Inslees Proposes Carbon Tax on Energy Providers, Possibly Citizens
It's no secret Gov. Jay Inslee wants to be known as the 'greenest' governor in U.S. history. Tuesday, he unveiled his plan to once again push for a carbon tax that would likely affect producers and importers of electricity, natural gas and petroleum. What is NOT clear is whether you and I would be taxed for the emissions we generate.
Inslee's efforts have been thwarted so far by what was known as The Coalition, a group of 23 GOP and 2 Democratic Senators who've shot down his proposals. But due to one hotly contested Senate race near Seattle in the 45th District, Democrats how have a one-seat majority, while controlling the state House.
Inslee's plan contains two 'interesting' ideas:
"The governor proposes placing a tax on carbon pollutionassociated with the production and consumption offossil fuels in Washington state. Emissions generatedby transportation fuels and electrical generating unitsand through natural gas consumption would be taxedbeginning at $25 a ton as of May 1, 2018. The rateof taxation increases annually by 3.5 percent, plusinflation."
"The tax on fossil fuels applies to sellers andusers. It is levied on the first possession, meaningthat it would be imposed on any company thatgenerates or imports electricity, natural gas orpetroleum."