Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Economy News

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

admin by admin
October 20, 2025
in Economy News
0
GOP bill targets United Nations’ global carbon ‘tax scheme’
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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
Previous Post

Hamas transfers coffin of dead hostage to Israel, IDF confirms

Next Post

US to expedite nuclear-powered subs to Australia that will sit near China’s doorstep

Next Post
US to expedite nuclear-powered subs to Australia that will sit near China’s doorstep

US to expedite nuclear-powered subs to Australia that will sit near China’s doorstep

  • Trending
  • Comments
  • Latest
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Cruz clashes with Nigeria over his claims 50,000 Christians killed since 2009 in religious violence

Cruz clashes with Nigeria over his claims 50,000 Christians killed since 2009 in religious violence

October 7, 2025
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

March 20, 2025
US Senate Passes Bill to Reopen Longest Government Shutdown – Bullish for Crypto?

US Senate Passes Bill to Reopen Longest Government Shutdown – Bullish for Crypto?

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
US Senate Passes Bill to Reopen Longest Government Shutdown – Bullish for Crypto?

US Senate Passes Bill to Reopen Longest Government Shutdown – Bullish for Crypto?

November 11, 2025
Brazil Tightens Oversight of Crypto Firms With New Central Bank Rules

Brazil Tightens Oversight of Crypto Firms With New Central Bank Rules

November 11, 2025
InMed Pharmaceuticals: Innovating Cannabinoid-inspired Medicines, Backed by Real Revenue and Clear Path to Value

InMed Pharmaceuticals: Innovating Cannabinoid-inspired Medicines, Backed by Real Revenue and Clear Path to Value

November 11, 2025
CleanTech Lithium

CleanTech Lithium

November 11, 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 News

    US Senate Passes Bill to Reopen Longest Government Shutdown – Bullish for Crypto?

    US Senate Passes Bill to Reopen Longest Government Shutdown – Bullish for Crypto?

    November 11, 2025
    Brazil Tightens Oversight of Crypto Firms With New Central Bank Rules

    Brazil Tightens Oversight of Crypto Firms With New Central Bank Rules

    November 11, 2025
    InMed Pharmaceuticals: Innovating Cannabinoid-inspired Medicines, Backed by Real Revenue and Clear Path to Value

    InMed Pharmaceuticals: Innovating Cannabinoid-inspired Medicines, Backed by Real Revenue and Clear Path to Value

    November 11, 2025
    CleanTech Lithium

    CleanTech Lithium

    November 11, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved