Raise Wages, Cut Carbon Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 25, 2019)
Raise Wages, Cut Carbon Act of 2019
This bill imposes excise taxes on fossil fuels and fluorinated greenhouse gases and uses revenues from such taxes to reduce social security taxes.
The bill annually increases funding beginning in FY2020 for the low-income home energy assistance program and the weatherization assistance program for low-income persons. It also directs the Social Security Administration to distribute to Social Security retirement beneficiaries 10% of environmental tax revenues beginning in FY2020.
The bill imposes taxes on (1) the manufacturer, producer, or importer of coal (including lignite and peat), petroleum and petroleum products, and natural gas ($40 per ton in 2020 with a 2.5% increase each year emission reduction targets are not met); (2) any imported taxable product sold or used by its importer; and (3) fluorinated greenhouse gases.
The bill requires a supermajority of either the House of Representatives or the Senate to change the revenue neutrality established by this bill.
The bill also amends the Clean Air Act to suspend certain regulations that limit greenhouse gas emissions. The suspensions expire if emissions targets are not reached after a specified time period.
What just happenedJul 26, 2019
Referred to the Subcommittee on Energy.
Who’s behind it
- Introduced in HouseJul 25, 2019
- Jul 26, 2019Committee
Referred to the Subcommittee on Energy.
Energy, Climate and Grid Security Subcommittee - Jul 25, 2019Committee
Referred to the Subcommittee on Social Security.
Social Security Subcommittee - Jul 25, 2019IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Rules, 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.
Rules Committee - Jul 25, 2019IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Rules, 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.
Education and the Workforce Committee - Jul 25, 2019IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Rules, 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.
Energy and Commerce Committee - Jul 25, 2019IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Rules, 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.
Ways and Means Committee - Jul 25, 2019IntroReferralIntro-H
Introduced in House
- Jul 25, 2019IntroReferral1000
Introduced in House