Bill > HCRes86

This Concurrent Resolution expresses the sense of Congress that a carbon tax, which is a federal tax on carbon emissions from fossil fuels, would be harmful to the United States economy. The resolution argues that such a tax would increase the cost of energy and essential goods for families and consumers, disproportionately affecting low-income individuals, the elderly, and those on fixed incomes. It also contends that a carbon tax would lead to businesses relocating overseas, reduce economic growth, and diminish the global competitiveness of American industries, especially since fossil fuels currently make up a significant portion of the nation's energy consumption. Instead, Congress believes the focus should be on promoting domestic energy development and innovation through progrowth solutions.