this subchapter as determined by the Administrator 
of the Environmental Protection Agency. 
‘‘(7) 
ENERGY-INTENSIVE
MANUFACTURED 
GOOD.— 
‘‘(A) IN GENERAL.—The term ‘energy-in-
tensive manufactured good’ means any manu-
factured good (other than any petroleum prod-
uct or fossil fuel) for which not less than 5 per-
cent of the cost of which is attributable to en-
ergy costs, as determined by the Secretary. 
‘‘(B) LIST OF ENERGY-INTENSIVE MANU-
FACTURED GOODS.— 
‘‘(i) INITIAL
LIST.—Not later than 
180 days after the date of the enactment 
of this Act, the Secretary shall publish a 
list of goods which qualify as energy-inten-
sive manufactured goods. 
‘‘(ii) UPDATES.—Not less frequently 
than annually, the Secretary shall update 
the list published under this subparagraph. 
‘‘(8) TON.— 
‘‘(A) IN GENERAL.—The term ‘ton’ means 
1,000 kilograms. In the case of any greenhouse 
gas which is a gas, the term ‘ton’ means the 
amount of such gas in cubic meters which is the 
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equivalent of 1,000 kilograms on a molecular 
weight basis. 
‘‘(B) FRACTIONAL PART OF TON.—In the 
case of a fraction of a ton, any fee imposed by 
this subchapter on such fraction shall be the 
same fraction of the amount of such fee im-
posed on a whole ton. 
‘‘(9) UNITED
STATES.—The term ‘United 
States’ has the meaning given such term by section 
4612(a)(4). 
‘‘(b) OTHER RULES.— 
‘‘(1) ASSESSMENT AND COLLECTION.—Payment 
of the fee imposed by sections 4691, 4692, and 4693 
shall be assessed and collected in the same manner 
as taxes under this subtitle. 
‘‘(2) REGULATIONS.—The Secretary shall pre-
scribe such regulations as may be necessary to carry 
out the provisions of this subchapter.’’. 
(b) CLERICAL AMENDMENT.—The table of sub-
chapters for chapter 38 of the Internal Revenue Code of 
1986 is amended by adding at the end the following new 
item: 
‘‘SUBCHAPTER E—CARBON DIOXIDE AND OTHER GREENHOUSE GAS EMISSION 
FEES’’. 
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(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
TITLE II—RETURNING FEE REV-
ENUE 
TO 
THE 
AMERICAN 
PEOPLE 
SEC. 201. REDUCTION IN CORPORATE TAX RATE. 
(a) IN GENERAL.—Section 11(b) of the Internal Rev-
enue Code of 1986 is amended— 
(1) by inserting ‘‘and’’ at the end of subpara-
graph (B); 
(2) by striking subparagraphs (C) and (D) and 
inserting the following: 
‘‘(C) 29 percent of so much of the taxable 
income as exceeds $75,000.’’; 
(3) by striking ‘‘$11,750’’ in the second sen-
tence and inserting ‘‘$8,000’’; and 
(4) by striking the last sentence. 
(b) CONFORMING AMENDMENTS.— 
(1) Paragraph (2) of section 11(b) of the Inter-
nal Revenue Code of 1986 is amended by striking 
‘‘35 percent’’ and inserting ‘‘29 percent’’. 
(2) Paragraphs (1) and (2) of section 1445(e) 
of such Code are each amended by striking ‘‘35 per-
cent’’ and inserting ‘‘29 percent’’. 
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(3) Subparagraph (A) of section 7518(g)(6) of 
such Code is amended by striking ‘‘34 percent’’ and 
inserting ‘‘29 percent’’. 
(4) Paragraph (2) of section 53511(f) of title 
46, United States Code, is amended by striking ‘‘34 
percent’’ and inserting ‘‘29 percent’’. 
(c) EFFECTIVE DATES.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the amendments made by this section 
shall apply to taxable years beginning after Decem-
ber 31, 2017. 
(2) WITHHOLDING.—The amendments made by 
subsection (b)(2) shall take effect on January 1, 
2018. 
SEC. 202. ESTABLISHMENT OF REFUNDABLE CREDIT FOR 
WORKERS. 
