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February 6, 2018

CT Lawmakers Push For Carbon Tax

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Amid Connecticut’s revolving budget crisis, a group of Connecticut lawmakers again are exploring a carbon tax:

Last year, they proposed a fee of $15 a ton on carbon pollution that would be levied on coal, oil, natural gas, propane, or any other petroleum products. It would also be levied on electricity generators that use fossil fuels. The bill died in committee after a public hearing.

Opponents warn that the proposal could send energy costs soaring and hit consumers with a spike in gas prices like those predicted under California’s cap and trade system.

Connecticut residents are facing a slew of possible new hits to the cost of living, from the carbon tax proposal to new suggestions to raise the gas tax and implement electronic tolls.