They say that it will raise the incomes of working Americans by sending them a government check
Today, @JeffFlake and I introduced landmark bipartisan legislation to raise the incomes of the working and middle class by sending all Americans a monthly carbon dividend check.
— Senator Chris Coons (@ChrisCoons) December 19, 2018
If Coons wants to lead, when will he give up his own use of fossil fuels and make his life carbon neutral? Oh, right, right, he’s rich, and can afford to keep living his life the same. He’ll just pay a small penalty or carbon offset for his own bad behavior.
It will be funded by an economy-wide price on carbon and other GHGs – a comprehensive way to reduce emissions, spur innovation, and create jobs.
— Senator Chris Coons (@ChrisCoons) December 19, 2018
From Coon’s webpage
U.S. Senators Chris Coons (D-Del.) and Jeff Flake (R-Ariz.) today introduced bipartisan legislation to pay a monthly dividend to every American family.  The Energy Innovation and Carbon Dividend Act places an increasing price on carbon and other greenhouse gas emissions, designed to drive down pollution, address climate change, and encourage market-driven innovation in clean energy technologies.  Revenues received will be returned directly to the American people in the form of a monthly dividend, protecting energy consumers and low- and middle-income households. The legislation aims to help accelerate American innovation to advance clean energy solutions, incentivize our trading partners to lower emissions, and prevent thousands of pollution-related deaths annually. A related bill was introduced in the U.S. House of Representatives by Congressmen Ted Deutch (D-Fla.), Francis Rooney (R-Fla.), John Delaney (D-Md.), Brian Fitzpatrick (R-Penn.), and Charlie Christ (D-Fla.).
“Climate change is a serious threat to our economy, our security, and our way of life, and we need leadership from all parts of our society and government to tackle it,â€Â said Senator Coons. “Putting an economy-wide price on carbon and other greenhouse gases is a comprehensive way to reduce emissions, spur innovation, and create jobs. I am proud to introduce this legislation with my good friend Jeff Flake, who has long been a champion of market-based climate legislation since his days in the House.  I am hopeful that we will continue to have bipartisan conversations about addressing this issue.†(snip)
A one-pager on the bill is available here.
The bill text is available here.
Let’s take a quick look at that one pager
Carbon Dividend – The legislation rebates 100% of net revenues from the carbon fee to the American people as a monthly dividend. This protects consumers and the economy, maintains revenue neutrality, and offsets cost increases for most Americans, including low- and middle income Americans. An equal share is provided to all adults with a Social Security Number or Taxpayer Identification Number and a half share is provided on account of children. Additionally, the first payment is made one month in advance so that families and households are able to cover any increased energy costs.
In essence, he and the others are admitting that this will drastically skyrocket the cost of living for low and middle income Americans. So Government gives money to citizens, which makes them more reliant to Government, and more under the thumb of Government. Funny how that works.
You've utterly abandoned any semblance of conservatism due to your #TrumpDerangementSyndrome, eh?
— William Teach2 ??????? #refuseresist (@WTeach2) December 20, 2018
Apparently, getting serious about ‘climate change’ means artificially increasing the cost of living, hosing the middle and lower classes, and increasing the power and scope of the federal government.
This will, of course, never see the light of day in the GOP run US Senate.
