Friday, May 08, 2009

Cap and Dividend

Dear Congressman McDermott,

I have been following the carbon tax debate, and I have been reading Peter Barnes from On the Commons. Rep. Peter Holt has introduced H.R. 1862, the Cap and Dividend Act of 2009. I would like to ask you to co-sponsor this bill, which I believe is moving in the right direction.

The purpose of the act is "to cap the emissions of greenhouse gases through a requirement to purchase carbon permits, to distribute the proceeds of such purchases to eligible individuals, and for other purposes."

The model used is already in place in Alaska, where profits from the sale of the oil fields are provided to the citizens of Alaska as an annual dividend. The system provides a higher state of living for the people of Alaska. I think we can use this model to provide a better quality of life to everyone in the US. You can learn more about the concept at the Cap and Dividend website.

I would like to know your thoughts on this bill, and whether you would be willing to sign on as a co-sponsor.

Chad Lupkes
Seattle, Washington

No comments: