CFE agenda 021218 - Laserfiche WebLink

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making it easier to accept. A border adjustment tax would keep businesses from moving oversees and may encourage other countries to levy their own fees. This is a market -based solution that places a minimal regulatory burden on businesses, and is revenue neutral in that it gives all the collected money back to the people, minus administrative costs. This initiative would not grow the size of government which would be a non - starter for some political groups. This approach has allowed this strategy to collect initial bipartisan support from groups such as the Climate Solutions Caucus of the US House of Representatives. Carrboro has officially supported this strategy and Chapel Hill is either looking at this or has already passed it. Pittsburgh and Chicago have also signed on. Piracci asked what percent of the money collected is expected to go to administrative costs. Maxwell replied that they expect it will be approximately 8% in the first few years moving down to 2% once the program is established. Piracci then asked if this proposal would encourage natural gas usage and as a result, increase fracking. Maxwell responded saying that even if natural gas was a cheaper energy source than coal, it would still get more expensive over time so there will be a strong disincentive from using it instead of renewable energy sources. Ward asked if CCL was pushing to remove the tax incentives given to the petroleum industry. Maxwell did not know if that was a focus. Staff will scan materials distributed at the meeting and send them to the CFE members. 8:30 VI. Committee Meetings Committee's met briefly and reconvened to discuss the ideas they'd generated. Staff volunteered to collect and track these ideas and to get guidance from Orange County Community Relations department staff about the type and amount of material that would be most useful to them for publication in the Orange County newsletter or elsewhere. 9:00 VII. Revised 2018 CFE Activities and Concerns Several of the newest CFE members expressed concerns that the CFE's planned activities and focus areas lacked the detail needed for implementation. Staff indicated that they would distribute the CFE's 2018 workplan to the members and suggested that this workplan implementation and tracking discussion be continued as an agenda item at the next meeting. 9:10 VIII. Updates and Information Items Staff and /or CFE members will provide updates on the following items: • Continuing Action Items from previous CFE meetings: • Article about, and US Army Corps of Engineers response to DWR about, proposed Jordan Lake demonstration project (Attachment 4) • SELC 2015 comments on Draft EIS for Durham Orange Light Rail Project (Attachment 5) • 2018 CFE Meeting Calendar (Attachment 6)