Carbon Tax Replacing Fuel Tax, Infrastructure Investment, and House Financial Trading Ban
This bill replaces federal motor vehicle and aviation fuel taxes with a new tax on greenhouse gas emissions to fund infrastructure and provide grants to low-income households. It also establishes Election Day as a federal holiday, bans Members of the House of Representatives from trading covered financial instruments, and increases funding for cancer research.
Key points
Imposes a carbon tax starting in 2027 while repealing federal taxes on motor vehicle and aviation fuels.
Allocates revenue to the Highway Trust Fund, clean energy projects, and state grants for low-income households.
Prohibits Members of the House of Representatives from owning or trading covered financial instruments.
Designates Election Day as a federal holiday and mandates reinforced doors in schools for safety.
Status:
Introduced
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