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[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H. Con. Res. 86 Referred in Senate (RFS)]
118th CONGRESS 2d Session H. CON. RES. 86
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IN THE SENATE OF THE UNITED STATES
March 22, 2024
Received and referred to the Committee on Finance
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CONCURRENT RESOLUTION
Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.
Whereas a carbon tax is a Federal tax on carbon released from fossil fuels; Whereas a carbon tax will increase energy prices, including the price of gasoline, electricity, natural gas, and home heating oil; Whereas a carbon tax will mean that families and consumers will pay more for essentials like food, gasoline, and electricity; Whereas a carbon tax will fall hardest on the poor, the elderly, and those on fixed incomes; Whereas a carbon tax will lead to more jobs and businesses moving overseas; Whereas a carbon tax will lead to less economic growth; Whereas American families will be harmed the most from a carbon tax; Whereas, according to the Energy Information Administration, the share of energy consumption during 2023 in the United States that was derived from fossil fuels was approximately 80 percent; Whereas a carbon tax will increase the cost of every good manufactured in the United States; Whereas a carbon tax will impose disproportionate burdens on certain industries, jobs, States, and geographic regions and would further restrict the global competitiveness of the United States; Whereas American ingenuity has led to innovations in energy exploration and development and has increased production of domestic energy resources on private and State-owned land which has created significant job growth and private capital investment; Whereas the energy policy of the United States should encourage continued private sector innovation and development and not increase the existing tax burden on manufacturers; Whereas the production of American energy resources increases the ability of the United States to maintain a competitive advantage in today's global economy; Whereas a carbon tax would reduce America's global competitiveness and would encourage development abroad in countries that do not impose this exorbitant tax burden; and Whereas the Congress and the President should focus on pro-growth solutions that encourage increased development of domestic resources: Now, therefore, be it Resolved by the House of Representatives (the Senate concurring), That it is the sense of Congress that a carbon tax would be detrimental to American families and businesses, and is not in the best interest of the United States.
Passed the House of Representatives March 21, 2024.
Attest:
KEVIN F. MCCUMBER,
Clerk.