• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

GOP bill targets United Nations’ global carbon ‘tax scheme’

by October 21, 2025
by October 21, 2025

A new House GOP bill would block the United Nations (U.N.) from forcing the U.S. to take up any new tax that was not explicitly levied by American taxpayers’ own government.

It’s expected to be introduced this week, as the world awaits a U.N. vote on a global tax on carbon emissions made via international maritime shipping. 

Member states of the UN’s relevant body, the International Maritime Organization, voted late last week to postpone consideration of the global tax by a year after fierce pushback by President Donald Trump.

Pfluger’s bill would ensure that the U.S. would not be subject to that tax nor any other fiscal penalties ordered by the international organization, unless ratified by the Senate.

It would also prohibit the U.S. government from funding any global carbon tax, as well as block voluntary contributions to the U.N. by the U.S. if such a tax was levied.

The proposal for a global maritime shipping tax on carbon emissions was championed by Brazil and the European Union, among other countries that had also been advocating for more environmentally friendly international trade.

Its chief opponents were the U.S. and Saudi Arabia, the largest and second-largest oil producers in the world, respectively.

Republican Study Committee (RSC) Chair August Pfluger, R-Texas, is leading the legislation, alongside RSC Energy Task Force Chair Troy Balderson, R-Ohio, and Task Force Vice Chair Randy Weber, R-Texas.

Pfluger told Fox News Digital, ‘This fight isn’t over,’ despite the U.N. punting the vote.

‘This legislation would kill their global carbon tax scheme permanently by depriving all U.S. funding to any U.N. agency that attempts to impose a tax on the American people and ensuring Congress has a say in all taxes, fees and penalties on American citizens or companies,’ he said.

Balderson said he was ‘grateful to President Trump and Secretaries Rubio, Wright and Duffy for standing up to the United Nations and forcing the International Maritime Organization to back down.’

‘Unelected global bureaucrats at the U.N. are trying to build another slush fund, and they expect Americans to pay for it,’ Weber said. ‘A global carbon tax wasn’t on the ballot in November 2024, and the American people sure didn’t vote for a 10% hike in costs.’

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
DOJ seeks removal of Comey’s defense lawyer, citing conflict of interest
next post
Hamas transfers coffin of dead hostage to Israel, IDF confirms

Related Posts

Shooting the American Dream in the Foot?

October 21, 2025

Government Promised Healthcare for All. It Gave Us...

October 21, 2025

Ordoliberalism as a Response to Populism 

October 21, 2025

Chip Roy says Democratic Party taking its ‘dying...

October 21, 2025

Hamas transfers coffin of dead hostage to Israel,...

October 21, 2025

US to expedite nuclear-powered subs to Australia that...

October 21, 2025

James Comey seeks to dismiss his criminal case,...

October 21, 2025

DOJ seeks removal of Comey’s defense lawyer, citing...

October 21, 2025

Senate Dems emboldened by weekend rallies block GOP...

October 21, 2025

Trump admin agencies coordinating to expose Biden admin’s...

October 21, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Digital Matter Doubles Battery Life in IoT Asset Tracking Deployments with New Energy Saving Stack

    October 21, 2025
  • Globalstar Announces Commercial Rollout of RM200M Two-Way Satellite IoT Module

    October 21, 2025
  • Ceva Launches Wi-Fi 7 IP for Smarter, AI-Driven IoT and Physical AI Systems

    October 21, 2025
  • Shooting the American Dream in the Foot?

    October 21, 2025
  • Ordoliberalism as a Response to Populism 

    October 21, 2025
  • Government Promised Healthcare for All. It Gave Us Waiting Lines

    October 21, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 3

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 4

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 5

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 6

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (2,952)
  • Editor's Pick (291)
  • Investing (185)
  • Stock (2,019)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

House Democrats call on Rubio to allow...

August 27, 2025

Trump and Zelenskyy war of words heats...

February 20, 2025

How Mike Johnson rescued Trump’s tax agenda...

April 14, 2025