Domestic manufacturers aren't fooled by Senator Cramer and Senator Cassidy's carbon tax dreams...
Herald Dispatch (1/24/24) op-ed: "A recent survey by the American Energy Alliance shows that likely voters in eight key states want to see elected officials in Washington grow the economy and address inflation rather than focus on climate change. In fact, only 3% identify climate change as the most pressing issue facing our country. Moreover, a majority of voters — including 63% of Republicans — oppose a proposal in Washington to impose a new carbon tax on imported goods. There is good reason to oppose this measure, called the Foreign Pollution Fee Act, as well as a related measure, called the PROVE IT Act. The idea behind taxing imports based on the carbon emissions in the country of origin may seem reasonable at first. But anyone with a fundamental understanding of economics can tell you that domestic job creators and working Americans are the ones who will actually pay for the increased costs associated with this new tax...There is one final reason to oppose the Foreign Pollution Fee Act and the PROVE IT Act. They look suspiciously like a pretext for imposing a domestic tax on carbon. Once the federal regulators have established that carbon is a source of tax revenue, does anyone really believe they won’t impose a similar tax regime on carbon emissions here at home? As the Competitive Enterprise Institute has argued, 'The legislation is also likely the setup for a future regime of domestic carbon taxes.'"
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