(This letter was sent to state Representative Adam Greshin, I-Warren.)
Dear Adam:
I'm writing in reference to the upcoming Carbon Pollution Tax proposal that will be debated in the Legislature. It aims to reduce Vermont's carbon emissions at a rate that will help to reach the goal of 70 percent reduction by 2050 in a way that is a net economic benefit and equitable for all Vermonters.
We can't ignore the growing reality of erratic weather and the destruction it causes, such as the floods we've had right here in the Mad River Valley. Not only does this affect us here and now, but we have to think about the legacy we leave our children.
The proposal that is backed by Energy Independent Vermont not only addresses the problem but provides a solution that makes economic sense. An assessment on carbon pollution would be charged to fossil fuels sold in Vermont (oil, gas, propane, coal) – $100/ton, starting at $10/ton in 2018 and increasing $10/year for 10 years. Ninety percent of the revenue would be returned to Vermonters in the form of rebates and other tax relief: reduction in the sales and use tax, refundable tax credits for every adult Vermont resident, additional rebates for Vermonters at or below 200 percent of the federal poverty level, per-employee rebates for all employers.
In addition, a $100/ton tax on carbon pollution increased over a 10-year period would create over 2,000 jobs and increase Vermont's gross state product by nearly $100 million.
This plan will help us take control of our energy future while saving Vermonters money, by helping us make our homes more energy efficient. Those least able to pay more for fossil fuels will receive a larger rebate and more access to weatherization and other energy-saving services that will help them save more money in the long run rather than continuing to depend upon fossil fuels.
It's a win-win situation for people's pocketbooks and the planet. Such a policy will not only substantially reduce the greenhouse gas emissions that are wreaking havoc on our planet, but it could grow jobs and Vermont's economy and be shaped to hold low-income Vermonters as harmless as possible.
Thank you for your consideration.
Sharon Kellermann lives in Warren.
