sections for subchapter A of chapter 98 of such Code is amended by adding at the end the following new item: Sec. 9512. Carbon trust fund. . (c) Reduction in individual income tax rates (1) In general Section 1(j) of such Code is amended by redesignating paragraph (6) as paragraph (7) and by inserting after paragraph (5) the following: (6) Reduction in individual income tax rates In the case of taxable years beginning after December 31, 2019, the tables under paragraph (2) shall be applied— (A) by substituting 9% for 10% each place it appears, (B) by substituting 11% for 12% each place it appears, (C) by substituting 21% for 22% each place it appears, and (D) by substituting 23.5% for 24% each place it appears. . (2) Coordination among provisions relating to children with unearned income Clauses (i)(II) and (III) of section 1(j)(4)(B) of such Code are amended by striking paragraph (3) and inserting paragraphs (3) and (6) . (d) Quarterly citizen rebates (1) Quarterly payments to eligible dividend recipients (A) In general From amounts made available pursuant to section 9512(c)(1)(C) of the Internal Revenue Code of 1986, the Secretary shall make payment each calendar quarter to each eligible dividend recipient. (B) Amount of payment For purposes of subparagraph (A), the amount of each payment with respect to an eligible dividend recipient shall be the amount determined by the Secretary by dividing— (i) for the years 2020 through 2028— (I) the total amount available under section 9512(c)(1)(C) of the Internal Revenue Code of 1986 for the preceding calendar quarter, by (II) the total number of eligible dividend recipients for such preceding calendar quarter, and (ii) for year 2029 and subsequent years— (I) the smaller of— (aa) the quarterly average of the total amount available under section 9512(c)(1)(C) of the Internal Revenue Code of 1986 for the four quarters of 2028, and (bb) the total amount available under section 9512(c)(1)(C) of the Internal Revenue Code of 1986 for the preceding calendar quarter, by (II)