Delaney Introduces Legislation to Reduce Carbon Pollution, Reduce Taxes and Boost Economic Growth
Statement
Congressman John K. Delaney (MD-6) has filed legislation to reduce carbon pollution and combat climate change in a pro-growth, economically responsible manner that helps working families. Delaney's legislation offers a new approach, combining efforts to reduce greenhouse gas emissions with a reduction in the corporate tax rate and a new program to help impacted coal workers.
The Tax Pollution, Not Profits Act establishes a tax on greenhouse gas emissions; with receipts from the tax directed towards 1) reducing the corporate tax rate to increase employment and reduce consumer costs 2) providing monthly payments to low-income and middle-class households and 3) funding job training, early retirement and health care benefits to coal workers. Delaney's legislation positions the United States to become a global leader in new energy technology and production and in environmental policy by utilizing a market-based solution.
"Climate change is a big problem that calls for a big solution. Climate change is a threat to American jobs, national security and national health. It's time to get to work combating climate change and reducing greenhouse gas emissions before it is too late," said Congressman Delaney. "The Tax Pollution, Not Profits Act combines strong environmental action with a market-based, pro-growth approach that will grow our economy, improve our business climate and make sure that working Americans can thrive. Importantly, we also ensure that coal workers -- whose hard work is legendary and who have played a huge role in building this country -- receive a helping hand. By reducing corporate taxes and taxing carbon, we can deliver a powerful double-bottom line which appeals to both sides of the aisle. In my view, climate change is the environmental issue of this century and we need to bring forward innovative policies that can garner wide support, policies like the Tax Pollution, Not Profits Act."
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