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July 20, 2018

GOP Representative Curbelo introduces bill to tax business use of fossil fuels

  • Government
  • Elected Body
  • Energy

Reuters – A decade of inaction by the U.S. Republican Party on climate legislation will end next week when one its own offers a carbon tax bill, which is sure to fail in the House of Representatives, but is notable for winning even a little Republican support.

Representative Carlos Curbelo of Florida, a member of the House tax committee, said he will unveil the bill on Monday.

The measure was expected to propose replacing the federal gasoline tax with a tax on businesses calculated by how much oil, coal and other fossil fuels they buy.

“When paired w/ regulation changes, infrastructure investment & the repeal of regressive taxes — like I’ll be proposing Monday — it can protect our environment & protect economic growth,” Curbelo said of his proposal on Twitter.

Read more at Reuters.

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