Search Results: keywords:"import tax"

  • H. R. 8962 — To amend the Internal Revenue Code of 1986 to establish a methane border adjustment mechanism.
    Status:Introduced in House
    Words:1,707

    H.R. 8962 seeks to amend the Internal Revenue Code of 1986 by establishing a methane border adjustment mechanism. This mechanism would impose a tax on imported methane-producing substances like petroleum and natural gas, based on the methane emissions from the country where they were...

    Simple Explanation

    H.R. 8962 is a plan to make countries pay more money when they sell oil and gas to the U.S. if they let a lot of methane, which is a type of gas that makes the Earth warmer, escape where it's made. This is like telling countries to clean up their mess better before selling it, so the whole world can work together to pollute less.

  • H. R. 8352 — To require the imposition of additional duties with respect to imports of green energy goods that originate in the People’s Republic of China, and for other purposes.
    Status:Introduced in House
    Words:1,453

    H.R. 8352, titled the "Declaring Our Energy Independence from China Act of 2024," aims to impose additional duties on imports of green energy goods originating from China. The bill highlights the significant control China holds over the global green energy supply chain and emphasizes the need...

    Simple Explanation

    The bill wants the United States to be less reliant on China for energy by charging extra for green energy items coming from China. It also asks for reports on how much of these items are made in the U.S. and checks on China's financial help to its energy industry.