Fox Business
Expand
Browse All Video
Watch Live

You're watching...

How Would a Carbon Tax Impact You?

Details

  • Description

    Sen. Lisa Murkowski, (R-Alaska), on the carbon tax proposal by Senate Democrats.

  • Duration 4:56
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Well over a trillion dollars in new taxes coming in the form of carbon taxes.

That's -- -- environmental proposal unveiled today by two of the most liberal members of the US senate.

Barbara Boxer from California and Bernie Sanders from Vermont they want to make polluters manufacturers and power plant operator's -- the pollution they generate.

-- joining me now with the top Republican on the senate energy committee senator Lisa Murkowski senator thanks for being with us again it's always great to -- CEO.

What do you -- -- carbon tax good idea or bad idea.

Hey this is something that is going absolutely.

Nowhere.

If so what is proposed -- something that is going to increase the cost of that consumers.

This is just not gonna happen.

And when you think about the proposals that have -- before the congress in the past that -- the cap and trade proposal didn't even wasn't even taken up.

By -- by the democratic led -- they didn't want to touch that I don't think they're gonna wanna touch a carbon tax either.

This is something that is just gonna increase the cost to the consumer at a time.

That that nobody is looking to increase -- -- 'cause we shouldn't be looking to increase that we should be making art energy more affordable and we did let me get some -- -- here because Heritage Foundation is put out some pretty eye popping numbers on the cost of a carbon tax above and beyond the tax itself.

It would result in the loss they say the million jobs.

It would raise a family of force energy bill by 500 bucks a year gas prices would rise by fifty cents a gallon.

We're talking about massive economic impacts and that's because at the end of the day let's face it senator.

Energy companies are -- just pay that tax out of goodness of their hearts are gonna pass that on -- -- -- do.

-- -- right under the consumer exactly sell.

And -- to suggest that somehow or other added that this is going to be.

That -- I understand that the proposal allows for some kind of a rebate to the consumer will it.

It all the costs -- and you have gone up.

This rebate back to you is not going to take to suffice it's not going to.

Even that playing field there that cost is going to be.

Born by the consuming and those that will be hurt the most.

Are those who can least afford it they did this most vulnerable who pay high energy costs in my state surely aware -- and 567.

Dollars a gallon for home heating fuel and the idea is -- increase that price and I need to do is use less we'll tell that to the people.

Who are facing a winner where it's forty below -- you're -- new way of looking at this GO.

What will this -- to energy production companies and their ability to find.

Growth.

New investment opportunity is will they will they shut down close down what's the impact to the industry.

I think the impact is entirely.

Negative they're gonna make that business judgment decision -- and it they're -- They're gonna go elsewhere all these jobs that we've been seeing that had been helping the struggling economy.

Those jobs in the -- gas sector.

You're -- gonna -- those around except when when need.

Dance policies.

That again in trees that cost to the consumer.

Increase costs elsewhere so that you -- in business judgment decisions to go elsewhere tell me how it is is good.

For current economic policy tell me how this is good for -- energy well.

Did the -- the attractions are many I think for people on the left they -- one point two trillion raised over a decade.

And what they say in what I'd like you to respond to is this will get people off of oil popped -- out cold pop up all the carbon based fuels and they see that as a positive.

Do you agree.

You know I think that there are ways that we can move to that next generation.

Energy.

And and we can do it by encouraging.

These breakthrough technologies think about where we are with natural gas right now.

Not even not even ten years ago we were looking to import.

Because of the technologies that are out there.

We have shifted dramatically from -- at a time of scarcity to one of abundance.

So this this notion that somehow or other what we've got to do is increase the prices.

So that we we will.

-- lesson I resource.

If it it just doesn't pan out why why are we not Smart why are we not tapping into the American ingenuity.

And an engineer our way to the tune to the new clean -- -- -- -- affordable yeah until you don't have.

Load More