SMC Board Endorses Carbon Tax
October 8, 2020
Santa Monica College (SMC) Board of Trustees unanimously passed a resolution at their meeting on Tuesday night, Oct. 6 that urges Congress to approve HR 763.
The Energy Innovation and Carbon Dividend Act would impose a fee on carbon emissions at their source, with costs passed on to the consumer and fees collected distributed to American households in the form of a dividend.
HR 763 is projected to reduce the nation's carbon emissions by at least 40 percent in the first 12 years and to create 2.1 million new jobs by driving economic growth.
Congressman Ted Lieu, who represents California's 33rd congressional district (it includes Santa Monica), is one of the 80 sponsors of the legislation. Endorsers of HR 763 include the City of Santa Monica, the Los Angeles County Board of Supervisors, and numerous other local community/civic leaders, groups and organizations.