Sentences with phrase «from carbon tax»

«It draws a lot of parallels from the carbon tax that is already levied in British Columbia,» says McInerney.

More importantly, even if revenues from the carbon tax were used to reduce income tax rates in the first year or so, nothing would prevent a later Congress from undoing that part of the deal.

Significantly, the report found that 53 % of households (58 % of individuals) would receive more through monthly rebates than they would incur from the carbon tax.

Under that proposal, the revenue from a carbon tax could be used to reduce the deficit or to finance cuts in income taxes or the alternative minimum tax.

But Vice President Gore was insistent that part of the deficit reduction come from a carbon tax, which people forget, passed the House, before crashing in the Senate.

I - 732 uses the revenue from the carbon tax on pollution to reduce the sales tax by a full percent.

It's also a factor of our labour - intensive mining industry — the industry that will take a huge hit on its competitiveness from the carbon tax.

After examining four strategies for deploying the revenue from a carbon tax, Jorgenson and coauthors Richard J. Goettle, Mun S. Ho and Peter J. Wilcoxen found that one strategy in particular — reducing taxes on capital — leads to an increase in economic efficiency that improves economic well - being despite greater inequality, as well as a decrease in carbon emissions: the «double dividend» of the book's title.

This result occurs because, in addition to the original direct damage to the economy from the carbon tax, we now have the indirect damage to the economy from the carbon tax's interaction with pre-existing labor and capital taxes.

While the Times didn't run our LTE, they did run a rebuttal letter from carbon tax supporter Deborah Stewart, «Carbon Tax: It's Not 2016.»

All receipts from the carbon tax get deposited into the Carbon Pollution Reduction Account.

Plans include independent evaluations of financed activities including verification of emission reductions, seek to achieve significant CO2 reductions over the shortest time frame, require proof of additionality taking into consideration existing laws like I - 937, and shall provide sufficient funding to mitigate increases in electric and natural gas costs from the carbon tax for qualifying low - income households.

Revenue from the carbon tax would go directly to taxpayers instead of toward new government programs.

You assume outright catastrophe from a carbon tax reducing fossil fuel use yet assume no dangerous effect on climate change from increased atmospheric CO2.

I - 732 uses revenue from the carbon tax to cut the sales tax by a full point, putting hundreds of dollars each year in the pockets of individuals and families across the state.

If vote seekers are tempted to appease tax - fatigued cynics by stepping away from a carbon tax with bite, the latest scientific findings starkly reveal the cost of doing nothing.

More than a tax, B.C. has imposed a tax shift: The money collected from the carbon tax pushes personal and corporate taxes down, while steadily ramping up taxes on fossil fuels.

It is not «revenue - neutral» — Some claim that a carbon tax will be revenue neutral, meaning that revenues from the carbon tax will be used to offset or decrease taxes in another area.

The Cato authors argue that using the proceeds from a carbon tax to cut other taxes will not produce a net improvement in economic welfare if we divorce that conversation from any consideration of environmental benefits.

There is no reason to believe revenue raised from a carbon tax will be treated any differently.

Using revenue derived from a carbon tax to cut other taxes would not produce a net gain for the economy; and

I'll believe your hypothesis about the causes of taxation when I see any government reducing / abolishing any other taxes to compensate for the increased revenue they expect from a carbon tax.

The Washington State carbon - tax proponents believed they had an antidote: Don't allow the government to spend the revenues from the carbon tax; rather, use those revenues to reduce other taxes.

If even one dollar of the revenues from a carbon tax is used for anything except cutting other taxes, the scheme is a net tax increase and a Pledge violation.

By contrast aviation fuel, which is mainly exempt from the carbon tax, 4 did not follow this pattern; its sales changed about equally in BC and the rest of Canada during this period — further suggesting that the carbon tax contributed to the differences in the use of the other (taxed) fuels.

So, of course, use part of the proceeds from a carbon tax, or from cap - and - trade auctions, to help fund the R&D and other necessary investment.