(a) IN GENERAL.—Subpart C of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by inserting after section 36 the fol-
lowing new section: 
‘‘SEC. 36A. CARBON FEE OFFSET CREDIT. 
‘‘(a) IN GENERAL.—In the case of an eligible indi-
vidual, there shall be allowed as a credit against the tax 
imposed by this subtitle for the taxable year an amount 
equal to the lesser of— 
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‘‘(1) 6.2 percent of the earned income of the 
taxpayer, or 
‘‘(2) $550 (twice such amount in the case of a 
joint return). 
‘‘(b) ELIGIBLE INDIVIDUAL.—For purposes of this 
section, the term ‘eligible individual’ means any individual 
other than— 
‘‘(1) any nonresident alien individual, 
‘‘(2) any individual with respect to whom a de-
duction under section 151 is allowable to another 
taxpayer for a taxable year beginning in the cal-
endar year in which the individual’s taxable year be-
gins, and 
‘‘(3) any individual who, for the month of De-
cember of the taxable year, was entitled to or eligible 
for a benefit payment described in paragraph (1) or 
(2) of section 203(b) of the American Opportunity 
Carbon Fee Act of 2017. 
‘‘(c) EARNED INCOME.— 
‘‘(1) IN GENERAL.—For purposes of this sec-
tion, the term ‘earned income’ has the meaning 
given such term by section 32(c)(2), except that 
such term shall not include net earnings from self- 
employment which are not taken into account in 
computing taxable income. 
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‘‘(2) CERTAIN COMBAT ZONE COMPENSATION.— 
For purposes of paragraph (1), any amount ex-
cluded from gross income by reason of section 112 
shall be treated as earned income which is taken 
into account in computing taxable income for the 
taxable year. 
‘‘(d) INFLATION ADJUSTMENT.— 
‘‘(1) IN GENERAL.—In the case of a taxable 
year beginning after 2018, the $550 amount in sub-
section (a)(2) shall be increased by an amount equal 
to— 
‘‘(A) such dollar amount, multiplied by 
‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which the taxable year begins, deter-
mined by substituting ‘calendar year 2017’ for 
‘calendar year 1992’ in subparagraph (B) 
thereof. 
‘‘(2) ROUNDING.—If any dollar amount, after 
being increased under paragraph (1), is not a mul-
tiple of $10, such dollar amount shall be rounded to 
the next lowest multiple of $10.’’. 
(b) REFUNDS DISREGARDED IN THE ADMINISTRA-
TION
OF FEDERAL PROGRAMS
AND FEDERALLY AS-
SISTED PROGRAMS.—Any credit or refund allowed or 
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made to any individual by reason of section 36A of the 
Internal Revenue Code of 1986 (as added by this section) 
shall not be taken into account as income and shall not 
be taken into account as resources for purposes of deter-
mining the eligibility of such individual or any other indi-
vidual 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. 
(c) CONFORMING AMENDMENTS.— 
(1) Section 6211(b)(4)(A) of the Internal Rev-
enue Code of 1986 is amended by inserting ‘‘36A,’’ 
after ‘‘36,’’. 
(2) The table of sections for subpart C of part 
IV of subchapter A of chapter 1 of such Code is 
amended by inserting after the item relating to sec-
tion 36 the following new item: 
‘‘Sec. 36A. Carbon fee offset credit.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
SEC. 203. ESTABLISHMENT OF PAYMENTS TO SOCIAL SECU-
RITY BENEFICIARIES AND OTHER RETIRED 
AND DISABLED AMERICANS. 
(a) AUTHORITY TO MAKE PAYMENTS.—The Sec-
retary of the Treasury or the Secretary of the Treasury’s 
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delegate (referred to in this section as the ‘‘Secretary’’) 
shall, during the period between April 1 and May 15 of 
calendar year 2018 and each year thereafter, disburse a 
payment to each eligible beneficiary in an amount equal 
to the amount in effect for taxable years beginning in the 
preceding calendar year under section 36A(a)(2) of the In-
ternal Revenue Code of 1986. 
