It's almost certain to be repealed when the current government loses power in this fall's election. :(
But the larger point is that when you pay back all the revenues as dividends, then you only get the reduction incentives. Where does the extra cash come from to actually pay for sequestration?
Perhaps government contracts to sequestration companies in order to hit emissions targets could be carved out of existing budgets. I'm from the U.S. and there is certainly money to be diverted. Maybe we just need sequestration contractors in the right districts for certain politicians?
Looks like there are projections for a bunch of jobs in the carbon capture industry (eg https://www.theguardian.com/environment/2010/mar/17/carbon-c...), but I'm still hazy on how we're going to find trillions in the general revenue pot to make it happen.