Polis Just Voted To Raise Your Taxes
The U.S. House of Representatives voted in support of a resolution to send a message that a carbon tax would be detrimental to American families and businesses. The bipartisan resolution that passed Thursday sends a clear message that a carbon tax is not in the best interest of the United States.
The consensus of Congress is that a carbon tax would harm families and businesses to the tune of $1,900 a year in extra spending. It is well known that those most affected by fuel taxes tend to be lower income households who can least absorb the burden.
Unfortunately, Colorado Congressman Jared Polis doesn’t see it this way. He voted against Thursday’s resolution, sending a message to a state where he hopes to be elected governor this November that he would support raising taxes.
Polis voted against a similar resolution in 2016. In 2013Polis voted to allow President Obama to impose a carbon tax without the approval of Congress. He even took to the House Floor one time to talk about how “excited” he was at the prospect of implementing this tax.
Fast Facts On Carbon Taxes:
- According to the nonpartisan Congressional Budget Office (CBO), a carbon tax would lead to lower wages, less labor and less investment.
People will be paying more at the gas pump, which means they’ll have less to spend or invest elsewhere.
- A carbon tax would disproportionately impact low-income households.
The additional cost from higher fuel prices would consume a greater share of income for low-income households.
- A carbon tax would lead to higher utility costs.
Colorado would be less impacted by higher electricity prices because of the state’s lower dependence on coal, but households would still see increases from the new tax.