carbon tax

Supporters of a Vermont carbon tax say they've signed up the owners of more than 200 mostly small business owners who are advocating for the change.

A new coalition of environmental, business and advocacy groups has been launched in Vermont to push state legislators to impose a carbon tax. The coalition has released the results of a study that assessed the possible impact of a carbon tax on Vermont’s economy and carbon dioxide emissions.

Back in 1993, the original proposal from the Clinton Administration on how to close the budget deficits that they had inherited upon taking office included a revenue raiser called a BTU tax --- a tax on the amount of energy (measured in British Thermal Units) contained within all fuels sold.

Group Wants Mass. Carbon Tax On State Ballot

Jun 24, 2013
wikipedia commons

A group of environmentalists wants Massachusetts to be the first state to adopt a so-called carbon tax.

The Committee for a Green Economy tells the Boston Globe that it's launching a campaign to get the signatures needed to put the issue on the 2014 ballot.

The tax would impose new levies on gasoline and other fossils fuels, based on how much carbon dioxide they produce when burned. The aim is to fight climate change by reducing the use of fossil fuels. The committee says the tax could generate $2.5 billion in revenue annually.