Lopez: Carbon Taxes Hurt Low-Income Families And Seniors The Most

Mario H. Lopez: President of the Hispanic Leadership Fund spoke at ATR’s no-carbon-tax event on July 25. He said:

“We promote public policy that furthers liberty, opportunity and prosperity for all Americans. A key component of that mission is opposing policies that make it more difficult for ordinary Americans to make economic progress and to provide for themselves and their families. I am here today because sadly carbon taxes do have a profound negative effect. What else would you expect from a policy that aims to increase taxes staggering $800 billion of the next ten years starting in 2020. The question isn’t really what prices are rising from a carbon tax, but what prices won’t go up from a carbon tax? We are talking about raising the cost of electricity, gasoline, airfares, manufactured products, transporting food and anything else that uses energy which is pretty much everything.”

Lopez also mentioned the disastrous effects of a carbon tax — like the one being pushed by Congressman Carlos Curbelo — on senior citizens, low-income households, and jobs:

”Carbon taxes hurt low-income families and seniors the most, simply because energy costs are a bigger part of their family budget. A carbon tax is basically a subsidy for the elitist. Then there is the effect on jobs: One aspect of this is that the more expensive energy is in America, especially for manufacturing companies, the more likely it is for them to shift business operations and therefore jobs overseas.”