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www.EnergyIndependentVT.org
Who We Are
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Who Supports a Carbon Pollution Tax?
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H.412“An act relating to establishing a carbon pollution tax”
• Introduced this week by Reps. Mary Sullivan (Burlington) & David Deen (Westminster)
• Also cosponsored by:Rep. John L. BartholomewRep. Steven BerryRep. Patsy FrenchRep. Maxine GradRep. Warren F. KitzmillerRep. Martin LaLondeRep. James McCulloughRep. Michael MrowickiRep. Jean O'SullivanRep. Amy SheldonRep. Mollie S. BurkeRep. Johannah DonovanRep. Diana Gonzalez
Rep. Mary S. HooperRep. Willem JewettRep. Jill KrowinskiRep. Joan G. LenesRep. James MaslandRep. Curtis McCormackRep. Barbara RachelsonRep. Kesha K. RamRep. Thomas StevensRep. Valerie A. StuartRep. Maida TownsendRep. Donna Sweaney
1) Put a price on carbon pollution
• Assessment on CO2 pollution from heating and transportation fuels
– Paid by fossil fuel distributors
• Exempts electricity (covered by RGGI now)
• Price per ton: $100/ton proposed in H.412
• Phased in over 10 years
– Starts at $10/ton in 2018, goes up $10/ton/year
– $10/ton equates to 10 cents/gallon of gasoline, assuming distributors pass on the whole cost
Energy Independence
Fund
Sales tax cut
Refundable individual tax
credit
Low-income rebate
Employer rebate
*Chart breakdown is approximate
Energy Independence
Fund
10 PERCENT to Low Income Weatherization & an Energy Independence Fund
2) Help Vermonters save money and cut carbon pollution
*Chart breakdown is approximate
Saving energy & money
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3) Cut taxes for Vermonters &VT businesses
Sales tax cut
Refundable individual tax
credit
Low-income rebate
Employer rebate
*Chart breakdown is approximate
We are committed to addressing the needs of low-income Vermonters.
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Tax Reform: Vermonters and Businesses Win Big
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REMI ResultsREMI analyzed a scenario similar to H.412
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Gross State Product
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Carbon Pollution(metric tons CO2)
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Why a pollution tax is good for Vermont
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We need all hands on deck! How to help:
