Dividend Delivery Laser Talk

This page was updated on 05/31/18 22:20 CDT.

Question:  How is the Carbon Dividend going to be delivered to households?

Answer:  The Carbon Dividend is one of the three legs of our policy, so it’s important to get it right. CCL commissioned an expert study to dive deeply into how this would be done. [1] Our goal is to minimize administrative cost and make it work smoothly for everyone involved, while still getting the money to as many households as possible.

The expert study confirmed that remitting the Carbon Dividend directly to households is, as we had anticipated, the least costly and least burdensome way to deliver the revenue.

All the fees collected from fossil fuel suppliers go into a Carbon Fee Trust Fund which is managed by the Treasury or a private contractor. The entirety of that fund, after administrative overhead, is distributed to recipients, who are identified from existing tax records or through a special form submitted by those who haven’t filed income taxes.

Most recipients will get their Dividend in the form of a direct bank deposit or as money added to an existing government-issued debit card, with paper checks as a backup. Eligibility changes – births, deaths, adoptions, age changes – will be taken care of on a monthly basis, and any discrepancies between the money they are entitled to and what they have received will be reconciled on the next income tax return.

CCL is satisfied that these steps will make the Carbon Dividend delivery fair, flexible, universal, and highly visible to households.

  1. Lerman, A.H. “Paying Dividends From Carbon Fee Revenue To American Residents.” Working Paper commissioned by CCL (updated May 2018).

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Hey friend,
Please check this out on https://citizensclimatelobby.org.

Dividend Delivery,
https://citizensclimatelobby.org/laser-talks/carbon-dividend-distribution/

I hope you find this useful.