Washington State Carbon Tax - Measure 732.

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:Mindbaugh:

Okay, so I went in like "I'm going to get more information on this before I throw it in the bushes, so I went to the YES ON 732 WEBSITE in order to give them the benefit of the doubt"

yeson732.org/faq/

I-732 encourages clean energy solutions by shifting the tax burden onto carbon pollution and away from regressive and burdensome taxes that hurt families and businesses:

  • A $25 per ton tax on the carbon pollution from fossil fuels.
  • A one percentage point reduction in the state sales tax — saving hundreds of dollars per year for an average household in Washington.
  • Funding the Working Families Tax Rebate to provide up to $1,500 a year for 460,000 low-income households.
  • Keeping living-wage jobs in our state by lowering the Business & Occupation tax on manufacturing from as much as 0.484 percent to 0.001 percent of gross receipts, effectively eliminating the tax.

Okay, so theyre using the language of "shifting" which is at times a red flag but okay

Why do we need Initiative 732?

We have a moral responsibility to our children and future generations to protect them from global warming and climate disruption....​

...i wont argue this either way, its honestly not relevant to the financial decision making i am doign

3.How much does climate change cost Washington State?
reported that “costs to Washington from climate change impacts are projected to reach nearly $10 billion per year by 2020 and $16 billion per year by 2040. These totals reflect increased coastal and storm damage costs, increased energy-related costs (reduced hydropower production and increased demand), increased wildfire costs, increased health-related costs, costs associated with reduced water availability, and other impacts.” Climate action can’t wait. I-732 provides an effective way to begin curbing the environmental impacts and costs associated with climate change.​


More heart strings...:scustbaugh:


Meat and Potatoes time:

6.How will the carbon tax be calculated and implemented?

A carbon tax is a tax on fossil fuels based on the amount of carbon dioxide produced when those fossil fuels are burned. A $25 carbon tax would raise the price of gasoline by about 25 cents per gallon and the price of coal-fired electricity by about 2.5 cents per kilowatt-hour. :wtf: Electricity from natural gas is cleaner by half and so would face a tax rate only half as large. Renewables like hydro, wind, and solar are carbon-free and would pay no tax. This will help make clean energy even more appealing than it is today.

The carbon tax will be paid “upstream” by power plants and fuel importers. They are likely to pass cost increases along, :Theymadbaugh: so consumers are likely to see price increases for purchases like gasoline and coal-fired power. Consumers will also see price reductions on other items they buy because of the sales tax cut.:lolbaugh:​





There it is folks....as a relatively fiscal conservative, and a social liberal for most intents and purposes, this is the shyt that makes the GOP disgusted...When you get past the social responsibility and heart string tugging


This measure is to raise the gas tax BY TWENTY FIVE CENTS A GALLON and increase energy costs so POWER PLANTS AND FUEL IMPORTERS will "pass savings along"....literally, it is like reverse GREEN TRICKLE DOWN ECONOMICS



Wtf brehs
 
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No1

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:Mindbaugh:

Okay, so I went in like "I'm going to get more information on this before I throw it in the bushes, so I went to the YES ON 732 WEBSITE in order to give them the benefit of the doubt"

yeson732.org/faq/

I-732 encourages clean energy solutions by shifting the tax burden onto carbon pollution and away from regressive and burdensome taxes that hurt families and businesses:

  • A $25 per ton tax on the carbon pollution from fossil fuels.
  • A one percentage point reduction in the state sales tax — saving hundreds of dollars per year for an average household in Washington.
  • Funding the Working Families Tax Rebate to provide up to $1,500 a year for 460,000 low-income households.
  • Keeping living-wage jobs in our state by lowering the Business & Occupation tax on manufacturing from as much as 0.484 percent to 0.001 percent of gross receipts, effectively eliminating the tax.

Okay, so theyre using the language of "shifting" which is at times a red flag but okay

Why do we need Initiative 732?

We have a moral responsibility to our children and future generations to protect them from global warming and climate disruption....​

...i wont argue this either way, its honestly not relevant to the financial decision making i am doign

3.How much does climate change cost Washington State?
reported that “costs to Washington from climate change impacts are projected to reach nearly $10 billion per year by 2020 and $16 billion per year by 2040. These totals reflect increased coastal and storm damage costs, increased energy-related costs (reduced hydropower production and increased demand), increased wildfire costs, increased health-related costs, costs associated with reduced water availability, and other impacts.” Climate action can’t wait. I-732 provides an effective way to begin curbing the environmental impacts and costs associated with climate change.​


More heart strings...:scustbaugh:


Meat and Potatoes time:

6.How will the carbon tax be calculated and implemented?

