Institute carbon tax to cut greenhouse pollution

The U.S. National Climate Assessment has reiterated the devastation of the U.N. Intergovernmental Panel on Climate Change. The cost of mitigating and repairing damage from climate change is increasing worldwide. In the Northeast, sea level rise in conjunction with flooding from intense storm events costs taxpayers hundred of billions of dollars in repairing damage and adapting to an increasingly hostile environment. Meanwhile, the American economy is falling behind when it comes to the emergence of renewable energy technology. Greenhouse gas pollution must be internalized into fossil fuel price.

An upstream 100 percent revenue neutral carbon tax can create the necessary market signal for investment in renewable energy while returning dividends to homeowners. A carbon tax incrementally internalizes the environmental destruction of greenhouse gas emissions into the cost of energy. It is an egregious crime to allow greenhouse gas pollution to bankrupt the taxpayer while fossil fuel companies receive government subsidies to increase their record profits. Legislators seek the political will for climate legislation.

Now is the time to demand that our government protect people's interest over corporate profits by instituting a carbon tax.

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