Dividend Questions
Votes
Under Consideration
What questions do you have about how CCL proposes the dividend will be distributed back to American households?
9 Replies
Votes
My question relates to the collection of the fees.  Recently at a tabling event at a conservative gathering I was asked what govt agency will collect the fees, and how much will it add to their size/cost.  I replied that I understood that the total administrative cost will be 3%.  The gentleman was incredulous.  How do you recommend that I should answer this should it come up again?
Votes
Hi - If the dividend is treated as taxable income (as recommended in the PAYGO laser talk), I suspect the dividend would count against a retirees MAGI for Medicare surcharge purposes - is this correct? Would any of the other options discussed in the PAYGO laser talk lead to the dividend not be counted as MAGI for Medicare surcharge purposes? 

thanks, doug ray
Votes
Why don't the totals on the bar charts add up to 100% in the Household impact study ?  
Votes
Hi Dan Marshall‍, thanks for the question!

The bill establishes a "Carbon Dividend Trust" within the Treasury Department that collects the fees. Dividends will be distributed by the IRS, you can read more about this in the Dividend Delivery Study

As far as cost, any administrative needs will be paid for by the revenue collected from the carbon fee. Administrative costs may not exceed 8% in the first five years and may not exceed 2% in the years thereafter. This higher allowed allocation for the first five years was because we estimated it may take some upfront costs to get the dividend payment program going. This cost may be even smaller now that the government had to figure out how to distribute COVID-19 stimulus checks. 

Best,
Adeline, CCL Government Affairs Coordinator
Votes
Hi Doug Ray‍,

Excellent question! While the dividend itself is taxable in order to satisfy PAYGO rules, increased income due to receiving the dividend cannot bump someone into a higher overall income tax bracket and it has no effect on any welfare programs or eligibility. 

Here's the corresponding bill text:

FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon dividend amount received by any individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds.

Best,
Adeline, CCL Government Affairs Coordinator
Votes
Thank you! 

On Jun 16, 2020, at 11:13 AM, Adeline DeYoung via CCL Community <cclcommunity@citizensclimate.org> wrote:


Citizens Climate Lobby
Hi Doug! Instant Alert

Re: Dividend Questions in General Discussions General in

Posted on June 16, 2020 at 11:13 AM
45b6c091f9aa74c58c87d6ef2e4e2c50-mediums
Adeline DeYoung
Hi Doug Ray‍,

Excellent question! While the dividend itself is taxable in order to satisfy PAYGO rules, increased income due to receiving the dividend cannot bump someone into a higher overall income tax bracket and it has no effect on any welfare programs or eligibility. 

Here's the corresponding bill text:

FEDERAL PROGRAMS AND FEDERAL ASSISTED PROGRAMS.—The carbon dividend amount received by any individual shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds.

Best,
Adeline, CCL Government Affairs Coordinator
 
    
Unsubscribe from topic + Start New Topic
CCL Community · Contact Us

Facebook  Twitter  Instagram

© 2018 CCL Community
You are receiving this notification as a member of CCL Community. Is this email going to your junk mail folder? Add cclcommunity@citizensclimate.org to your address book or move this message to your primary inbox.
To manage your notification and subscription settings, click here: https://community.citizensclimate.org/dashboard/mysubscriptions . To unsubscribe permanently from all site updates, click here: Update Subscription
Votes
I have a question about the revenue estimates. I found a mention of years 1 ($78B) and  2 ($139B), but not 3 and 4. They must be somewhere on the site. Help?
Votes
Hi Brian Winters‍, 

You can see these numbers in the Energy Innovation & Carbon Dividend Act Dataset. The amount you're looking for are on the third tab labeled "tables". 

 
Votes

We are working on a comment advocating support for federal carbon fee and dividend for a state agency climate action plan. We're wondering if there are any updates to dividend delivery information since Allen Lehrman's 2018 study? In particular, how might US experience with pandemic relief fund distribution affect the ease of dividend distribution. Are there any new studies that we can highlight on this topic? Thanks!
 

Forum help

Select a question below

CCL Community's Sitewide Forums are an easy and exciting way to interact with other members on CCL Community.  The Sitewide Forums are focused on subjects and areas of general interest to members.  Each forum consists of topics that members have posted, along with replies from other members. Some forums are divided into categories to group similar topics together. 

Any members can post a topic or reply to a topic.

The Sitewide Forums are open to the entire CCL community to create, comment on, and view online discussions.  Posts and comments should address the subject or focus of the selected forum. 

Note: Categories can only be created by community administrators.

Guidelines for posting: (also see general Community Guidelines)

  • Don’t see your question or topic? Post it.
  • Be thoughtful, considerate (nonpartisan) and complete. The more information you supply, the better the better and more engaging the conversation will be. 
  • Feel like cursing? Please don’t.
  • Ask yourself, “Would my topic post reveal sensitive or confidential information?” If so, please don't post!

Flag/report any offending comments, and then move on. In the rare instance of a comment containing a potentially credible threat, escalate that immediately to CCL.

If the Sitewide Forum has no categories, select the "Add Topic" button at the top of topics window. 

If the forum has categories, when you click on "Add Topic," a dropdown list of the categories appears. Select the desired category and then "Add Topic."
In either case this brings up a box to enter both the topic subject and topic text.

If you have questions or wish to add comments on a posted forum topic, open the post and click the blue “Add Reply” button at top. You can also click on the “Reply” link at the bottom of the original topic posting.

This opens a text box. Add your reply. You can also add documents by dragging a file into the text box. Click “Post” at the bottom of the reply window This will add your reply to other replies (if there are any), sorted by oldest on top. 

If, however, you want to reply directly to someone else’s reply, click on the “Reply” link at the bottom of their reply. 

When replying to a topic post or a topic reply it may be helpful to quote the original text, or the part that your reply is referring to. To quote a topic or reply, click on the "Quote" link at bottom of post. 

When you do this the full text of either the post or reply will be pulled into a reply text box. If desired, you can remove parts of the quoted text in order to get the portion you are interested in quoting.

You can subscribe to notifications of new postings from any of the Sitewide Forums or forum categories. To subscribe, select the green “Subscribe” button at the top of the forum. Click on dropdown arrow to select frequency of notification.

If you are already subscribed, the button will display “Unsubscribe.”  Select it to unsubscribe or select the dropdown arrow to modify frequency of notification. 

Note: If you subscribe to a Sitewide Forum, such as "Media Relations" that has categories (such as "LTEs and Op-Eds"), you will also be subscribed to all the categories. If you wish to subscribe to only one or more of the categories, unsubscribe to the parent forum and subscribe individually to desired categories.

.

If you see a topic post or reply that interests you or that you like, you can click the “Like” icon at the bottom of the topic post or the reply. This lets the poster know that the topic was helpful. It also contributes to the topic’s popularity, which influences where it is listed in the "Popular" forum tab. There are also additional reactions available for members to use. Mouseover the "Like" icon to choose one of these options: Love, Clap, Celebrate, Insightful, or Interesting.

CCL Community Guidelines

  • Discuss, ask and share
  • Be respectful
  • Respect confidentiality
  • Protect privacy

More guidelines
 

CCL Blog Policy Area Categories