Dear All;
I decided to look up the Washington state carbon tax initiative. It appears that the big Ds problem with the ballot measure is mathematical.
Supporters of an initiative to create a carbon tax in Washington are facing backlash over estimates the measure — advertised as “revenue neutral” — would actually cut state tax collections by $900 million over four years.
This reason was also cited by the Sierra Club for opposing the measure, (along with a lack of subsidies for alternative energy). For me the second reason is silly, but the first one is a real problem. The backers appear to have decided that the subsidy for Boeing was a clerical error.
http://www.seattletimes.com/seattle-news/politics/carbon-tax-initiative-flawed-needs-legislative-fix-say-backers/But the legislature has no plans to fix things and the Rs are demanding an end to all other environmental regulation as their price. and fixing government with these ballot things does not have a good history.
The tax isn't all that large anyway.
A carbon tax is a tax on fossil fuels based on the amount of carbon dioxide produced when those fossil fuels are burned. A $25 carbon tax would raise the price of gasoline by about 25 cents per gallon and the price of coal-fired electricity by about 2.5 cents per kilowatt-hour. Electricity from natural gas is cleaner by half and so would face a tax rate only half as large. Renewables like hydro, wind, and solar are carbon-free and would pay no tax. This will help make clean energy even more appealing than it is today
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I think the tax on gas in New York State is near that and it hasn't stopped anybody from driving. A 10% rise in gas taxes would at best result in a 10% reduction in driving, probably less. The electric one may have more legs as it makes PV even more attractive.