House votes against EU aviation emissions tax

Markets

Wednesday, November 14, 2012

The U.S. House on Tuesday approved legislation to ensure the United States will not participate in a European Union effort to tax American and other nations’ aircraft operators and air carriers for their emissions when flying into and out of the European Union. The bill, approved by voice vote, is the Senate version (the European Union Emissions Trading Scheme Prohibition Act of 2011, S. 1956) of a bipartisan bill that was introduced in the House by Transportation and Inf...

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