Initiative to put a CARBON TAX on ballot in Washington state.
Collecting signatures today.
What will the initiative do?
I-732 would tax carbon dioxide (CO2) coming from fossil fuels produced in Washington. The tax increase is balanced by a reduction of other taxes, such as the sales tax. This is a “tax-swap”, meaning that overall, there is no tax increase. It is so simple that there will be no growth in Government, as with cap and trade.
Here is how it would work:
Reduce the state sales tax by 1%;
Effectively eliminate the B&O tax for manufacturers;
Institute a carbon tax of $25 per metric ton of CO2 emissions, increasing 5 percent each year up to $100 per metric ton: an incentive to use less fossil fuel will reduce pollution.
Provide up to $1,500 a year for each of 400,000 low-income working households.
The tax swap would be phased in over 2-years.
Sales tax reduced by a half point in year 1, and a half point in year 2.
The carbon tax would start July 1, 2017, at a rate of $15 per metric ton of CO2. After one year, the tax rate goes up to $25 per ton/CO2.
Each consecutive year would increase the tax about 5%, for revenue neutrality.
What We Are Doing
315,000 signatures would enable voters to choose a carbon tax (or not) on November, 2016. You are only being asked to sign the petition to put I-732 on the ballot. Make your final decision when you vote.
Why a carbon tax?
We need a policy to slow runaway climate change. A tax-swap in BC, Canada successfully reduced fossil fuel use. Despite this, the BC economy grew, even when recession slowed the other provinces.
Why reduce CO2 emissions?
When burned, fossil fuels emit carbon dioxide as pollution. CO2 is a greenhouse gas that contributes to climate change.
How much will energy prices increase?
Gas: ~ $0.25/gallon
- from coal ~ $0.025/kilowatt-hour
- from nat gas ~ $0.012/kilowatt-hour
Wind and solar do not pay a carbon tax, which levels the playing field for cleaner energy and creates more jobs in the clean energy sector.
How would the tax swap affect my family?
See our calculator at:
How will reducing CO2 pollution affect us?
Climate change will be slowed. Cleaner air means better health: less asthma in children, for example. Our economy would be less likely to be disrupted by extreme, chaotic weather. Catastrophic weather events are expensive, in every sense, as are changes that will make farming, tourism, and fishing less profitable. We can reduce the pollution from fossil fuels and still have a robust economy.
Please sign the petition for I-732