Carbon Taxes are Detrimental to the U.S. Economy
Dear Members of Congress:
The undersigned organizations urge you to support the concurrent resolution, introduced by Majority Whip Steve Scalise (R-La.) and Congressman David McKinley (R-WV), which expresses the sense of the Congress that a carbon tax would be detrimental to the U.S. economy.
We oppose any carbon tax. We oppose a carbon tax because it would lead to less income and fewer jobs for American families.
For example, a 2014 Heritage Foundation report found that a $37 per ton carbon tax would lead to a loss of more than $2.5 trillion in aggregate gross domestic product by 2030. That is more than $21,000 in income loss per family.
In addition, a carbon tax would cost over 500,000 jobs in manufacturing and more than 1 million jobs by 2030. According to a 2013 CBO report, a carbon tax is highly regressive.
After President Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017, more than 90 percent of wage earners have had higher take-home pay.
At least 500 companies of all sizes have already announced special bonuses, pay raises, 401(k) match increases, tuition assistance, new training programs and other benefits for workers.
Thanks to the GOP tax cuts, utility companies are lowering rates, which means lower bills for consumers.
A carbon tax would reverse many of these successes.
We support the House Concurrent Resolution in opposition to a job-killing carbon tax and urge members to co-sponsor and support this effort.
President, Americans for Tax Reform
James L. Martin, Founder/Chairman
Saulius “Saul” Anuzis
60 Plus Association
President, American Commitment
President, American Energy Alliance
Lisa B. Nelson
CEO, ALEC Action
President, Campaign for Liberty
President, The Carlstrom Group, LLC
Andrew F. Quinlan
President, Center for Freedom and Prosperity
President, Center for Individual Freedom
President, Competitive Enterprise Institute
President, Consumer Action for a Strong Economy
President, Council for Citizens Against Government Waste
President, Energy & Environmental Legal Institute
Executive Director, Family Business for Affordable Energy
Vice President of Legislative Affairs, FreedomWorks
Carrie L. Lukas
President, Independent Women’s Forum
Heather R. Higgins
CEO, Independent Women’s Voice
President, Less Government
President, Taxpayers Protection Alliance
Founder, Tea Party Nation
Co-Chair, Women for Trump
Becky Norton Dunlop
Former Secretary of Natural Resources, Commonwealth of Virginia