Code · BILL · 116th Congress · H.R. 4058 (Introduced in House) — To amend the Internal Revenue Code of 1986 to impose a tax on greenhouse gas emissions, accordingly reduce tax rates... · Sec. 2

Sec. 2. Findings

79 words·~1 min read·/bill/116/hr/4058/ih/section-2

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The Congress finds the following: Climate change threatens global stability and our national economy. Carbon emissions are a significant contributor to these threats and must be addressed. The United States private sector can face these challenges and be a global leader in technology, innovation, and efficiency. A price on carbon levels the economic playing field and spurs adoption of less carbon-intensive practices and technologies. Recycling revenues back to employers and employees will neutralize the potential impacts of a tax.