Juliet O'Neill, Canwest News ServicePublished: Thursday, June 19, 2008
OTTAWA -- Liberal Leader Stephane Dion's proposal today for a national $10-a-tonne carbon tax sets the stage for a fierce political debate -- possibly the main issue in a federal election campaign -- over how much Canadians are willing to pay to reduce their reliance on fuels that cause climate change.
The Liberal carbon tax would rise $10 annually for four years, topping out at $40 per tonne. Income taxes would be lowered to compensate for higher prices for home-heating fuel, coal-fired electricity and other carbon sources. And a law would be proposed requiring every single penny of carbon-tax revenues be returned to taxpayers.
Gas at the pumps would not be raised, at least in the first year.
Taxpayers will be able to study the detailed plan and how it would affect them at http://www.thegreenshift.ca/ after Dion's anticipated announcement.
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