In order to correct the failure of our markets to properly account for the hidden costs of burning fossil fuels within the price of fossil fuels, we are calling on the Obama administration to support a revenue neutral tax on carbon. Starting at $15/ton and increasing annually by $10/ton this tax would be assessed at the source of entry into the U.S. economy. To shield citizens from the financial impact 100% of the revenue collected must be returned to households by means of a rebate check. Additionally, a border tax must protect domestic industries. This clear price signal drives both supply and demand side efficiencies, speeds our transition to a green economy and unleashes our free markets to compete against the government-subsidized green economies of Germany and China.
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