The plan will draw from existing IRS staff
Sewalk 13, Ph.D./J.D., is an Assistant Professor for the Burns School of Real Estate and Construction Management, Daniels College of Business, University of Denver (Stephen, “Carbon Tax with Reinvestment Trumps Cap-and-Trade,” Nanotechnology and the Environment, 30.2)//BB
The objective of the carbon tax with reinvestment is what makes this tax so much more appealing and feasible in combating climate change. The carbon tax with reinvestment starts low ($5/ton), increases annually until it reaches $50/ton to allow the construction market to adjust, the revenues peak and then begin to decline rapidly as emissions decline.200 As stated, excise taxation is not a new concept for the United States. For this reason, no new organizations will be created for tax regulation purposes. The carbon tax with reinvestment will be implemented and regulated by the IRS and the EPA, using the existing, knowledgeable staff.