Stemming Warming and Augmenting Pay Act of 2019

H.R. 4058 · 116th Congress · Jul 25, 2019 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to impose a tax on greenhouse gas emissions, accordingly reduce tax rates on payroll, and for other purposes.

1. Short title; table of contents

(a)

Short title— This Act may be cited as the “Stemming Warming and Augmenting Pay Act of 2019” or the “SWAP Act”.

(b)

Table of contents— The table of contents for this Act is as follows:

2. Findings

The Congress finds the following:

(1)

Climate change threatens global stability and our national economy.

(2)

Carbon emissions are a significant contributor to these threats and must be addressed.

(3)

The United States private sector can face these challenges and be a global leader in technology, innovation, and efficiency.

(4)

A price on carbon levels the economic playing field and spurs adoption of less carbon-intensive practices and technologies.

(5)

Recycling revenues back to employers and employees will neutralize the potential impacts of a tax.

Lineage

Jul 25, 2019viewing Introduced in House Mr. Rooney of Florida (for himself and Mr. Lipinski) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

Stemming Warming and Augmenting Pay Act of 2019

1. Short title; table of contents

2. Findings

Cite this provision

Incoming references