LC 2.20 Lincoln Carbon Taxation Act (Statute)

[S019]

Section 4 can use an amendment, as can 6, should I just scrap 6 entirely

If someone works on this, I would appreciate it

[S019]

I'll propose an amendment

A Bill to Institute Cap-and-Trade Across Lincoln

1. The government of Lincoln shall set a cap on greenhouse emissions, this cap shall decrease annually by 15%
2. The initial cap shall be set by the incumbent Governor of Lincoln, when this bill is passed
3. Companies shall buy and sell permits to emit greenhouse gases, a company cannot emit greenhouse gases, if it does not have a permit. Initially, permits must be purchased from the government of Lincoln, for the price of $150 per permit, businesses may not sell permits to other companies for less than $70
4. The top 15% of businesses that emit the most greenhouse gases, shall be required to pay a penalty tax of 15% 10% of their total value as a business to the government of Lincoln, for contributing to uncontrollable climate change
5. Electricity distributors must produce 45% of their energy from renewable sources by 2030
6. The government of Lincoln shall grant a subsidy of $75 $60 billion to the wind energy industry and $85 $70 billion to the solar energy industry, these subsidies shall be paid for by Lincoln reducing its AtlasCare benefits by $90 billion, the other $70 billion shall be raised from a hike of 120% on all existing Lincoln toll roads the method for funding these subsidies shall be determined in Lincoln's annual budget.
7. 42% of all vehicles produced in the region of Lincoln must be electricity powered, by the year 2025

8. This bill takes effect, six months after being signed by the governor

Sponsor: S019

Debate time for this bill has started and shall last for no less than 72h

This is my take on how to fix this. Feel free to propose amendments!!

[S019]

Was there a model bill that the 42% figure came from?

Don't remember, I took Senate Dems Cap and Trade bill and made it simpler and less extreme

[S019]

I oppose this legislation for the same reasons I opposed the Lincoln Carbon Act.

What were those reasons

[S019]

I'm open to amendments


This is a good idea, so, let's not rush it to a final vote

[S019]

Friendly


We are fighting climate change and rasing revenue


And I'd rather have this type of tax, then a property or income tax


Also I'd recommend using the customary system, not the metric one

[S019]

Aye


Sadly, the left will raise taxes, and I'd rather said hikes, fight climate change, than raise people's income or property taxes