TCI Carbon Tax: Lots of Bucks, Little Bang

December 18, 2019

by Rob Roper

Advocates for the Transportation Climate Initiative (TCI) will argue that the pain they intend to inflict on Vermonters via a 17¢ per gallon Carbon Tax on gasoline and diesel is necessary to combat climate change. Their theory is by making gas and diesel too expensive for people to afford, people will be forced to find alternatives (or give up driving), and this will, in turn, lower Vermont’s carbon footprint and stave off climate change.

But by how much?

According TCI’s own data, if the New England/Mid-Atlantic states considering this pact DID NOT join TCI and pay the Carbon Tax, carbon emissions would still drop by a projected 19 percent regardless. If the states did sign on to TCI and pay the Carbon Tax, those emissions would drop to somewhere between 20 and 25 percent. That’s only a 1 to 6 percent difference over the course of a decade, 2022-2032.

And what would that very minor deviation cost?

The 1 percent impact option (7¢ per gallon), again according to TCI, will cost people in the region $1.4 billion ANNUALLY, or $14 billion over that ten years. The 6 percent impact option (17¢ per gallon) will cost drivers $56 billion.

The biggest question, of course, is what impact on future climate trends would moving the needle from a 19 percent CO2 reduction to 26 percent in these dozen states at the staggering cost of a $56 billion Carbon Tax have? So little as to be imperceptible.

TCI isn’t so much an actual public policy with meaningful goals achieved at reasonable costs – a well thought out and careful use of the public’s dollars for the public’s benefit — as it is a form of mass torture inflicted on the heretical population by the high priests of Climate Change. No thanks.

Rob Roper is president of the Ethan Allen Institute. 

 

{ 5 comments… read them below or add one }

Warren_giroux December 20, 2019 at 1:52 pm

We the people are tax way too much it’s about time we lower the taxes so people can live a little bit better

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Edith Connellee December 20, 2019 at 11:06 pm

I am outraged that there are people who think that making carbon-based products too expensive will force people to “invest” in more climate-friendly heating and transportation choices. When, in fact, it will only force more into poverty and deprivation. Jobs will be lost, people could freeze in their homes. It is an elitist and ignorant notion posed by people who are clearly not living paycheck to paycheck – for a state with virtually no reliable public transportation? Stop this nonsense!

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Kyle December 21, 2019 at 12:03 am

The irony is that VT is now trying to figure out how to tax electric vehicles more since they’re missing out on the taxes from gas vehicles. I just saw that they are looking at charging more for electricity that is to be used specifically for charging for electric cars. I’m just left shaking my head.

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Jeanne V December 21, 2019 at 3:36 pm

Sorry, but your plan to ‘make’ me buy an electric vehicle just isn’t going to work. I am retired, on a fixed income, and affording a new electric car that costs more, and thenI have to find a place to charge, just is not in my financial plan. I use very little gas as it is. I don’t drive all around creation. I go out only to get groceries and other items as needed. Meaning, I fill my tank with about 7-8 gals every 2-3 weeks. That really is not much at all. All around, higher cost for the car, higher cost for the electricity, tax this, tax that. Who is it you think you are talking to about all these higher costs to battle climate change? Really? Most of us are not millionaires. Why is it the little people get zapped, and not the factories, etc.?

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Kyle December 22, 2019 at 4:15 pm

My question is why do we the people keep voting the same people into Montpelier? The last election was bamboozled by the trickle down of national politics, but it seems unlikely that there will be a change in attitude in the capital if we keep sending the same people back. What can be done?

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