«Most of the reduction (would) come not from the carbon tax, but from investment in renewables and energy saving, changes in regulations, improvements in standards, and changes in lifestyles.»

The BC NDP platform states that all new money from carbon tax increases, in line with the federal mandate, will be used to provide rebate cheques for families, and to investing in climate change solutions.

The second group that gains from a carbon tax are those prefer a lower carbon lifestyle, and can afford to indulge their preferences.

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.

NEA estimates that over the term of the UK Parliament (the next 5 years) domestic energy consumers will contribute over # 14 billion to the Treasury (# 11.82 bn in England, # 1.33 bn in Scotland, # 690m in Wales and # 190m in Northern Ireland) through VAT and revenue generated from carbon taxes.

Do you doubt that national governments, and some international (EU and UN) are not seeking revenue from carbon taxes?.

If you really want to put AGW fans to the test, do what I do occasionally and ask them to consider a world where the only source of revenue is from carbon taxing (ie the maxm theoretical price effect for any given level of revenue) It really sets the hares running but inevitably they conclude it would be far too drastic for most tastes.

Or should some or all bioenergy sources be exempted from carbon taxes because they are or might be roughly carbon - neutral?

But progressives can't just walk away from carbon taxes.

In 2016, governments across the world generated $ 26 billion in revenues from carbon taxes - an increase by 60 percent over the year before.

This could come from a tax on international currency transactions, from carbon taxes in the North or from a tax on international air travel...

As you can see from the above tables, the revenue taken from carbon taxes rises from # 2.8 billion in 2015 to # 6.8 billion by 2027.

The new report could impact laws and regulations on matters ranging from carbon taxes in Europe to funding for renewable energy in the United States to transportation planning in China.

Revenues from carbon taxes can fund «dividends» to all U.S. residents or be used to reduce existing taxes, shifting tax burdens onto pollution and pollution - generating activities.

He's on track to become a billionaire from carbon taxes.

But generating new government dollars isn't their purpose; indeed, distributing revenues from carbon taxes as carbon dividends, or using them to reduce or phase out existing (and onerous) taxes like payroll taxes in revenue - neutral «tax shifts or swaps,» is built into many carbon tax proposals, most of which the Carbon Tax Center strongly supports.

Not exact matches

Williams said the Heritage estimate was correct based on the methodology the foundation used — the analysts estimated a carbon tax rate of $ 36, which would increase by 3 % each year from 2015 to 2035.

Studies indicate carbon dioxide emissions from transportation in the province have declined 16 % in that time, and while it's impossible to draw a direct causal relationship between the tax and the emissions decline, it's fair to say it was a factor contributing to indisputable behavioural changes — you can't emit 16 % less CO2 by doing the same things you did before.

With the abolishment of the carbon tax, Transperth fares will be reduced by 1.5 per cent from November 1 while a free day of travel has been arranged for November 3 to compensate for fares already charged.

Conservative finance critic Pierre Poilievre called the PBO's findings «damaging» for the government, citing the impact of larger deficits, higher debt payments and a carbon tax that he says will erase at least $ 10 billion per year from the national economy by 2022.

In a recently released study, Getting Energy Prices Right: From Principle to Practice, the IMF calculates what it considers to be the appropriate level of fuel taxes (a carbon tax by any other name) for 156 different countries.

This echoed an earlier proposal by center - right former French president Nicolas Sarkozy to levy a new border tariff on U.S. exports seeking to enter the EU in the event of a Paris withdrawal, as well as a call from the chairman of ArcelorMittal, a major global steel company, for Europe to establish a carbon border tax.

That's why we produced How To Adopt a Winning Carbon Price: Top 10 Takeaways From the Architects of British Columbia's Carbon Tax — a new compendium of insider tips for policy makers who may be considering a carbon pricing program.

A natural gas bill for a customer from FortisBC, for example, shows that on a gas bill of $ 59.14, the carbon tax was $ 10.28.