Filed under: Legislation and PolicyRep. John Dingell (D-Dearborn, MI) has created a legislative proposal to reduce greenhouse gas emissions as much as by 60 to 80 percent in 2050. How? By creating a tax on fuels and CO2 emissions. The amount: $50 per ton of CO2 and 50 cents a gallon for gasoline. It will include the elimination of tax exemptions for large homes as well. Dingell also supports the Hill-Terry initiative that is trying to raise mileage standards by 40 percent in 2022.
"In order to reduce greenhouse gases and make the planet safe and healthy for future generations it will take a significant investment from all of us," Dingell said. "A fee on carbon emissions requires a tithe from all citizens and industries, but no one entity will be unfairly leveled with a devastating burden. More importantly, it provides an incentive for change in our economy and our way of life. I welcome public input on how this policy proposal can best balance our environmental and economic concerns and I look forward to receiving feedback."
Citizens can add their feedback on his Congress webpage (follow the Read link). However, the question is how this initiative will move ahead as next year elections approach?
BOLD MOVES: THE FUTURE OF FORD Step behind the curtain at Ford Motor. Experience the documentary first-hand.