Would many of the state’s largest polluters be exempt under I-1631?
Yes, 6 of the 10 largest polluters in Washington – including a coal-fired power plant and power from out-of-state coal plants would be exempt from I-1631’s new taxes. In addition, pulp and paper mills, aluminum and steel manufacturers, aircraft manufacturers and many other large corporate emitters would be totally exempt from I-1631 and would be protected from any associated fuel and electricity costs under I-1631. These unfair exemptions leave Washington families, small businesses, farmers and consumers to pay the billions in new taxes under I-1631, while large corporations and polluters pay nothing.
How much would I-1631’s new taxes cost Washington consumers?
A state analysis shows that I-1631 would cost Washington consumers more than $2.3 billion in the first five years alone. And, I-1631’s escalating tax would increase every year indefinitely – with no cap.
Does I-1631 have a specific plan to reduce greenhouse gas emissions?
No. I-1631 provides no clear guidelines or specific plan for how its unelected board of political appointees would spend billions in taxpayer dollars collected under this new energy tax on Washington families. There is no requirement to spend money on directly reducing greenhouse gases, and no assurances that I-1631 would be effective at addressing climate change.
Does I-1631 provide accountability for how its billions in tax dollars will be spent?
No. I-1631 creates a huge new state bureaucracy involved 14 state agencies and costing more than $27 million in the first five years alone. Its unelected, appointed board and several “investment panels” would have broad authority to spend billions in taxpayer dollars with little legislative oversight or accountability. I-I-1631 is essentially a $2.3 billion blank check for an unelected board of political appointees to spend however they choose.