Larson Reintroduces America Wins Act to Tackle Climate Change
Washington, D.C. - Today, Rep. John B. Larson (CT-01) reintroduced the America Wins Act. The America Wins Act would boldly address the climate crisis and our infrastructure deficit. It implements a carbon tax to lower greenhouse gas emissions and raise revenue to reinvest in infrastructure, innovation, and the American people.
"Climate change is one of the largest existential threats we face as a nation and as a planet. It requires bold solutions. The America Wins Act could be that bold solution. It taxes pollution at its source, which would lower our greenhouse gas emissions by more than 50 percent over the next 9 years. Thispolicy alone would meet President Biden's 2030 greenhouse gas emissions reduction target, and set the United States on a path towards net zero emissions by 2050.
"The Act would also invest in our nation's crumbling infrastructure,ensure frontline communities affected by climate change have the support they need, and fund green energy and energy efficiency research. This is a win for Americans, the United States, and our planet."
The America Wins Act:
Reduces Carbon Emissions: The America Wins Act (AWA) reduces greenhouse gas emissions by 52% by 2030, laying the groundwork for zero emissions by mid-century. By implementing a tax on carbon at an initial rate of $59 per ton emitted rising 6% above inflation annually, this policy alone will ensure the United States meets President Biden's emissions reduction goals, exceeding our commitment under the Paris Climate Accords.
Invests in America: The America Wins Act invests $1.2 trillion over 10 years in rebuilding America's crumbling infrastructure, which the American Society of Civil Engineers grades at a D+.
Funds Resiliency and Energy Innovation: The America Wins Act directs mandatory funding for clean energy and climate-related research and programing across the federal government.
Supports Climate Justice & Frontline Communities: The America Wins Act provides $70 billion in funding for programs to support communities transitioning from a carbon dependent economy and communities most heavily impacted by climate change and carbon pollution.
Protects Americans from Increased Energy Costs: The America Wins Act directs $900 billion towards consumer relief. Lower income Americans would be eligible for a rebate administered through existing federal programs, insuring that any household at 150% of the poverty line or below are not burdened by increased household costs. Remaining funds raised from the carbon fee would distributed to middle-class households (income range between 151 and 400% of the poverty line) through a Consumer Tax Rebate.
Creates Jobs and Economic Growth: A $1 trillion investment in infrastructure has the potential to create creates up to 22 million jobs in construction alone.