S5 would put in place a carbon credit system that allots companies a certain amount of emissions each year, with the ability to buy or sell such credits.
The Vermont General Assembly passed S5 on May 11, 2023, by a vote of 107 to 42, after the bill was vetoed by the Governor. We have assigned pluses to the nays because this bill expands government by pushing for interventions infringing on individual freedoms and economic liberties. Tax dollars should not go toward complying with any aspect of the UN’s Agenda 2030, as it is not constitutional. Additionally, this legislation creates more government interference in the free-market economy and advances the Marxist climate change agenda. Businesses should have the freedom to conduct business without the government meddling in their affairs by setting unrealistic and costly regulations.