues»

Some interests would clamor for the carbon tax revenues to be used to subsidize alternative energy.

Climate scientist Jim Hansen and the Citizens Climate Lobby are among those calling for all carbon tax revenues to be returned to citizens in equal, monthly «green checks.»

So our plan will use carbon tax revenues to reduce other Federal taxes.

Impacts of carbon taxes on poor families can be lessened by: 1) progressive tax - shifting as just described; 2) pro-rata distribution of the carbon tax revenues to every U.S. resident (also described above); and / or 3) to the extent necessary, funding programs designed to help poorer households use less energy driving and at home.

Another progressive approach is to rebate the carbon tax revenues equally to all U.S. residents — a national version of the Alaska Permanent Fund, which for decades has annually sent identical checks to all state residents from earnings on investments made with the state's North Slope oil royalties.

But to provide one illustrative example, if 70 % of the carbon tax revenues were simply rebated back to the American people in equal, lump - sum payments, half of all households — and most of those whose income is below the mean — would be made whole for both the direct and indirect costs of the tax.

McKitrick landed a devastating blow on those who argue that a carbon tax will provide a «double dividend» or «win - win» scenario, so long as the carbon tax revenues are used to cut other taxes.

Now it's true, if the carbon tax revenues are used to reduce labor and capital taxes, then that move helps the situation.

Surely it has to be true that using carbon tax revenues to reduce other income taxes is good for the economy, right?

The pols love this one because it had the goal of trillions of dollars in carbon tax revenues to shuffle around.

Unless Congress decides to spend most — and possibly all — carbon tax revenues on adaptation, a federal carbon tax does not even begin to solve the problems that are the subject of these lawsuits (nor, obviously, would EPA regulation).

Instead, they argue that carbon tax revenues «be used to offset more burdensome existing taxes, boost economic growth and invest in jobs.»

The second problem with their argument is that while carbon tax revenues could, in theory, be used to pay for present and future adaptation costs, few on the right are at all interested in so using that revenue, including Neeley and Murray.

Why not have the government invest carbon tax revenues in promising energy technologies?

And he does not mention the potential efficiency advantages of using carbon tax revenues to reduce other taxes such as taxes on work and thereby use climate policy to improve overall economic well - being.

The believable constraint (carbon tax revenues shouldn't exceed current tax revenue, raising the tax rate) doesn't raise a problem, and the tougher restriction he pulls out of his butt (no more than 10 % of current revenues) has no obvious empiric basis, and in any case could easily be addressed by phasing in a carbon tax over five or ten or twenty years, which is something advocates for a serious carbon tax endorse anyway.

Funding these activities with carbon tax revenues would not generate additional GHG reductions, but simply transfer wealth to the developers by increasing their profit margins.»

What few have publicly proposed is the wholesale return of carbon tax revenues back to the people, as this plan does.

Delaney's measure offers a sweetener to conservatives: a promise to apply roughly half of carbon tax revenues to reduce the top corporate income tax rate from 35 % to 28 %.

You'll see our estimates of carbon tax revenues by clicking here and clicking the link in the fourth paragraph.

The B.C. New Democrats have proposed an environmental plan that would reinvest carbon tax revenue in transit and climate change initiatives, create green jobs, and offer legislated protection for species at risk.

She imposed a five - year freeze on the carbon tax, refuses to use carbon tax revenue to fund climate solutions, exempted the LNG industry from calculating greenhouse gas emissions on 70 per cent of its operations, cancelled a home retrofit program, and derailed public transit expansion plans with a built - to - fail referendum.

Many also spend carbon tax revenue, rather than recycling it through offsetting tax cuts elsewhere.

A Brookings Institution expert wrote that setting aside some of the carbon tax revenue — $ 30 billon is the suggested starting point — to be used for clean energy research and development might help the plan achieve its emissions reduction goals.

The government is also prepared to spend more than the estimated S$ 1 billion in carbon tax revenue to help companies to reduce emissions.

