Businesses Oppose U.S. House Anti-climate Resolutions
Washington, DC (June 8, 2016)—In response to proposed U.S. House resolutions against a carbon tax and a proposed $10-per-barrel oil tax, the American Sustainable Business Council (ASBC) released a statement today opposing the resolutions. ASBC called on Congress to recognize the economic benefits of passing an economy-wide carbon tax, and pointed out that failing to act costs more than any reasonable carbon tax would cost.
“These resolutions represent ignorance about climate change and its risks to business and the economy,” said Richard Eidlin, Vice President of Policy and Campaigns at ASBC. “Not only would an economy-wide carbon tax be the best way to stop climate change, it could also boost the economy by funding tax cuts for businesses and consumers, much-needed infrastructure, and supporting the recovery of coal-dependent communities. A carbon tax will help our economy grow as we shift to renewable fuels
“These steps will help keep the United States competitive. No one likes higher taxes, but it is cheaper in the long run to stop climate change than to pay for the damage it will cause. A carbon tax is the most economical way to stop climate change, and the one which best taps the power of market forces,” he said.
“We will be discussing the carbon tax and other strategies for addressing climate change at events we are hosting at both the Republican and Democratic conventions in July. Our members believe that such solutions need to be part of the election decisions this year,” he said.
ASBC supports an economy-wide carbon tax including border price adjustments to protect US competitiveness and transition assistance for coal-dependent communities. More information is available at http://asbcouncil.org/action-center/campaigns/pass-carbon-tax.
The American Sustainable Business Council advocates for policy change and informs business owners and the public about the need and opportunities for building a vibrant, sustainable economy. Through its national member network it represents more than 200,000 business owners, executives and investors from a wide range of industries. www.asbcouncil.org