US Federal 2023-2024 Regular Session

US Federal House Bill HCR86

Introduced

1/25/24

Refer

1/25/24

Engrossed

3/22/24

Caption

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

Impact

If enacted, HCR86 asserts that the introduction of a carbon tax could lead to a decrease in overall economic growth. With fossil fuels accounting for approximately 80 percent of energy consumption in the U.S., the resolution warns that the resulting cost increases could also elevate prices for all manufactured goods, thereby straining consumers further. Furthermore, the resolution posits that a carbon tax could impair America's global competitiveness, causing industries to suffer and potentially leading to a decline in domestic energy production that has previously been bolstered by innovation and investment.

Summary

HCR86 is a concurrent resolution expressing the sense of Congress that a carbon tax would have detrimental effects on the United States economy. The resolution highlights concerns that a carbon tax could increase energy prices significantly, affecting essential costs for families and consumers, including gasoline, electricity, and home heating oil. It emphasizes that such a tax is likely to disproportionately impact low-income individuals, the elderly, and those on fixed incomes, raising questions about fairness and equity in energy pricing. Additionally, the resolution argues that a carbon tax could result in job losses, as businesses might relocate overseas to avoid the tax burden.

Sentiment

The general sentiment around HCR86 appears to be mostly negative regarding the implementation of a carbon tax. Supporters of the resolution, primarily from the Republican party, argue it is a necessary stance against governmental overreach in taxation that could harm American families and the economy. However, there are concerns raised by opponents outside the documented discussion, who argue that failing to put a price on carbon emissions may have longer-term detrimental environmental effects.

Contention

One notable point of contention surrounding HCR86 is the balance between economic growth and environmental responsibility. While proponents assert that the resolution effectively protects families and businesses from heightened taxation that could stifle growth, critics may assert the need for environmental protections to mitigate climate change. The resolution's passage indicates a legislative position against potential measures that could impact energy industries, showcasing the complex relationship between economic interests and environmental policy.

Companion Bills

US HR1085

Related Providing for consideration of the bill (H.R. 1023) to repeal section 134 of the Clean Air Act, relating to the greenhouse gas reduction fund; providing for consideration of the bill (H.R. 1121) to prohibit a moratorium on the use of hydraulic fracturing; providing for consideration of the bill (H.R. 6009) to require the Director of the Bureau of Land Management to withdraw the proposed rule relating to fluid mineral leases and leasing process, and for other purposes; providing for consideration of the concurrent resolution (H. Con. Res. 86) expressing the sense of Congress that a carbon tax would be detrimental to the United States economy; providing for consideration of the resolution (H. Res. 987) denouncing the harmful, anti-American energy policies of the Biden administration, and for other purposes; and providing for consideration of the bill (H.R 7023) to amend section 404 of the Federal Water Pollution Control Act to codify certain regulatory provisions relating to nationwide permits for dredged or fill material, and for other purposes.

Previously Filed As

US HCR46

Expressing the sense of Congress that the United States is committed to ensuring a safe and healthy climate for future generations, and thus to restoring the climate.

US HCR4

Expressing the sense of Congress that tax-exempt fraternal benefit societies have historically provided and continue to provide critical benefits to the people and communities of the United States.

US HCR25

Expressing the sense of Congress that Trump administration tariffs on Mexico and Canada are in violation of the United States of America-Mexico-Canada Agreement.

US SR36

A resolution expressing the sense of the Senate that the United States, States, cities, Tribal nations, businesses, institutions of higher education, and other institutions in the United States should work toward achieving the goals of the Paris Agreement.

US HR365

Expressing the sense of the House of Representatives that the House should recognize Robert Aitken's Bible as a historical document of the United States Congress.

US SCR131

Memorializes President and United States Congress to enact legislation that would eliminate preferential federal tax treatment for oil and natural gas companies.

US SCR6

A concurrent resolution expressing the sense of Congress that tax-exempt fraternal benefit societies have historically provided and continue to provide critical benefits to the people and communities of the United States.

US HR1028

Expressing the sense of the House of Representatives that the United States must act urgently to end the political and economic dominance of billionaire oligarchs, halt the corporate subsidies and tax advantages that fortify their power, and reinvest in the needs of the American people to defend democracy from authoritarianism.

US HR230

Expressing the sense that Congress and the administration must work together, with urgency, to pursue effective food and agricultural trade policies.

US HR70

Expressing the sense of the House of Representatives that Congress should take all appropriate measures to ensure that the United States Postal Service remains an independent establishment of the Federal Government and is not subject to privatization.

Similar Bills

No similar bills found.