Details of the Horrible Carbon Tax Bill

Democrat Florida Congressman Ted Deutch has introduced a carbon tax bill to impose a new national energy tax on the American people. The bill is a massive tax increase which will increase utility bills and the price of all products and services. In classic politician-speak, Deutch has dubbed it “The Energy Innovation and Carbon Dividend Act of 2018.”

Voters across the USA — even in blue areas — have consistently rejected carbon taxeswhen faced with the issue at the ballot box. See the timeline here. On top of that, Paris is burning as hundreds of thousands of French citizens — yes even the French — protest that country’s own carbon taxes.

Despite all this, Democrat Deutch just can’t take a hint. Let’s look at the details of Deutch’s horrible bill:

Imposes a massive and continually racheting national energy tax, allowing politicians to raise taxes without ever having to vote. Just like the French proposal that starts with a big tax that gets more oppressive with time, the bill imposes a $15 per ton carbon (energy) tax, increasing by $10 per year into the future. Within five years the tax would automatically rise to $55 per ton. For reference, the carbon tax handily rejected by blue Washington state voters in November started at $15 and ratcheted up by $2 per year. Perhaps Deutch thinks the voters just want to be taxed at even higher rates.

Shovels taxpayer money into a giant vat for IRS, EPA, and State Department bureaucrats. The IRS and EPA will develop a cozy relationship — and what’s not to love about that — to siphon cash from the vat of taxpayer funds for what the bill calls “Administrative Expenses” and “Other Administrative Expenses.” For reasons unclear, State Department bureaucrats will also have access to the vat of taxpayer funds. What could go wrong?

Gives broad powers to IRS chief to find new products and entities to be carbon-taxed. The IRS is directed to work with the EPA in order to find more tax targets: “Any manufactured or agricultural product which the [Treasury] Secretary in consultation with the [EPA] Administrator determines” is a tax target. The newly-carbon-taxed items will be added to the long list already specified in the bill: Iron, steel, steel mill products including pipe and tube, aluminum, cement, glass, fiberglass, pulp, paper, chemicals, and industrial ceramics.

Gives broad powers to the EPA chief. The bill gives czar-like powers to the EPA chief including the power to impose “monitoring, reporting, and record-keeping requirements” on Americans. The bill also gives the EPA chief power to conduct investigations and force “information collection.”

Establishes a creepy DC-based “Carbon Dividend Trust Fund” that seeks a backdoor two-child limit on families. The “Carbon Dividend Trust Fund” leftovers will somehow be routed from DC on a per-person basis and households with more than two children are considered unworthy: The legislative language specifically imposes “a limit of 2 children per household.”

Here it is, straight from the bill text:

“A carbon dividend payment is one pro-rata share for each adult and half a pro-rata share for each child under 19 years old, with a limit of 2 children per household, of amounts available for the month in the Carbon Dividend Trust Fund.”

Gives broad powers to the Treasury Department to issue even more rules and regulations. The bill language states:

“The Secretary shall promulgate rules, guidance, and regulations useful and necessary to implement the Carbon Dividend Trust Fund.”

Imposes income tax on the carbon tax “dividend.” Yes, the government fleeces the taxpayers and sends the carbon tax money to DC, where it is siphoned off by bureaucrats. Then a leftover “dividend” is supposedly sent out to the countryside where it is then subject to income tax! Here is the bill language:

“(D) FEE TREATMENT OF PAYMENTS. — Amounts paid under this subsection shall be includible in gross income.

A tax on a tax, which will likely increase the complexity of your...

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