118THCONGRESS 2 DSESSION H. CON. RES. 86 CONCURRENT RESOLUTION Whereas a carbon tax is a Federal tax on carbon released from fossil fuels; Whereas a carbon tax will increase energy prices, including the price of gasoline, electricity, natural gas, and home heating oil; 2 •HCON 86 EH Whereas a carbon tax will mean that families and consumers will pay more for essentials like food, gasoline, and elec- tricity; Whereas a carbon tax will fall hardest on the poor, the elder- ly, and those on fixed incomes; Whereas a carbon tax will lead to more jobs and businesses moving overseas; Whereas a carbon tax will lead to less economic growth; Whereas American families will be harmed the most from a carbon tax; Whereas, according to the Energy Information Administra- tion, the share of energy consumption during 2023 in the United States that was derived from fossil fuels was ap- proximately 80 percent; Whereas a carbon tax will increase the cost of every good manufactured in the United States; Whereas a carbon tax will impose disproportionate burdens on certain industries, jobs, States, and geographic re- gions and would further restrict the global competitive- ness of the United States; Whereas American ingenuity has led to innovations in energy exploration and development and has increased produc- tion of domestic energy resources on private and State- owned land which has created significant job growth and private capital investment; Whereas the energy policy of the United States should en- courage continued private sector innovation and develop- ment and not increase the existing tax burden on manu- facturers; 3 •HCON 86 EH Whereas the production of American energy resources in- creases the ability of the United States to maintain a competitive advantage in today’s global economy; Whereas a carbon tax would reduce America’s global competi- tiveness and would encourage development abroad in countries that do not impose this exorbitant tax burden; and Whereas the Congress and the President should focus on pro- growth solutions that encourage increased development of domestic resources: Now, therefore, be it Resolved by the House of Representatives (the Senate 1 concurring), That it is the sense of Congress that a carbon 2 tax would be detrimental to American families and busi-3 nesses, and is not in the best interest of the United States. 4 Passed the House of Representatives March 21, 2024. Attest: Clerk. 118 TH CONGRESS 2 D S ESSION H. CON. RES. 86 CONCURRENT RESOLUTION Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.