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 . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2017. II Returning fee revenue to the American people 201. Reduction in corporate tax rate (a) In general Section 11(b) of the Internal Revenue Code of 1986 is amended— (1) by inserting and at the end of subparagraph (B)