Mr. Speaker, pursuant to House Resolution 1001, I call up the concurrent resolution (H. Con. Res. 119) expressing the sense of Congress that a carbon tax would be detrimental to the United States economy, and ask for its immediate…
Mr. Speaker, pursuant to House Resolution 1001, I call up the concurrent resolution (H. Con. Res. 119) expressing the sense of Congress that a carbon tax would be detrimental to the United States economy, and ask for its immediate consideration in the House.
Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and include extraneous material on H. Con. Res. 119, currently under consideration.
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, I thank leadership for bringing this resolution to the floor for consideration. I rise in support of H. Con. Res. 119, which would express the sense of Congress that a carbon tax would be detrimental to the U.S. economy.
This resolution will send a clear signal to the American people that we oppose policies that would drive up energy prices for families and for businesses. A standalone carbon tax generally would have such detrimental effects on the economy and would be an unwarranted and transparent grab for revenue.
The adverse economic effects of such a tax would be felt throughout the economy, falling hardest on the most vulnerable: the young, the poor, the elderly, and those living on fixed incomes.
An Obama administration proposal in 2016 for a $10 tax on every barrel of oil would have translated into an increase at the gas pump of approximately 25 cents per gallon for every American consumer. Similarly, a standalone carbon tax would increase the price of gasoline, natural gas, home heating oil, and electricity.
American families would feel the pain immediately when they buy gas or diesel to get them to their jobs every day. American families would also feel the pain when they turn on the lights or adjust the thermostat in their homes every day.
The cost burden of a carbon tax also would, correspondingly, increase the price of everything consumers buy every day--in short, everything from a carton of milk to a pair of shoes, to a bicycle, to an automobile.
The price increases on goods with fixed demand that would result from such a tax would directly harm millions of Americans whose incomes mean that they must budget carefully in advance to afford just the basic necessities of life.
In addition, a carbon tax would hit at a time when the industries that it targets are just now recovering from a very damaging economic period of our lives.
With a reformed Tax Code built for growth and rollback of burdensome regulations, American businesses and their workers are finally making a comeback, and we are seeing great optimism about our economic future. Now is not the time to debate placing additional burdens on industries that are trying to help us keep the lights on.
This resolution makes clear that we oppose policies that would drive up energy prices, damage the U.S. economy, reduce the American GDP, and hurt American jobs.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I yield 2 minutes to the gentleman from Kansas (Mr. Marshall).
Mr. Speaker, I yield 2 minutes to the gentleman from Louisiana (Mr. Scalise), the majority whip.
Mr. Speaker, I yield 2 minutes to the gentleman from Wisconsin (Mr. Grothman).
Mr. Speaker, I yield 1\1/2\ minutes to the gentleman from Oklahoma (Mr. Mullin).
Mr. Speaker, I yield 3 minutes to the gentleman from Louisiana (Mr. Johnson).
Mr. Speaker, I yield 3 minutes to the gentleman from West Virginia (Mr. McKinley), who was an original cosponsor of this resolution.
Mr. Speaker, I yield 2 minutes to the gentleman from Illinois (Mr. Shimkus).
(Mr. SHIMKUS asked and was given permission to revise and extend his remarks.)
I yield the gentleman from Illinois an additional 1 minute.
Mr. Speaker, I yield myself the balance of my time.
For many years now, Republicans in Congress have been clear: A new stand-alone carbon tax will raise consumer costs and hurt the economy. It is not a solution to any challenge but, rather, it would create additional challenges.
If American businesses and workers in industries are targeted by a carbon tax, they will suffer economically under such a policy. They are just now recovering from the recession that we went into, and they are just now, because of the tax bill that was passed this past year, just now beginning to see a brighter economic future. We should not debate putting new obstacles in front of them at this time.
Together, we should be focused on working to advance policies that hold down energy costs, improve the U.S. economy, its GDP, and create jobs. That is what we did last year, and that is what we are doing today.
Mr. Speaker, I yield back the balance of my time.
Mr. Speaker, on that I demand the yeas and nays.