KENNEBEC JOURNAL • March 21, 2021
The Carbon Cashback 4ME initiative proposes a carbon fee to be paid by fossil fuel producers based on the quantity of carbon emitted by the fuels, and a monthly dividend to be returned to all households. A comment by a reader erroneously claimed that the policy was regressive. In fact, the lower-income two-thirds of American households would benefit proportionately more than the top third. The commenter also claimed that the government can spend it however it wants to. The legislation requires that all the fees be deposited in a trust fund that will be fully disbursed to American households monthly. ~ Cynthia Stancioff, Chesterville