Here is what United States Representative from Michigan John David Dingell, Jr., chairman of the Energy and Commerce Committee had to say about the distribution of any carbon tax or cap and trade revenue:
Quote:
Revenue generated by the legislation [carbon tax or cap and trade] will flow to an expansion of the Earned Income Tax Credit. This, according to Rep. John Dingell (D-MI),, helps lower income families compensate for the increased taxes on fuels. The revenue from the gas tax will go into the highway trust fund, with 40% going to the mass transit and 60% going to roads. The revenue from the tax on jet fuel goes into the airport and airway trust fund.
The revenue from the fee on carbon emissions will go into a variety of accounts, including:
* Medicare and Social Security
* Universal Healthcare (upon passage)
* State Children’s Health Insurance Program
* Conservation
* Renewable Energy Research and Development
* Low Income Home Energy Assistance Program
http://www.carbontax.org/
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If they were serious about how in peril the earth was, wouldn't they put ALL of the carbon tax money into carbon reduction and alternate energy strategy's?