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But Wait, There’s More: CT Dems Pitch Carbon Tax … Again

February 6, 2018 By Staff
But Wait, There’s More: CT Dems Pitch Carbon Tax … Again

Various Connecticut Democrats have pitched tolls, taxing marijuana, using hundreds of millions of dollars in tax hikes to balance the budget, and now a carbon tax, all in the last few days.

Connecticut is approaching budget season, and that means Connecticut Democrats are rolling out tax hike proposals like there’s no tomorrow.

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The latest major tax proposal came on Monday, according to reporting from CTNewsJunkie‘s Parker Fiske, and comes in the form of a re-heated pitch to institute a carbon tax in Connecticut.

A group of Connecticut lawmakers are again introducing a carbon tax, but they’re open to ideas about how to implement it.

Last year, they proposed a fee of $15 a ton on carbon pollution that would be levied on coal, oil, natural gas, propane, or any other petroleum products. It would also be levied on electricity generators that use fossil fuels. The bill died in committee after a public hearing.

Reclaim Connecticut covered the first iteration of this proposal, in 2017, and noted the tax would equal hundreds of millions of dollars per year, and the state could expect to see companies pass on some of the tax to consumers.

According to the U.S. Department of Energy, Connecticut emitted 35.1 million metric tons of carbon dioxide in 2014. If each metric ton were taxed at $15 a ton, fuel companies would be responsible for $526 million in new taxes on carbon emissions. It’s likely they would pass at least some of that on to consumers.

Reclaim Connecticut also pointed out that a carbon tax may be a solution in search of a problem, since Connecticut’s carbon emissions are among the lowest in the nation.

What’s more, even though the 35.1 million number seems high, Connecticut’s per-person carbon emissions are actually one of the lowest in the nation. This may raise the question, among some legislators, of whether a new tax on carbon emissions is truly necessary.

State Democrats join one of their colleagues at the federal level, Rep. John Larson (D-Conn.), in proposing hefty carbon taxes on Americans. Larson’s proposal from 2017 would have taxes Americans at a rate of $1.8 trillion over 10 years.

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