Greenhouse Gas Emissions Tax and Infrastructure Investment Act
This act introduces a new tax on greenhouse gas emissions from fossil fuels, industrial processes, and certain products. The collected funds will be allocated to a trust fund supporting infrastructure modernization, environmental protection, and climate change adaptation projects. Additionally, the act provides assistance for energy sector workers who may be displaced due to these changes.
Key points
New Greenhouse Gas Emissions Tax: Increased costs for companies producing or importing fossil fuels, as well as for certain industrial sectors and manufacturers of specific products, potentially impacting prices of goods and services.
Infrastructure Investments: Significant funds will be allocated to improve roads, bridges, airports, and urban transportation systems, which could enhance travel and goods transport efficiency.
Worker Support: Retraining programs, relocation assistance, and health benefits for energy sector workers who may lose their jobs aim to mitigate negative impacts.
Flood Protection: Funding for projects to mitigate frequent flooding, potentially increasing safety for residents and their property in at-risk areas.
Repeal of Federal Fuel Taxes: Elimination of federal motor vehicle and aviation fuel taxes, which may affect fuel prices.
Expired
Citizen Poll