MARKET CHOICE Act

HR 3338, the MARKET CHOICE Act, would impose a tax on greenhouse gas emissions from fossil fuels, industrial processes, and certain products, starting at $40 per metric ton of carbon dioxide equivalent in 2027 with annual increases based on inflation. The tax would be paid by owners or operators at specific points in the supply chain, with exemptions for carbon capture and certain product uses that reduce emissions. Revenue from the tax would fund infrastructure projects, climate adaptation initiatives, and worker retraining programs for displaced energy workers, while establishing a National Climate Commission to set emissions reduction goals.