Tell Congress: Pay for infrastructure. Protect our environment. Price carbon.
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We badly need new infrastructure investment. Our roads, bridges, airports and water systems are deteriorating, and we need to invest in rural broadband. Our failure to make these investments threatens our safety and the U.S. economy.
But the Trump administration’s plan to pay for all of this is widely dismissed as a non-starter. The White House wants 80 percent of the funding to come from state and local governments and the private sector.
The best way to finance this important work is a simple and transparent carbon fee. A $49-per-metric-ton fee, increasing by 2 percent a year over inflation, would generate $2.1 trillion over ten years. Even after rebating a portion of the revenue to lower- and middle-income households to compensate them for slightly higher energy costs, there would still be more than $1 trillion left to fix our failing infrastructure. This is three times the revenue that would be generated by a 25-cents-per-gallon hike in the gas tax, which some in Washington are proposing!
We have been subsidizing the burning of carbon for far too long. It worsens lung cancer, heart disease, asthma, and other health problems—and all that carbon dioxide is also heating up our planet. By putting the price of carbon at a more honest level, we could accelerate the inevitable transition to clean energy and reduce carbon’s increasingly high costs to society.
Tell Congress today: Create infrastructure jobs and unleash energy innovation with a carbon fuel fee!
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