On the recordJuly 19, 2018
Mr. Speaker, I rise today to speak in support of my colleague's resolution, H. Con. Res. 119, which expresses the sense of Congress that a carbon tax would be detrimental to the United States. A carbon tax is a tax on the American consumer and our economy. A carbon tax would significantly--I want to repeat that--significantly drive up the cost of the fuels that drive our way of life, and result in millions and millions of jobs lost. This burden would be unfairly shouldered by the lower and middle class incomes. The nonpartisan--I want to say that--the nonpartisan Congressional Budget Office, CBO, in 2013 stated: ``A carbon tax would increase the price of fossil fuels in direct proportion to their carbon content. Higher fuel prices, in turn, would raise production costs and ultimately drive up prices for goods and services throughout the economy.'' A study from the National Association of Manufacturers found that a carbon tax could drive up gasoline costs between $6 and $14 per gallon, and lead to as many as 21 million jobs lost, a continually shrinking economy, and lowering our Federal revenue, all without doing anything to improve global greenhouse gas emissions. {time} 0945 Just yesterday, the House passed my amendment to prohibit funds from implementing the Obama administration's social costs of carbon rule. The facts are clear. A carbon tax is not the way to protect our environment and economy. The social costs of a carbon tax far outweigh the potential benefits.





