According to the New York Times, "British Columbia’s economy did not collapse. These results are automatically generated from Google. Their approach would be worse than what is on Washington’s ballot. Whether I-732 succeeds or fails, we hope that we can all work together to make sure that we unite behind ambitious and equitable carbon pricing as soon as possible. It was defeated. Carbon Washington, the campaign supporting Initiative 732, outraised opponents two-to-one. Redistricting, List of Washington ballot measures | Vulnerable families in communities near pollution hot spots and workers in energy intensive industries are hardest hit by pollution. The initiative’s approach is based on a carbon tax that British Columbia put in place in 2008. The money raised would be used to fund tax cuts and tax rebates throughout the state. Most manufacturing businesses are taxed at a rate of 0.484 percent of their gross income, but some manufacturers pay lower rates. Instead, I-732 imposes an accelerating carbon tax on businesses, with no provisions for compliance flexibility or energy-efficiency incentives. I-732 funds the Working Families Tax Rebate (WFTR), providing up to $1,500 a year to 460,000 low-income working families. Immigration | ... No on 732 Sponsored by the Association of Washington Business, American Fuel & Petrochemical Manufacturers, Energy policy is a major issue in Washington. After that, it would increase by 3.5 percent plus inflation each year until the tax rate reaches a maximum of $100 per metric ton, adjusted for inflation. We’re going to be on fire long before that… There was a point where I was crying about this. The rest of Canada reduced per capita emissions 3.7 percent during the same period. Initiative 732 would place an initial $25 fee per metric ton on carbon dioxide emissions. It is time to recognize that we are getting rather close to that brick wall. | The state did, however, have a goal of reducing emissions to specific levels by a particular year since 2008, when the state legislature passed statutory emissions limits in order to reduce Washington's overall greenhouse gases to 1990 levels by 2020, 25 percent below 1990 levels by 2035, and 50 percent below 1990 levels by 2050. [71] Others claimed the province's carbon tax had little impact on carbon emissions. ... As atmosphere, ocean, and earth scientists we are deeply concerned about the consequences of man-made climate change. It accelerates the shift to clean energy like solar, wind, and hydropower. Some businesses will simply move their jobs and pollution across state lines. And it makes the tax system fairer and more sustainable by using the carbon tax revenue to reduce the sales tax and other regressive and burdensome taxes that hurt families and businesses. INITIATIVE 732 p. 1 INITIATIVE 732. Healthcare | Marc Lee, Senior Economist for the Canadian Centre for Policy Alternatives, said, "... don't believe the hype on B.C. Under this system, emissions would be capped at a certain level, and states would be able to "trade" the unused portion of their emissions allowance to other states. Ballotpedia features 319,543 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. For these fuels, the initial tax rate would be 5 percent of the tax rate imposed on other fuels. Rather than being revenue neutral, I-732 is revenue negative. About 75% of I-732 revenues will be spent funding these two budget items. The tax would have been phased in more slowly for farmers and nonprofit transportation providers… Voters rejected Initiative 732 — Create Carbon Emission Tax — in Washington on Tuesday. The government must divert the revenue according to the wishes of specific interest groups. [78], There were five petitions filed, and signatures were submitted for one (Initiative Measure No. 's GHG emissions have increased every year; as of 2013 they are up 4.3 per cent above 2010 levels." 1 (3) The proceeds of the carbon pollution tax are not intended to 2 be used for highway purposes and must be deposited into the state 3 general fund pursuant to RCW 82.32.380. I-732 fights climate change by making big polluters pay. This results from implementing a new carbon tax, reducing the state retail sales tax rate by 1 percentage point and reducing certain manufacturing business and occupation taxes. That would eventually give Washington one of the highest prices on carbon in … Editor's Note: Washington begins mailing ballots to voters on Oct. 21. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; Communications: Kristen Vonasek • Kayla Harris • Megan Brown • Mary Dunne • Sarah Groat • Heidi Jung Initiative 732 would incentive clean-energy technology competition and accelerate the transition to renewable energy by putting a tax on fossil fuels. Emissions fell in the years following before rising again until 2007, when emissions began plummeting. 88% reporting [2][3] In 2011, Washington ranked 28th in carbon emissions nationwide. There is no state tax on carbon dioxide emissions in Washington. Campaign finance requirements, Who represents me? This initiative allows teachers and other school district employees to receive cost-of-living salary adjustments. Dallas Burtraw. The state Department of Revenue would adopt rules for calculating the amount of carbon dioxide emitted for each type of fuel and fuel use and for paying the tax. Superior Courts | [65], In March 2016, the department withdrew its proposal for a mandatory emissions cap. State legislature | These groups, as represented by Front & Centered, are strongly opposed to this particular ballot measure. Other arguments in support of the measure included: Cliff Mass, Professor of Atmospheric Sciences at the University of Washington, Howard Behar, former President of Starbucks, Sharon Nelson, former Chairman of the Washington Utility Commission and Consumer Reports, former Senate Majority Leader Bill Finkbeiner (R), Rogers Weed, former Director of the Washington State Department of Commerce, and Ramez Naam wrote the argument in support of Initiative 732 found in the state's voter guide. The measure called for taxing the sale or use of certain fossil fuels and electricity generated from fossil fuels. I-732 would exempt "[fuel] intended for export outside the state" from the carbon tax. Initiative 732 proposes the creation of a carbon tax that will almost immediately increase the price of a gallon of gas by $.25. It can raise much-needed resources for clean energy research and development and transit; it can help us invest in communities that will be the hardest hit by climate impacts. [76], The Sightline Institute, a nonprofit organization focusing on the environment and politics, examined the OFM's and Carbon Washington's economic assumptions and concluded, “I-732’s net impact on state tax revenue is almost certainly within the margin where all we can say for sure is it is very close to revenue neutral.”[7], Overall, the OFM argued Initiative 732 would decrease state revenue $200 million or 0.95 percent per year. At a time when we are struggling to maintain good jobs and fund basic services, I-732 would send Washington in the wrong direction. Washington Carbon Emission Tax and Sales Tax Reduction, Initiative 732 (2016) - Google News. I-732 doesn’t do any of this. For a summary of in-kind donations, click here. Therefore, two tax credits, costing about $421 million, would be distributed around June 30, 2018. Presidential results are updated as of Feb. 2017. The top donor to the "Yes" campaign was entrepreneur Peter Kelly. ★ Initiative 732: Add an external link to your content for free. Vote Yes on I-732. , carbon Washington issued a statement on April 21, 2016 ( I-732 ) relative to the Governor Legislature... Change now and leaving them a cleaner washington initiative 732 healthier, safer world explaining their position tax would. Chose to `` not support position concerning Initiative 732 would incentive clean-energy technology competition would exported! 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