Raise Wages, Cut Carbon Act of 2019

Bill: 116-hr-3966
Sponsor: Rep. Lipinski, Daniel [D-IL-3]
Introduced: 2019-07-25 in the House
Policy area: Taxation
Subjects: Administrative law and regulatory procedures
Air quality
Appropriations
Aviation and airports
Climate change and greenhouse gases
Coal
Congressional oversight
Employment taxes
Energy efficiency and conservation
Environmental Protection Agency (EPA)
Government trust funds
Income tax rates
Inflation and prices
Legislative rules and procedure
Manufacturing
Motor fuels
Motor vehicles
Oil and gas
Pollution liability
Sales and excise taxes
Social security and elderly assistance
Tariffs
Tax administration and collection, taxpayers

Summary:
action_date: 2019-07-25
text: 

Raise Wages, Cut Carbon Act of 2019

 
This bill imposes excise taxes on fossil fuels and fluorinated greenhouse gases and uses revenues from such taxes to reduce social security taxes.
 
The bill annually increases funding beginning in FY2020 for the low-income home energy assistance program and the weatherization assistance program for low-income persons. It also directs the Social Security Administration to distribute to Social Security retirement beneficiaries 10% of environmental tax revenues beginning in FY2020.
 
The bill imposes taxes on (1) the manufacturer, producer, or importer of coal (including lignite and peat), petroleum and petroleum products, and natural gas ($40 per ton in 2020 with a 2.5% increase each year emission reduction targets are not met); (2) any imported taxable product sold or used by its importer; and (3) fluorinated greenhouse gases.
 
The bill requires a supermajority of either the House of Representatives or the Senate to change the revenue neutrality established by this bill. 
 
The bill also amends the Clean Air Act to suspend certain regulations that limit greenhouse gas emissions. The suspensions expire if emissions targets are not reached after a specified time period. 


Legislative actions:
action_date: 2019-07-26
text: Referred to the Subcommittee on Energy.
action_date: 2019-07-25
text: Referred to the Subcommittee on Social Security.
action_date: 2019-07-25
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2019-07-25
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2019-07-25
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2019-07-25
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2019-07-25
text: Introduced in House
action_date: 2019-07-25
text: Introduced in House