By taxing all business entities similarly and adopting unitary reporting, single-sales-factor apportionment, along with other proposed reforms, the Commonwealth could cut the corporate tax rate to 5.3% and achieve approximate revenue neutrality.

Table 1 summarizes the estimated reduction in total emissions and the professed cost savings for
eight of CAPAG?s 56 recommendations. The recommendations fall into three categories ?
Energy Demand and Supply, Transportation and Cap and Trade. We choose the
recommendations falling into these categories because they are responsible for more than half the
promised GHG emission reductions and most of the cost savings claimed by CAPAG.