A carbon tax is a tax on fossil fuels based on the amount of carbon dioxide produced when those fossil fuels are burned. A $25 carbon tax would raise the price of gasoline by about 25 cents per gallon and the price of coal-fired electricity by about 2.5 cents per kilowatt-hour. :wtf: Electricity from natural gas is cleaner by half and so would face a tax rate only half as large. Renewables like hydro, wind, and solar are carbon-free and would pay no tax. This will help make clean energy even more appealing than it is today.

The carbon tax will be paid “upstream” by power plants and fuel importers. They are likely to pass cost increases along, :Theymadbaugh: so consumers are likely to see price increases for purchases like gasoline and coal-fired power. Consumers will also see price reductions on other items they buy because of the sales tax cut.:lolbaugh:​





There it is folks....as a relatively fiscal conservative, and a social liberal for most intents and purposes, this is the shyt that makes the GOP disgusted...When you get past the social responsibility and heart string tugging


This measure is to raise the gas tax BY TWENTY FIVE CENTS A GALLON and increase energy costs so POWER PLANTS AND FUEL IMPORTERS will "pass savings along"....literally, it is GREEN TRICKLE DOWN ECONOMICS



Wtf brehs
That's not trickle down economics. They're not saying that by cutting certain taxes, it will encourage businesses to invest. It is behavioral economics, they are making it more costly to not be green. A logical person would then switch to other sources of power, and coal and gas would probably be as costly as the alternative sources of energy so there would be no point to keep using them.

FYI, it is impossible to be a social liberal and a fiscal conservative. That's only if you think being a social liberal is stuff like LGBT rights only. But if you have empathy for the poor, and think about things like poor schooling and lack of opportunity, that requires spending. Moreover, you have no state income tax.
 
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That's not trickle down economics. They're not saying that by cutting certain taxes, it will encourage businesses to invest. It is behavioral economics, they are making it more costly to not be green. A logical person would then switch to other sources of power, and coal and gas would probably be as costly as the alternative sources of energy so there would be no point to keep using them.

FYI, it is impossible to be a social liberal and a fiscal conservative. That's only if you think being a social liberal is stuff like LGBT rights only. But if you have empathy for the poor, and think about things like poor schooling and lack of opportunity, that requires spending. Moreover, you have no state income tax.
Its essentially trickle UP economics...

The problem though, is that .25/gallon is just HUGE. Its not just on the pump, its increasing everything that uses transportation for its logistics.

Its not impossible to have progressive mindset for rights and empathy for the poor and inclusion and things of that measure, but simply want RESPONSIBLE spending...
 

Scoop

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a lack of state income tax isn't a way to justify ALL other taxes. WA is among the worst for fees and other millages that make a real cost of living here pretty high...before adding a quarter to fuel costs

Drive less. I don't even own a car. Especially if you're in Seattle or Bellevue you don't really need to drive often.
 
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Drive less. I don't even own a car. Especially if you're in Seattle or Bellevue you don't really need to drive often.
I drive less than 500 miles a month, bus daily, walk reguarly. Thats not the point. this isn't just about the cost at the pump

The price for the bus will go up
The price for uber will go up
The price for postmates
The price for shipping and other logistics will go up
The price for trucking will go up

The gas tax +.25/gallon isnt just at the shell station

"Do stuff to avoid the tax" isn't a legit answer when voting NO is what will avoid the tax in the first place.
 

88m3

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A lack of tax X isn't a way to justify tax Y

I don't see how you're getting a bad deal if we're taking what you've posted at face value. If you don't begin to do something to offset climate change in your state although I think this should be addressed or also addressed at the Federal level what do you think is going to happen to your property taxes(grated they don't just institute a state income tax)? I'm not some gung-ho pro tax guy either, I have a business so I understand and see the negative consequences. It seems like they're trying to use the tools that they have to strike a balance. You don't have a state income tax! I pay city, state, and federal taxes in one of the heaviest taxed places in the country.
 
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