HYDE-SMITH SIGNS ONTO ANTI-CARBON TAX RESOLUTION
Levying Global Warming Tax Would Penalize Workers by Undercutting Domestic Energy, Manufacturing
WASHINGTON, D.C. – U.S. Senator Cindy Hyde-Smith (R-Miss.) today cosponsored a resolution in opposition of a carbon tax on the basis that it would ultimately penalize American workers by undercutting domestic energy production and manufacturing.
The anti-carbon tax resolution, authored by U.S. Senator Bill Cassidy, M.D. (R-La.), also encourages Congress and the President to focus on pro-growth solutions that encourage increased development of domestic resources and American innovation.
“The demand by climate activists for a carbon tax is just one more weapon against American workers and industries. Taxes are regressive and stifle growth and innovation. A carbon tax would be no different, and we stress that fact with this resolution,” Hyde-Smith said.
“Increasing the cost of energy in the U.S. with a carbon tax merely incentivizes industry and those jobs to move to Asia where dirtier fuel is used without any environmental safeguards. This increases global emissions and weakens our economy,” said Cassidy. “We should be for Americans and the environment, not an ideological devotion to a domestic carbon tax.”
The resolution also stresses that imposing a carbon tax on U.S. industry would harm supply chains, national and economic security, and global competitiveness by driving more U.S. jobs overseas, primarily benefitting China.
U.S. Energy Information Administration projections indicate the use of liquid fuels and natural gas in the United States will increase at least through 2050. Furthermore, the United States has reduced greenhouse gas emissions more than any other country since 2005.
Both Hyde-Smith and Cassidy serve on the Senate Energy and Natural Resources Committee that today conducted a full committee hearing to examine federal offshore energy strategy and policies. The Biden administration recently proposed no offshore lease sales in the Gulf of Mexico in 2024.
Additional resolution cosponsors include U.S. Senators Kevin Cramer (R-N.D.), Mike Lee (R-Utah), John Cornyn (R-Texas), James Risch (R-Idaho), Pete Ricketts (R-Neb.), Roger Marshall, M.D. (R-Kan.), John Barrasso (R-Wyo.), John Hoeven (R-N.D.), Cynthia Lummis (R-Wyo.), Mike Rounds (R-S.D.), Ted Budd (R-N.C.), James Lankford (R-Okla.), and Ted Cruz (R-Texas).
Read the resolution here.
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