Carbon Tax: US Congress Opposes New Economic Burdens
The US Congress expresses opposition to a carbon tax, arguing it would raise energy and essential product prices, disproportionately affecting low-income families and seniors. The resolution states such a tax would harm American businesses, leading to job losses and slower economic growth. The aim is to protect citizens from increased living costs and maintain economic competitiveness.
Key points
A carbon tax would increase prices for gasoline, electricity, natural gas, and heating oil, raising living costs for everyone.
Food and other essential product prices would rise, particularly impacting the elderly and those on fixed incomes.
Businesses might move production overseas, resulting in US job losses and slower economic development.
Expired
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