The carbon tax will place even more pressure on Washington families and reduce job growth. We should lead the world by continuing to reduce emissions through collaboration and innovation.
YOUR VOTE MATTERS
No on 732 is a campaign to highlight the tremendous progress Washington families, workers, farmers and employers have made in reducing carbon dioxide emissions and to oppose the harmful carbon tax.
We are a collection of families, workers, farmers, and employers who make Washington’s communities thrive. Like all Washingtonians, we value the protection of the environment and are committed to preserving it for future generations. While we all agree on the objective, we can differ on the solutions to achieve that goal.
Initiative 732 proposes the creation of a carbon tax that will almost immediately increase the price of a gallon of gas by $.25. This is on top of the recent gas tax increase of $.12 approved by the Washington State Legislature. Yet, unlike the gas tax, the carbon tax gas price increase does not put any money back into relieving our congested highways and bridges or provide new transit options.
Initiative 732 will put even more strains on household budgets. It increases the price of electricity in 2020 by 5% and natural gas by 15%. In 2040, those numbers increase to 7% and 29%. In total, the I-732 energy tax results in an additional $448 per year in energy costs, rising to $695 per year, making it harder on Washington families already struggling to keep up with living expenses.
Besides its impact to Washington families, Initiative 732 is poorly worded and will take money away from state investments in education and health care. State economists estimate that I-732 will reduce state revenue by $800 million.
This is all unnecessary. Washington has shown how to lead the way in reducing carbon emissions. The commercial and industrial sectors in Washington emit 18 percent less carbon than they did 26 years ago – despite a 260 percent growth in the state economy over that same period.
No On 732 is saying “no” to risky carbon-pricing schemes like Initiative 732. We can continue to lead the world by further reducing emissions through innovation and collaboration.
Read about the full impact of I-732 here.