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Recently in the U.S. House of Representatives the Energy Innovation and Carbon Dividend Act was re-introduced into the 117th Congress. The EI&CD Act (HR 2307) is not a tax but a fee to be placed on fossil fuels like coal, oil and gas, which account for harmful carbon emissions. The fee starts low and grows over time. As a “dividend” this fee will be allocated in equal shares every month to the American people to spend as they see fit. To protect U.S. manufacturers and jobs, imported fossil-fuel products will pay a border carbon adjustment, and goods exported from the U.S. will receive a refund of the carbon fee. ....

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