cap-and-dividend

Biking would win big under Oregon Climate carbon tax plan

Michael Andersen (Contributor) by on February 26th, 2015 at 11:27 am

A new advocacy group is angling for Oregon to use its moment as one of the only fully Democratic-controlled state governments in the country and pass the country’s first statewide carbon tax.

The group, called Oregon Climate, is pushing a concept called “tax and dividend”: instead of sending the proceeds into government coffers, all of the revenue collected from wholesale fossil-fuel transactions — gasoline to a distributor, coal to a power plant, and so on — would be pooled and divided evenly among Oregonians in the form of checks worth an estimated $500 to $1500 per year.

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