Us Congress Senate Bill SCR23

Us Congress 2023-2024 Regular Session

• Introduced: 10/26/23
• Refer: 10/26/23

Caption

A concurrent resolution expressing the sense of Congress that a carbon tax would be detrimental to the economy of the United States.

Notes

As a concurrent resolution, SCR23 serves to make a statement rather than enact legislation, reflecting the legislative body's viewpoint on the economic implications of climate policy regarding carbon taxes. It underscores a preference for pro-growth solutions that align with energy independence and economic security, aligning itself against regulations perceived as hindrances to America's economic performance.

Impact

The resolution highlights the belief that a carbon tax could disproportionately burden working-class families in the U.S., increasing production costs and leading to higher prices for goods. It emphasizes that the domestic manufacturing sector has been proactive in reducing greenhouse gas emissions over the past years without the need for additional taxes. The intention of SCR23 is to advocate for policy frameworks that foster job growth and economic strength through innovation in energy development rather than imposing further taxation on manufacturers.

Summary

SCR23 is a concurrent resolution expressing the Senate's stance that the implementation of a carbon tax would have adverse effects on the economy of the United States. The resolution articulates concerns that such a tax would hinder economic growth by discouraging manufacturing and energy production within the country, potentially causing businesses to relocate overseas. Furthermore, it posits that a carbon tax would strategically benefit nations, particularly China, which do not impose similar environmental regulations on their industries, thereby undermining the competitive position of U.S. businesses in the global market.

Contention

There exist several points of contention regarding SCR23. Advocates for the resolution argue that it safeguards jobs and promotes national economic interests against the backdrop of international competition. They emphasize the risk of exacerbating pollution levels by shifting production overseas where environmental standards are lax. Conversely, opponents of the carbon tax, who may be in favor of such a policy, argue that measures to reduce carbon emissions are critical to addressing climate change and that a carbon tax can incentivize cleaner energy production.