Tax Cuts, Funded by a Revenue Neutral Carbon Tax
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Government recently introduced legislation to implement a revenue-neutral carbon tax based on greenhouse gas emissions from fossil fuel combustion, effective July 1, 2008.
This is an important tax shift. By law, government must show how all of the carbon tax revenue flows back to individuals and businesses as tax reductions. To ensure this occurs, the government is legally compelled to table an annual public plan that clearly outlines how every cent of carbon tax revenue will be balanced by a corresponding tax reduction.
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Climate Action Links
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