(b) ELIGIBLE BENEFICIARY.—For purposes of this 
section, the term ‘‘eligible beneficiary’’ means an indi-
vidual who, for the month of December of the preceding 
year, was— 
(1) entitled to any benefit payment described in 
subparagraph (B) of section 2201(a)(1) of the 
American Recovery and Reinvestment Act of 2009; 
or 
(2) eligible for a benefit payment described in 
subparagraph (C) of such section. 
(c) RESIDENCY REQUIREMENT.—A payment may be 
made under this section only to an eligible beneficiary who 
resides in any State (as defined in section 204(f)), as de-
termined based on the current address of record for such 
beneficiary under the applicable program for payment of 
benefits described in subsection (b). 
(d) NO DOUBLE PAYMENTS.—An eligible beneficiary 
may not receive more than 1 payment per calendar year 
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under this section, regardless of whether such beneficiary 
is entitled to or eligible for more than 1 benefit payment 
described in paragraph (1) or (2) of subsection (b). 
(e) IDENTIFICATION OF RECIPIENTS.—The Commis-
sioner of Social Security, the Railroad Retirement Board, 
and the Secretary of Veterans Affairs shall certify the eli-
gible beneficiaries entitled to receive payments under this 
section and provide the Secretary with any information 
necessary to disburse such payments. 
(f) APPLICATION
OF ADDITIONAL RULES.—Rules 
similar to the rules of subsections (a)(4), (c), and (d) of 
section 2201 of the American Recovery and Reinvestment 
Act of 2009 shall apply for purposes of payments under 
this section. 
SEC. 204. STATE-BASED COST MITIGATION GRANT PRO-
GRAM. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall provide to each State which meets the requirements 
of subsection (d) a cost mitigation grant for each calendar 
year after 2017 in an amount determined under sub-
section (c). 
(b) USE OF FUNDS.—A State receiving a cost mitiga-
tion grant under this section may use the grant only— 
(1) to assist low-income households in reducing 
energy expenses and meeting cost increases attrib-
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utable to the fees imposed under subchapter E of 
chapter 38 of the Internal Revenue Code of 1986 
(as added by this Act); 
(2) to assist rural households in reducing en-
ergy expenses and meeting such increases attrib-
utable to such fees; and 
(3) to provide job training and worker transi-
tion assistance, with priority given to workers and 
former workers in fossil-fuel related industries. 
(c) AMOUNT OF GRANT.— 
(1) IN GENERAL.—The amount of the cost miti-
gation grant made to any State for any calendar 
year shall be equal to the product of— 
(A) the annual grant limitation determined 
under paragraph (3) for such calendar year; 
and 
(B) the State allocation percentage for the 
State (determined under paragraph (2)). 
(2) STATE
ALLOCATION
PERCENTAGE.—The 
‘‘State allocation percentage’’ for a State is the 
amount (expressed as a percentage) equal to the 
quotient of— 
(A) the population of such State (as re-
ported in the most recent decennial census); 
and 
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(B) the population of all States (as re-
ported in the most recent decennial census). 
(3) ANNUAL GRANT LIMITATION.— 
(A) IN GENERAL.—The annual grant limi-
tation is $10,000,000,000. 
(B) INFLATION ADJUSTMENT.—In the case 
of 
any 
calendar 
year 
after 
2018, 
the 
$10,000,000,000 amount in subparagraph (A) 
shall be increased by an amount equal to— 
(i) such dollar amount; multiplied by 
(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) of the In-
ternal Revenue Code of 1986 for the cal-
endar year, determined by substituting 
‘‘calendar year 2017’’ for ‘‘calendar year 
1992’’ in subparagraph (B) thereof. 
(4) REDISTRIBUTION.—In any case in which 
one or more States do not meet the requirements de-
scribed in subsection (d) for a calendar year, an 
amount equal to the State allocation percentage for 
such State or States shall be distributed to each 
State which did meet such conditions in an amount 
equal to the product of— 
(A) such amount; and 
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(B) the State allocation percentage of such 
State (determined by not taking into account 
under paragraph (2)(B) the population of any 
State which did not meet the requirements of 
subsection (d) for such calendar year). 
