What is Carbon Cash Back?
Carbon Cash Back is what YOU receive when the U.S. passes a Carbon Fee and Dividend climate policy!
This legislation assesses a fee whenever fossil fuels are extracted or imported. All the fee is rebated to Americans in equal shares.
How much will I receive?
In the first year, the carbon dividend will be about $16-24 per month, per adult. Households will receive half-shares for children under 19. As the carbon fee rises annually, your carbon dividend will also increase.
Monthly dividends shown are based upon an initial carbon fee of $15/metric ton on the CO2 equivalent emissions of fossil fuels, escalating by $10/metric ton each year.
How do I get my Carbon Cash Back?
First, help to get the legislation passed by telling your Representative and Senators you want legislation to create a “Carbon Fee and Dividend with a Border Carbon Adjustment”. Bills have already been introduced in both the House and Senate to do exactly that! Find their contact information at Elected Officials | USAGov
When it becomes law, if you file taxes, your carbon dividend will be distributed automatically each month in the same way your tax refund is mailed or direct deposited by the IRS. If you do not file taxes, you will need to fill out a simple form indicating your number of dependent children, your SS# or TIN, and where to send your payments.
Where does this money come from?
The fossil fuel industry! When coal, oil, and natural gas are extracted from the earth or imported, a fee will be charged based upon the amount of greenhouse gas they will emit when burned. This fee will be rebated to Americans to use as they see fit.
To protect American jobs, a border carbon adjustment will incentivize other countries to adopt their own carbon fee policy or else pay an import duty. A carbon fee with a dividend to all U.S. households will supercharge all other efforts to reverse global warming.
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