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A Revenue Neutral Carbon Tax Plan

The table below contains the first plan that demonstrates how the carbon tax will be recycled. In future years this plan will be a legislated requirement. Revenue neutrality means that there must be tax reductions that fully recycle the estimated revenue from the carbon tax in a given fiscal year. The plan shows estimated revenue from the tax for the next three fiscal years and tax measures that will recycle at least that amount of revenue in each year.

In the future, the plan will also show how any excess carbon tax revenue collected in earlier years will be returned to taxpayers.

Table.

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