For nearly a decade, British Columbia has used carbon tax revenue to give money back to people in the form of income tax credit — not as transparent as dividend checks, but a similar idea.

For nearly a decade, British Columbia has used carbon tax revenue to give money back to people in the form of

The Senator's willingness to discuss an array of options for use of the carbon tax revenue is a helpful invitation to his colleagues of both parties to fold carbon taxes into broader tax and regulatory reform.

What the paper actually did was compare carbon tax revenue to total tax revenue and consider what that might imply about practical limitations to how countries can price carbon.

For that target, the carbon tax revenue in 2020 is greater than 10 % of total tax revenue in every country.

The new report details a range of funding options from using 35 per cent of carbon tax revenue to 95 per cent and how this could cut fuel poverty by 75 per cent to 87 per cent depending on the level of investment.

While the government is likely to get thrashed at the next election, they are trying to make it impossible for the incoming government to unwind their policies (e.g. by giving people compensatable rights and by giving tax concessions dependent on carbon tax revenue).

But if an election can be bought by making * EXISTING * carbon tax revenue into such dividends, very good effects could ensue, I think.

That's sort of like requiring that people spend carbon tax revenue to subsidize new coal - fired power plants.

It begins by acknowledging that each province will have its own needs and priorities, which will mean a different set of uses for carbon tax revenue:

Many conventional economists, along with some of the few conservatives who take climate policy seriously, favor a «tax shift»: using the carbon tax revenue to reduce other taxes, preferably «distortionary» taxes like payroll or income.

Perhaps a better approach would be to look for synergies between near and long term measures, e.g. land use policies that put people out of harm's way and lower transport energy intensity, or recycling carbon tax revenue into disease prevention.

Expert analysis published several years ago by Resources for the Future (which we summarize and link to on our Tax Shifting page) suggested that using carbon tax revenue to reduce corporate income tax rates would benefit middle - and upper - income households but not lower - income families, relatively few of whom own stocks whose share values would rise as corporate tax rates were reduced.

He suggests that carbon tax revenue be used to reduce the payroll tax, income tax and corporate tax rate.

Not exact matches

The Notley government has already done plenty to increase revenues, including corporate tax hikes, bigger rates for high - income earners and a much - maligned new carbon tax.

Contrary to what Mr. Oliver is selling, revenue - neutral carbon taxes won't increase the amount of taxes paid by Canadians, instead they'll just shift the tax burden to other areas.

In April 2016, the Canada Revenue Agency said provincial carbon taxes would be subject to GST.

OTTAWA — The federal government stands to raise as much as $ 280 million in revenue off provincial carbon taxes in Alberta and B.C. in the next two years despite claims carbon taxes would be revenue neutral for Ottawa.

Lauzon said revenues raised directly by the carbon tax would remain in the province where they are raised.

Alberta has also laid further waste to its previous claims its carbon tax will be revenue neutral, or even that the proceeds will all be recycled into climate - friendly programs.

The deal she hammered out with most of the provinces late last year urges them to enact carbon pricing, but promises that even if Ottawa has to step in to impose a tax, they'll get to keep the revenues.

The GST revenues from carbon taxes could rise significantly once every province has implemented the carbon tax or cap and trade plan by next year.

The MIT study found that taxing carbon at $ 20 a ton in the U.S. would generate $ 1.5 - trillion in revenue in a 10 - year period, which would reduce corporate and personal income taxes, maintain social services spending and reduce the deficit.

In contrast to Alberta's largely cosmetic Specified Gas Emitters Regulation that does little to curb emissions or raise revenue for the province, British Columbia has implemented a much more comprehensive carbon tax.

JUNE 2008: Inspired by business director Michelle Hoar's ranting about Gordon Campbell's $ 100 cheque for each British Columbian upon launch of the «revenue neutral» carbon tax, The Tyee team gets creative and launches Green Your Campbell Cash, a microsite that challenges citizens to actually do something green with their $ 100.