Central Louisiana News

U.S. Senator Bill Cassidy, along with 14 Republican colleagues, has taken a strong stance against the implementation of a carbon tax. The resolution highlights the potential negative impacts of such a tax, including discouraging domestic manufacturing and energy production, causing job and business migration overseas, and hindering economic growth.

Dr. Cassidy argues that a carbon tax would incentivize industries to move to countries like Asia, where dirtier fuel is used without adequate environmental safeguards. This, in turn, would increase global emissions and weaken the U.S. economy. He believes that the focus should be on supporting Americans and the environment, rather than imposing a domestic carbon tax.

Senator Cramer points out that American businesses already bear the burden of environmental stewardship, and implementing a new regressive tax would disadvantage American workers and encourage investment in countries with lax environmental standards. He emphasizes that it is crucial to support American producers who have made significant progress in reducing emissions.

Senator Cornyn stresses that job-killing government regulations are not the solution to addressing climate change. Instead, he advocates for innovation and American ingenuity as the key to tackling environmental challenges.

Senator Risch highlights the negative impact a carbon tax would have on national security and energy policy. He argues that such a tax would manipulate the market, leading to high energy prices and hindering the country's ability to compete with countries like China. He believes that it is essential to prioritize domestic energy resources and avoid burdening Idahoans with the costs of a radical green agenda.

Senator Ricketts criticizes President Biden's approach to domestic energy, stating that it has raised prices for consumers and hindered progress towards achieving energy independence. He argues that at a time of high inflation and global instability, the focus should be on lowering costs and increasing energy production at home, rather than implementing a carbon tax.

Senator Marshall asserts that a carbon tax is an elitist scheme by powerful environmental groups that would harm the economy, industries, and the livelihoods of hard-working American families. He believes that innovation, rather than attacking Americans, is the key to combating climate change.

Senator Barrasso opposes a carbon tax and advocates for a pro-growth and pro-development energy strategy. He argues that cutting carbon emissions should be achieved through innovation, rather than costly taxes and heavy-handed regulations.

Senator Hoeven argues that imposing a carbon tax on U.S. producers would hinder economic growth and raise costs for American families. He believes that instead of increasing taxes on energy development, the focus should be on unleashing the potential of energy producers to increase supply and lower prices.

Senator Lummis criticizes President Biden's assault on domestic energy production and argues that implementing a carbon tax would further undermine American energy dominance and national security. She emphasizes the importance of promoting pro-growth solutions that keep jobs and businesses in the U.S., rather than shipping them overseas.

Senator Budd emphasizes that a carbon tax would harm hardworking Texans and Americans, discouraging domestic manufacturing and energy production, outsourcing jobs, and burdening working-class families. He believes that access to affordable energy is essential for Texans and opposes a carbon tax alongside the Biden administration's radical climate agenda.

Senator Cruz considers the demand for a carbon tax by climate activists as a weapon against American workers and industries. He argues that taxes are regressive and hinder growth and innovation, and a carbon tax would be no different.

Senator Hyde-Smith stresses that taxes, including a carbon tax, are regressive and impede growth and innovation. She asserts that the resolution aims to emphasize this fact and oppose a carbon tax.

The U.S. Energy Information Administration projects that the use of liquid fuels and natural gas in the U.S. will continue to increase until at least 2050. Additionally, the U.S. has already made significant reductions in greenhouse gas emissions since 2005.

The resolution urges Congress and the president to prioritize pro-growth solutions that support the increased development of domestic resources.

In addition to Senator Cassidy, the resolution is sponsored by Senators Kevin Cramer, Mike Lee, John Cornyn, Jim Risch, Pete Ricketts, Roger Marshall, John Barrasso, John Hoeven, Cynthia Lummis, Mike Rounds, Ted Budd, James Lankford, Ted Cruz, and Cindy Hyde-Smith.

Click this link to access more information: https://www.cassidy.senate.gov/newsroom/press-releases/cassidy-leads-republican-senate-opposition-to-a-carbon-tax