“Occupy” endorses I-732

Occupy.com has posted a story about “6 ballot initiatives to watch in 2016.” Author Matt Stannard calls I-732 “absolutely the most important initiative in the country.”

From the story: “At the top of the list is the first and only carbon tax and rebate initiative in the United States, an idea championed by a variety of advocates across a wide ideological spectrum. Over a two-year period, Initiative 732 would institute a $25 per metric ton of CO2 consumed in the state. The proposal also reduces state sales taxes across the board by 1 percent; this makes sense because sales taxes are regressive for no socially defensible reason, while the carbon tax at least has a purpose. Even better, the proposal provides up to $1,500 per year in the form of a tax rebate to 400,000 of the lowest-income Washingtonians – the people most likely to fear a post-carbon transition for legitimate economic reasons.”