http://www.press-citizen.com/story/opinion/readers/2016/06/29/consider-carbon-fee-dividend-system/86524300/:

Consider carbon fee and dividend system

In early June, the House of Representatives considered a resolution stating a carbon tax would be detrimental to the U.S. economy.

The main concerns were that it would raise energy costs, hurt America’s global competitiveness and disproportionately harm low-income families and the elderly. I share these valid concerns. They are all resolved, however, by a program of fee and dividend for CO2 emissions. This system would require a fee for all fossil fuels extracted from the ground or imported based on their CO2 emissions and return this revenue to American families evenly as a dividend.

There would be no revenue pulled out of the economy into government coffers. Households below median income would have their increased energy costs offset by the dividend, and there would be a progressive incentive to wean off fossil fuels. A border adjustment would be placed on imported and exported goods to eliminate any competitive disadvantage for products paying their true carbon cost. It would allow the free enterprise system to efficiently guide us to a low carbon future. A detailed discussion of this idea can be found at citizensclimatelobby.org.

Please contact your representatives and encourage them to consider a carbon fee and dividend system.

James McCoy

Iowa City


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