The Ugly Side of CT’s Carbon Tax Bill
Reducing carbon emissions is a long standing issue. While there are many ways we can work toward slowing global warming as a planet, adding a tax aimed at completely stopping the use of fuel for energy is not the answer and will offer minimal resolution.
The Environment Committee is holding a hearing in Connecticut this Wednesday to discuss a bill that will impose a tax for fossil fuels sold in the state. If it passes, heating oil, propane, diesel, gasoline and natural gas will all be subjected to the new tax. Those costs won’t just harm consumers, but utility suppliers and businesses (who are already struggling in the state) as well.
Let’s take a closer look at what the new tax could mean and why it’s not as good an idea as some are making it sound.
What is the New Carbon Tax Proposing?
Introduced by the Environment Committee, the Connecticut Legislature 2017 Bill H.B. 7247 aims to establish a carbon price for fossil fuels sold in the state. The fees would be collected based on fuels sold in this state.
For the first year, January 1, 2019 through December 31, 2019, the rate will be $15 per ton of carbon dioxide released by burning such fuel and increase each year thereafter by at least $5 per ton.
Reasons a CT Carbon Tax is a Bad Idea
Not only will these tax increases get astronomical as the years that pass, it also has an immediate threat. As prices to fuel transportation rise, consumers will see increases at the pump, the grocery store and more! We’ll also see job loss and push more businesses out of the state.
While the hope is to reduce emissions by swaying the use to renewable energy sources, reports have shown that, “even if all countries stopped emitting CO2 entirely, the Earth would continue to gradually warm, before cooling off.” Even if consumption changes happened in CT, it would make a very insignificant impact when compared to China and India who dominate carbon emissions.
How You Can Help
If you agree that this bill would only be expensive and not really help the environment, then you must speak up. Find your state legislators and write to them about stopping the passing of this bill.