Support Pennies Per Pound Energy Stamp and Tax Program
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Enacting a Pennies Per Pound (PPP) CO2 Tax & Stamp Program on fossil fuels would create green jobs, raise revenues, decrease dependence on foreign oil, lower the nation’s debt and lead to a healthier planet with lower healthcare costs.
Phasing in an energy tax that starts at 1¢/lb of CO2 and increases to 10¢/lb over ten years will generate significant revenue and create demand for new technologies to reduce energy consumption. This demand will in turn result in the creation of thousands of new jobs across multiple sectors, including home improvement and research and development. As consumers and industry use less energy through efficiency improvements and conservation, overall demand will decrease, reducing both our energy imports and the trade deficit.
Even at the lowest proposed rate of a penny per pound, this energy tax will generate over $126 billion in revenues for the federal government (based on US Energy Consumption from 2009 ), and produce significant demand for green jobs across America. Any increase in the cost of living or operations will present a challenge, particularly in tough economic times, but with the following approaches, the impact of the change can be mitigated. An Energy Stamp program would need to be implemented to mitigate the regressive nature of a consumption based tax. The program would be completely funded by the revenue generated by the Pennies Per Pound Tax. A debit card based solution similar to the current food stamps (SNAP) would still encourage energy efficiency and conservation while not unfairly burdening those already struggling.
More details can be found at http://penniesperpound.org.
Please work with your fellow congressional leaders and senators to introduce and pass legislation enacting Pennies Per Pound Stamp and Tax Program.
Phasing in an energy tax that starts at 1¢/lb of CO2 and increases to 10¢/lb over ten years will generate significant revenue and create demand for new technologies to reduce energy consumption. This demand will in turn result in the creation of thousands of new jobs across multiple sectors, including home improvement and research and development. As consumers and industry use less energy through efficiency improvements and conservation, overall demand will decrease, reducing both our energy imports and the trade deficit.
Even at the lowest proposed rate of a penny per pound, this energy tax will generate over $126 billion in revenues for the federal government (based on US Energy Consumption from 2009 ), and produce significant demand for green jobs across America. Any increase in the cost of living or operations will present a challenge, particularly in tough economic times, but with the following approaches, the impact of the change can be mitigated. An Energy Stamp program would need to be implemented to mitigate the regressive nature of a consumption based tax. The program would be completely funded by the revenue generated by the Pennies Per Pound Tax. A debit card based solution similar to the current food stamps (SNAP) would still encourage energy efficiency and conservation while not unfairly burdening those already struggling.
More details can be found at http://penniesperpound.org.
Please work with your fellow congressional leaders and senators to introduce and pass legislation enacting Pennies Per Pound Stamp and Tax Program.
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The US has to get out of debt somehow!
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This is a great idea. I support it. We need clean air for our kids and their kids!
Increasing levels of carbon dioxide are a continuing threat to civilized society, with ever increasing intensity of weather events and forest fires, rising sea levels and food supply
effects. Measures are necessary to limit the mass of carbon dioxide emitted to the atmosphere, which falls in line with the free market system. The general public is currently paying for the pollution emitted by others in the form of diminished quality of life, higher insurance premiums and higher food prices due to shortages. Carbon emissions are not free, time to pay up.
effects. Measures are necessary to limit the mass of carbon dioxide emitted to the atmosphere, which falls in line with the free market system. The general public is currently paying for the pollution emitted by others in the form of diminished quality of life, higher insurance premiums and higher food prices due to shortages. Carbon emissions are not free, time to pay up.
The demagogues and charlatans warn us away from a "Carbon Tax". But such a uniformly enforced, transparent accounting of environmental costs is actually the BEST way forward.
A tax program that is based on consumption of carbon is a way to support our government and protect our planet at the same time. A stamp program to alleviate the strain on the poorest people is an important piece of making this a workable solution for everyone.
People need to recognize the full impact of their actions, including energy consumption. A tax based on use seems the one of the best ways to do this, with provisions to assist lower-income households whose energy expenditures represent a significant portion of their income.
Our economy and our kids need this legislation!
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