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HI SR99
Resolution
Status
3/10/2023
Primary Sponsor
Karl Rhoads
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AI Summary
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Urges United States Congress to pass national carbon fee and dividend legislation that taxes fossil fuel burning and returns revenues to households as equal lump-sum rebates.
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Cites support from over 3,600 economists including 28 Nobel Laureates and 15 former Council of Economic Advisers chairs who endorse carbon pricing as the most cost-effective method to reduce emissions.
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Supports inclusion of border adjustments such as carbon-content-based tariffs on imports from countries without comparable carbon pricing and refunds to U.S. exporters to maintain business competitiveness.
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Notes that carbon fee and dividend can be implemented quickly using existing federal mechanisms like the Internal Revenue Service and positions the U.S. as a climate leader while incentivizing other nations to adopt similar policies.
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Directs transmission of certified resolution copies to the President, Vice-President, Speaker of the House, Senate Majority Leader, and Hawaii's congressional delegation.
Legislative Description
Urging The United States Congress To Adopt National Carbon Fee And Dividend Legislation.
United States Congress
Last Action
Referred to PSM/AEN.
3/15/2023