Hoeven, Cassidy Introduce Resolution Opposing Carbon Tax

WASHINGTON – Senator John Hoeven, a member of the Senate Energy Committee, today introduced a resolution, led by Senator Bill Cassidy, M.D. (R-LA), opposing a carbon tax. The resolution outlines the negative impacts of a carbon tax, including discouraging domestic manufacturing and energy production, more jobs and businesses moving overseas, and lower economic growth.

“Imposing a carbon tax on U.S. producers would take our nation in the wrong direction – hampering economic growth and raising costs for American families,” said Senator Hoeven. “Instead of raising taxes on energy development in this country, we should take the handcuffs off our energy producers to increase supply and lower prices for consumers. We have the resources right here in the U.S. to produce the energy our nation needs with good environmental stewardship.”

“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 Dr. Cassidy. “We should be for Americans and the environment, not an ideological devotion to a domestic carbon tax.”

The resolution urges Congress and the president to focus on pro-growth solutions that encourage increased development of domestic resources.

In addition to Hoeven and Cassidy, the resolution was sponsored by Senators Kevin Cramer (R-ND), Mike Lee (R-UT), John Cornyn (R-TX), Jim Risch (R-ID), Pete Ricketts (R-NE), Roger Marshall (R-KS), John Barrasso (R-WY), Cynthia Lummis (R-WY), Mike Rounds (R-SD), Ted Budd (R-NC), James Lankford (R-OK), Ted Cruz (R-TX), and Cindy Hyde-Smith (R-MS).