A resolution expressing the sense of the Senate that a carbon tax would be detrimental to the economy of the United States.

Bill: 114-sres-472
Sponsor: full_name: Sen. Blunt, Roy [R-MO]
Introduced: 2016-05-24
Policy area: Taxation
Subjects: Climate change and greenhouse gases

Energy prices

Oil and gas

Sales and excise taxes

User charges and fees
Latest action: action_date: 2016-05-24
text: Referred to the Committee on Finance. (text of measure as introduced: CR S3102-3103)

Summaries:
action_date: 2016-05-24
action_desc: Introduced in Senate
text: <p>Expresses the sense of the Senate that a carbon tax would be detrimental to U.S. families and businesses and is not in the best interest of the United States.</p>

tv_txt: III 114th CONGRESS 2d Session S. RES. 472 IN THE SENATE OF THE UNITED STATES May 24, 2016 Mr. Blunt (for himself, Mr. Barrasso , Mr. Boozman , Mrs. Capito , Mr. Coats , Mr. Cochran , Mr. Cotton , Mr. Cruz , Mr. Enzi , Mr. Hatch , Mr. Hoeven , Mr. Inhofe , Mr. Lankford , Mr. Lee , Mr. Manchin , Mr. McConnell , Mr. Paul , Mr. Roberts , Mr. Rounds , Mr. Rubio , Mr. Scott , Mr. Sessions , Mr. Thune , Mr. Vitter , and Mr. Wicker ) submitted the following resolution; which was referred to the Committee on Finance RESOLUTION Expressing the sense of the Senate that a carbon tax would be detrimental to the economy of the United States.

Whereas a carbon tax is a Federal tax on carbon released from fossil fuels; Whereas a carbon tax would increase energy prices, including the price of gasoline, electricity, natural gas, and home heating oil; Whereas a carbon tax would cause families and consumers to pay more for essential items such as food, gasoline, and electricity; Whereas a carbon tax would cause the greatest hardship for the poor, the elderly, and individuals living on fixed incomes; Whereas a carbon tax would lead to more jobs and businesses moving overseas; Whereas a carbon tax would lead to less economic growth; Whereas families in the United States would be harmed the most from a carbon tax; Whereas, according to the Energy Information Administration, fossil fuels have made up not less than 80 percent of the total energy consumption of the United States since 1990; Whereas a carbon tax would increase the cost of every good that is manufactured in the United States; Whereas a carbon tax would impose disproportionate burdens on certain industries, jobs, States, and geographic regions and would further restrict the global competitiveness of the United States; Whereas the ingenuity of the United States 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 the energy resources of the United States increases the ability of the United States to maintain a competitive advantage in the global economy; Whereas a carbon tax would reduce the global competitiveness of the United States and would encourage development abroad in countries that do not impose that exorbitant tax burden; and Whereas Congress and the President should focus on pro-growth solutions that encourage increased development of domestic resources: Now, therefore, be it

That it is the sense of the Senate that a carbon tax— (1) would be detrimental to families and businesses in the United States; and (2) is not in the best interest of the United States.