WASHINGTON (December 7, 2023) Today, Congressmen Brian Fitzpatrick (R-PA) and Salud Carbajal (D-CA) introduced the MARKET CHOICE Act, which would replace the federal gasoline tax with a broader tax on CO2 emissions from fossil fuel combustion and large industrial sources. 

The bill also includes a border tax adjustment to address imports and exports, joining bills from both Republicans and Democrats addressing trade and climate. The bill would dedicate most of the revenue for investment in infrastructure, replenishing the Highway Trust Fund which is currently funded by the federal gas tax. Additional funds would go to resilience, with a special focus on flooding, assistance to displaced energy workers, low-income households, and research, development and deployment for carbon removal, carbon capture and storage and advanced energy. 

Following is a statement from Dr. Daniel Lashof, U.S. Director, World Resources Institute:

“With 2023 almost certain to be the hottest year on record, and report after report telling us that we are not on target to meet our global emission reduction goals necessary to prevent the worst impacts of unmitigated climate change, WRI is pleased to see Representative Fitzpatrick’s introduction of the bipartisan MARKET CHOICE Act to address climate change.  

“While Congress has recently enacted significant measures to curb climate change, the science is clear: we must take additional action and have no time to waste. We are particularly pleased to see a serious bipartisan proposal to use market forces to help address climate change. We hope that additional members of both parties will support smart climate policies like the MARKET CHOICE Act, and we commend Mr. Fitzpatrick and Mr. Carbajal for their leadership. 

“WRI looks forward to working with any and all in Congress who are ready to champion serious climate policies.”