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U.S. Dem. Senators Unveil Climate Action Rebate Act (Reg. & Leg.)
Carbon Tax
Date: 2019-07-26
In the nation's capitol, Sen. Chris Coons (D-Del.) reports he and Sen. Dianne Feinstein (D-Calif.) will introduce the Climate Action Rebate Act -- a carbon tax -- that could generate $2.5 trillion in revenues over 10 years starting in 2020, according to a Reuters report.

The act would rebate about 70 pct of its revenue to families with under $130,000 per year income and use the remainder for energy infrastructure, job retraining for fossil fuel workers, and low-carbon energy R&D. The bill would cut U.S. carbon emissions 55 pct by 2030 and 100 pct by 2050 compared to 2017 levels. (Source: Various Media, Reuters, Japan Times, 25 July, 2019) Contact: Senator Dianne Feinstein, www.feinstein.senate.gov/public/index.cfm/e-mail-me; Senator Ghris Coons, www.coons.senate.gov/contact

More Low-Carbon Energy News Carbon Tax,  U.S.Carbon Tax,  Climate Change,  Carbon Emissions,  

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