A revenue-neutral carbon tax campaign is gathering signatures to promote both clean energy and fairer taxes in Washington State.
Initiative 732 would bring the issue to the Legislature, forcing lawmakers to either pass the measure in spring 2016 or send it to voters on the November 2016 ballot.
I-732 encourages greater use of clean and renewable energy by taxing carbon pollution and accelerating the adoption of renewable energy, such as solar and wind power. It would also lower the sales tax rate by a full percentage point. Washington has the most regressive tax code in the nation, and people with the lowest incomes pay the greatest percentage of their income in taxes. I-732 would help make our state tax code more progressive.
The initiative would:
- Add a tax to fossil fuels
- Cut the state sales tax by 1 cent per dollar
- Reduce the B&O tax on manufacturing
- Provide a tax credit of up to $1,500 a year for 400,000 low-income households
I-732 has bipartisan support, including Bill Finkbeiner, former Republican Senate Majority Leader, Ron Sims, former King County Executive, and Mike McGinn, former Seattle Mayor.
Please sign the petition if you see them in public, or visit carbonwa.org to donate funds or volunteer your time in the field.