Four Carbon Pricing Proposals Introduced in Vermont

Lawmakers introduced four bills to institute carbon taxes while offsetting other taxes.

  • One of the bills would eliminate Vermont’s sales tax and raise the same amount from a tax on carbon dioxide pollution, a contributor to climate change.
  • Another would return all its revenue to Vermonters through dividend checks every three months.
  • A third would exempt businesses earning less than $400,000 a year from paying income tax and would cut income tax rates across the board while doubling a tax credit for low-income residents.
  • The fourth would slash property taxes for education and raise the equivalent amount through a tax on carbon dioxide pollution.

(bill descriptions from VT Digger)

More information on the proposals is available here: 

VT Business Magazine: State rep proposes fossil fuel fee to reduce property taxes

VT Digger: New Carbon Tax Proposals Look to Shift Burden Onto Pollution

VPR: Vt. House Democrats Reintroduce ‘Carbon Pollution’ Fee With Fresh Messaging

Rutland Herald: Lawmakers: Carbon tax would reduce other taxes in Vt.