Regarding: “Wary of carbon tax,” (Martin Arfa, Aug. 15 letters):
I understand your discomfort regarding where carbon tax revenues might go. Often, I am not happy with how my tax dollars are spent.
However, when politicians today talk about a “revenue neutral carbon tax,” or sometimes a “carbon fee and dividend,” they are talking about a program where all of the revenues from the carbon fees are refunded directly to American households equally.
According to the Citizens Climate Lobby (CCL), this dividend helps citizens pay for a possible increase in fuel costs without increasing the size of government.
In addition, CCL recently released a report by Regional Economic Models Inc., examining the effects of a carbon fee and dividend program. It found that in 20 years, carbon dioxide emissions would be reduced 50 percent below 1990 levels. Also, the economic stimulus resulting from refunding the fee revenues would, in 20 years, add 2.8 million jobs to the American economy.
I don’t think we need to be wary of this kind of program.