Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

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

by admin October 21, 2025
October 21, 2025
GOP bill targets United Nations’ global carbon ‘tax scheme’

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
US to expedite nuclear-powered subs to Australia that will sit near China’s doorstep
next post
Hamas transfers coffin of dead hostage to Israel, IDF confirms

Related Posts

Jury pool shrinks as Ryan Routh trial unfolds...

September 10, 2025

Trump’s ‘big, beautiful bill’ faces Republican family feud...

June 28, 2025

Biden awards Pope Francis with highest civilian honor,...

January 13, 2025

Senate GOP barrels past blockade to advance nearly...

December 11, 2025

CPAC straw poll reveals who conservatives believe will...

February 23, 2025

Senate confirms Pam Bondi as US attorney general

February 5, 2025

Elon Musk’s budget-slashing hits political reality of suffering...

February 19, 2025

Scientists expect major ‘medical breakthroughs’ despite Trump’s cap...

February 12, 2025

Russian government says it is willing to improve...

December 28, 2024

Michelle Obama says America ‘not ready’ for woman...

November 16, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Capitol police arrest Rubio hearing disruptor, as Republican senator says ‘off to jail’
  • Trump calls on employers nationwide to match contributions into workers’ kids’ Trump Accounts
  • Rubio warns NATO allies US is ‘not simply focused on Europe,’ doesn’t have unlimited resources

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics

    January 29, 2026
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    January 29, 2026
  • Capitol police arrest Rubio hearing disruptor, as Republican senator says ‘off to jail’

    January 29, 2026
  • Trump calls on employers nationwide to match contributions into workers’ kids’ Trump Accounts

    January 29, 2026
  • Rubio warns NATO allies US is ‘not simply focused on Europe,’ doesn’t have unlimited resources

    January 29, 2026
  • Gulf shipping operations grind to halt near Iran, US quietly prepares for possible strike: ‘Heightened risk’

    January 29, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (607)
  • Investing (2,913)
  • Politics (3,568)
  • Stocks (1,054)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2026 bullhedging.com | All Rights Reserved