Americans for Prosperity Opposes Carbon Border Adjustment Tax
Americans for Prosperity, a libertarian political advocacy group, is asking lawmakers to reject a carbon border adjustment tax, "which some are looking to include" in the reconciliation bill in the Senate (see 2107200028). The group says it would devastate the…
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economy. AFP President Tim Phillips said, "Making things more expensive for Americans isn't going to improve the environment, but it will make a lot of people worse off -- particularly the least fortunate. ... Importing a border carbon tax would cause incredible harm to our economy, inviting retaliatory tariffs from other countries, burdening farmers with higher costs, and causing prices on everyday goods like fuel and groceries to skyrocket even higher and faster than they are already. Beyond being harmful policy, a border carbon tax also runs afoul of established trade agreements and would be nearly impossible to implement. Washington needs to shake loose this flawed mindset that the only path to a flourishing, healthy environment is economic pain and higher taxes -- it's the exact opposite.”