Bill 118 H.Con.Res. 86, titled "Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy," is a resolution that was introduced in the United States Congress. The purpose of this resolution is to convey the opinion of Congress that implementing a carbon tax would have negative consequences for the American economy.
The resolution argues that a carbon tax, which is a tax imposed on the carbon content of fuels, would harm businesses and consumers by increasing the cost of energy and goods. It suggests that this would lead to job losses, higher prices for consumers, and reduced economic growth.
The resolution also highlights concerns about the impact of a carbon tax on American competitiveness in the global market. It suggests that such a tax could put American businesses at a disadvantage compared to foreign competitors who are not subject to similar taxes.
Overall, Bill 118 H.Con.Res. 86 expresses the belief of Congress that a carbon tax would be detrimental to the United States economy and should not be implemented. It is important to note that this resolution is not a binding law, but rather a statement of opinion from Congress.