Taxpayer Group Urges Support For Anti-Carbon Tax Resolution
July 23, 2018
For Immediate Release
Contact: Grace Morgan
July 19, 2018
WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance (TPA) expressed its support for H. Con. Res. 119, which states that, “a carbon tax would be detrimental to American families and businesses,…and is not in the best interest of the United States.” Introduced by House Majority Whip Steve Scalise (R-La.) and Rep. David McKinley (R-W.Va.), the resolution is scheduled for a vote for Thursday July 19.
TPA President David Williams stated that the resolution “Is a critical blow against a policy that will hurt families, kill jobs, and force businesses to shut their doors – while doing nothing for the environment. A 2012 analysis by President Obama’s US Energy Information Administration found that even a modest carbon tax starting at $25 would cut the income of a family of four by a staggering $1,900 a year, raise their energy bill by more than $500 a year, and cause gasoline prices to increase $0.50 a gallon. This same analysis showed that in just four years over a million jobs would be lost. And this great cost would do nothing for the environment, at most reducing global warming by 2050 by only a few tenths of a degree Celsius”
Williams continued, arguing that, “the best thing policymakers can do for the environment is ensure future economic growth. Funding and manpower for conservation organizations are strongly tied to market performance, with a rising tide lifting all boats. As society grows richer, more funds will be available to fund ecological preservation and adaptation efforts. Similarly technologies like fracking have allowed cleaner energy to develop. If activists were serious about protecting the environment they would focus on continuing tax reform and reducing regulations that would turbocharge the economy and unleash investment, research and development.
Williams concluded by noting, “affordable energy is key to helping struggling families, and boosting American productivity, economic growth and international standing. Tax cuts are restarting American manufacturing and bringing jobs back to America, but slapping a new tax on virtually all products produced would destroy all these gains. We commend Rep. Scalise for recognizing the destruction that a carbon tax would bring to the U.S. economy, and strongly urge all Representatives to do the right thing and vote in favor of this resolution.”