Climate Protection Act introduced in US

Sanders, Boxer Introduce Climate Protection Act

My only problem with this summary is using the collected fees to reduce national debt instead of going after the super-wealthy tax cheats who are creating the debt.

Senators Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) introduced the Climate Protection Act Thursday, legislation aimed at placing an initial $20 fee on each ton of carbon or methane emitted in order to reach a long-term goal of 80 percent green house gas emissions by 2050.

The Congressional Budget office estimates that these fees, which would rise at a rate of 5.6 percent over a decade, could result in $1.2 trillion in revenue over ten years.

As part of the proposal, $300 billion of that revenue gained would go towards reducing the national debt, with the remaining revenue going towards investment in manufacturing, renewable energy research and infrastructure.