Mr. President, climate change is a clear and present danger, but we can confront that danger in a way that presents new economic opportunities. While the Trump Administration has abdicated American leadership on this critical issue, Congress must fight back, which is why today I am introducing the Healthy Climate and Family Security Act for the first time in the U.S. Senate. Two of the most pressing challenges we face as a Nation are the need to address the economic costs and public health risks associated with climate change, and to strengthen the middle class. We do both in this bill. By capping carbon emissions, selling permits, and returning 100 percent of the revenue to everyone equally, this `Cap and Dividend' approach achieves necessary greenhouse gas reductions while boosting the purchasing power of families across the country. Mr. President, the Healthy Climate and Family Security Act is a simple, effective, and transparent way to combat climate change while supporting economic growth and a thriving middle class. The solution is market based, pro-growth, and is built to last. The bill achieves reductions in greenhouse gas emissions while increasing incomes for Americans. It places a declining cap on carbon pollution each year to reach 80 percent below 2005 levels by 2050. A polluter pays principle is then applied by requiring the first sellers of carbon to buy permits for emissions within those caps.…
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