Time to put a price on carbon?
This week, Vermont state representative announced four proposals to tax carbon while eliminating or reducing other taxes. One bill would replace Vermont’s sales tax with a tax on carbon pollution; another would return all carbon tax revenue to Vermonters through dividend checks; a third proposal would cut income taxes while doubling a tax credit for low-income residents; and a fourth bill would cut property taxes for education and replace it with a tax on carbon pollution. We talk with two of the bills’ sponsors about how Vermont could put a price on carbon.Rep. Diana González, Rep. Martin LaLonde, P/D-Winooski, D-South Burlington, respectively