(d) REQUIREMENTS FOR RECEIPT OF GRANT.— 
(1) IN GENERAL.—A State is eligible to receive 
a cost mitigation grant for any calendar year if— 
(A) the chief executive officer of the State 
certifies that the State will use such grant as 
needed to deliver benefits to all eligible low-in-
come individuals through a household rebate 
program; 
(B) the State has filed with the Secretary 
of the Treasury a State plan covering the cal-
endar year which details the use of the funds 
received under the grant; 
(C) the State agrees to comply with any 
audit requirements under subsection (d); and 
(D) the State has complied with the re-
quirements of this section for all preceding 
years or the State has remedied all prior non-
compliance to the satisfaction of the Secretary 
of the Treasury. 
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(2) HOUSEHOLD REBATE PROGRAM.—For pur-
poses of paragraph (1)(A)— 
(A) IN GENERAL.—The term ‘‘household 
rebate program’’ means a program for deliv-
ering to monthly benefits in an aggregate an-
nual amount equal to the applicable amount to 
all eligible low-income individuals through a 
State-administered electronic benefit transfer 
system. 
(B) APPLICABLE
AMOUNT.—The term 
‘‘applicable amount’’ means, with respect to any 
eligible low-income individual for any calendar 
year, an amount equal to the excess of— 
(i) the amount in effect for taxable 
years ending with or within the preceding 
calendar year under section 36A(a)(2) of 
the Internal Revenue Code of 1986, over 
(ii) any amount allowed or claimed as 
a credit by such individual under such sec-
tion for the taxable year ending with or 
within the preceding calendar year. 
(C) 
ELIGIBLE
LOW-INCOME
INDIVID-
UALS.—The term ‘‘eligible low-income indi-
vidual’’ means, with respect to any calendar 
year, any individual who— 
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(i) has attained the age of 18 before 
the end of the calendar year; 
(ii) lives in a household that has a 
gross income that does not exceed 150 per-
cent of the poverty line as defined by sec-
tion 673(2) of the Community Services 
Block Grant Act; 
(iii) participates in a federally funded 
State administered assistance program or 
otherwise applies for such benefits under 
such a program; and 
(iv) for the month of December of the 
preceding calendar year, was not entitled 
to or eligible for a benefit payment de-
scribed in section 203(b). 
(D) COORDINATION
RULES.—The Sec-
retary of the Treasury shall coordinate with the 
States and other applicable Federal agencies to 
identify eligible low-income individuals. 
(e) AUDITS.—The Secretary of the Treasury shall 
audit the State use of grants under this section to ensure 
such uses comply with the requirements of this section and 
with the uses identified by the State under subsection 
(d)(1)(B). The Secretary may withhold a grant under this 
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section if the Secretary determines that a State has not 
complied with such requirements. 
(f) STATE.—For purposes of this section, the term 
‘‘State’’ includes the District of Columbia, the Common-
wealth of Puerto Rico, Guam, American Samoa, the Com-
monwealth of the Northern Mariana Islands, and the 
United States Virgin Islands. 
(g) APPROPRIATIONS.—There are hereby appro-
priated such sums as necessary for making cost mitigation 
grants under this section. 
TITLE III—OTHER PROVISIONS 
SEC. 301. PUBLIC DISCLOSURE OF REVENUES AND EX-
PENDITURES. 
(a) ESTABLISHMENT OF WEBSITE.—The Secretary 
of the Treasury, or the Secretary’s designee, shall estab-
lish a website for purposes of making the disclosures de-
scribed in subsection (b). 
(b) DISCLOSURES.—The Secretary shall make pub-
licly available, on an ongoing basis and as frequently as 
possible, the following information: 
(1) The amount and sources of revenue attrib-
utable to this Act and the amendments made by this 
Act. 
(2) The amount of tax savings and benefits re-
ceived as a result of title II of this Act. 
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SEC. 302. SEVERABILITY. 
If any provision of this Act or amendment made by 
this Act, or the application of a provision or amendment 
to any person or circumstance, is held to be unconstitu-
tional, the remainder of this Act and amendments made 
by this Act, and the application of the provisions and 
amendment to any person or circumstance, shall not be 
affected by the holding. 
Æ 
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