6-9-16 – No thanks to carbon tax

By John McClaughry

In a letter published May 22 (“Opinion: Carbon tax no pie-in-the-sky”), Steve Sobel presented the argument for a “carefully planned tax on carbon pollution without increasing the overall tax burden.” This is somewhat less than candid.

The VPIRG-promoted carbon tax will fall on everybody who uses gasoline, diesel, home heating fuel, propane and natural gas. When fully implemented in 2028, the tax would rake in around $500 million a year.

“Without increasing the overall tax burden” is another VPIRG fiction. Why? Because the special favorites of the VPIRG Energy Independence Coalition will pocket 10 percent of the proceeds off the top, in the form of wind, solar and weatherization subsidies. So much for “revenue neutral.”

The bill says the remainder will be redistributed by lowering the sales tax rate by about penny, and other targeted rebates and reductions to “address social inequities” (Sobel). But that’s assuming that the chronically cash strapped Legislature will actually approve any tax reductions, once they have the exciting prospect of all that new money to spend.

In its opening letter to legislators, the EIV cleverly observed that “based on legislative priorities, carbon tax revenue could of course be used for other purposes.” In plain English, vote for hundreds of millions in new carbon tax revenues, promise certain people offsetting tax reductions, and when you get your hands on all that money you can conveniently forget about those promises and spend the loot on your favorite programs, or new ones.”

This is an imaginative scam – but no, thanks.

– John McClaughry is the founder and vice president of the Ethan Allen Institute

{ 1 comment… read it below or add one }

jim bulmer June 11, 2016 at 4:02 pm

carbon tax??? Horse feathers!!! Let’s be honest and open for a change!! Just one more example of solar and wind needing a big cruch to survive pluse another sceme to redistribute wealth. Unfortunately, those who can least afford to pay will be hit thehardest!! VPIRG knows full well that a tax on gasoline and home heating fuel in a rural cold weather state is akin to mining gold at everyones’ expense. Will true Vermonters ever wake up and vote these clowns OUT???? Some how, I rather doubt it.


Leave a Comment

Previous post:

Next post:

About Us

The Ethan Allen Institute is Vermont’s free-market public policy research and education organization. Founded in 1993, we are one of fifty-plus similar but independent state-level, public policy organizations around the country which exchange ideas and information through the State Policy Network.

Latest News

Commentary: The EV Subsidy Train Picks Up Speed

July 16, 2019 By John McClaughry Chairman Anthony Roisman of the Public Utility Commission has made it official. Vermont is facing a “Pearl Harbor moment”. We in Vermont...

Solving the Border Crisis

July 15, 2019 By John McClaughry During May a record 144,000 people crossed into the United States along the Southern Border, seeking asylum in our country. Not surprisingly,...

Credit Agency: Show Me the People, Vermont!

July 12, 2019 By David Flemming The good news: one of the top major credit agencies applauded Vermont’s legislators for recognizing that Vermont has a population problem. The...

IPCC Hiding Truth on its Failed Models

Testimony of Prof. John R. Christy, U.S. House Committee on Science, Space & Technology 29 Mar 2017 (excerpt) John R. Christy is Distinguished Professor of Atmospheric Science, Alabama’s...

Tunnel vision on carbon reduction leaves Vermont vulnerable to next “climate storm”

July 10, 2019 By Guy Page July 10, 2019 – Vermont’s energy leaders often warn about the dangers of climate-change related extreme weather. But the solutions they propose...