Martin LaLonde

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Lawmakers pitch carbon tax proposals

BARRE — A group of lawmakers plan to introduce legislation Tuesday that would tax carbon pollution and use the revenue to cut various taxes for Vermonters. Four bills were announced at news conferences Monday as part of a coordinated campaign to begin a conversation about a so-called carbon tax. Lawmakers say they plan to introduce four separate bills focused on reforming different taxes. At Capstone Community Action in Barre, Rep. Johannah Donovan, D-Burlington, said the legislation she will introduce will cut income taxes for Vermonters, small business and will double the Earned Income Tax Credit used by 43,000 low-income residents. “This bill cuts the tax rate for the bottom income bracket in half from 3.55 percent to 1.75 percent,” she said. Continue Reading →

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