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The Heartland Institute has recently signed a coalition letter led by the American Energy Alliance to “strongly urge a floor vote on the concurrent resolution, H. Con. Res. 24, expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.”
According to AEA, a carbon tax would grow the size of the federal government, slow economic growth, and place a disproportionate economic burden on those with the least capacity to absorb higher energy costs.
From the letter:
The American people and the 133 cosponsors of this concurrent resolution understand that a carbon tax is not about protecting the environment, but rather it is a cynical attempt to raise revenue for Washington’s insatiable appetite for more and more spending. Supporters claim that a carbon tax would not increase taxes since revenues would be offset by reductions elsewhere, but careful analysis shows what the American people instinctively know to be true— new taxes always lead to a higher tax burden for Americans, regardless of promises that are made about “revenue neutrality”