Posted by Jon Coupal at 2:15 am on Jul 24, 2017 Comments Off on Legislature abandons state’s middle class
California’s middle class, who pay the bulk of all taxes in
California, are constantly under attack from Sacramento
politicians. Already this year, the Legislature approved Senate
Bill 1, to add 19 cents per gallon to the cost of fuel beginning in
October and an average of a $50 increase in the car tax. This
translates into at least $400 in additional taxes for the average
California family.
Now, Sacramento politicians have compounded the damage by
imposing another fuel cost increase by extending the state’s
cap-and-trade program, a market-based regulatory system for
controlling greenhouse gas emissions. Under this program, impacted
industries buy credits at auction which are then used to
incentivize decreases in pollution levels.
Surprisingly, many industries forced into the “cap-and-trade”
auctions supported the extension because they were threatened by
Gov. Brown, environmental extremists and powerful regulators with
an alternative program run completely by the government bureaucrats
at the California Air Resources Board. And those were not idle
threats.
Be that as it may, some legislators are using the “it could have
been worse” argument to… Read More