Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.

Hozzl · 2024-03-28T08:08:14Z

Explore the details of House Bill 86 Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

3/28/2024, 8:08 AM

Summary of Bill HCONRES 86

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.

Congressional Summary of HCONRES 86

This concurrent resolution expresses the sense of Congress that a carbon tax is not in the best interest of the country and would be detrimental to families and businesses.

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Current Status of Bill HCONRES 86

Bill HCONRES 86 is currently in the status of Bill Introduced since January 25, 2024. Bill HCONRES 86 was introduced during Congress 118 and was introduced to the House on January 25, 2024. Bill HCONRES 86's most recent activity was Received in the Senate and referred to the Committee on Finance. as of March 22, 2024

Bipartisan Support of Bill HCONRES 86

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HCONRES 86

Primary Policy Focus

Taxation

Potential Impact Areas

Air qualityClimate change and greenhouse gasesEnergy pricesOil and gasSales and excise taxesUser charges and fees

Alternate Title(s) of Bill HCONRES 86

Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.

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