Posted by BOE Member George Runner at 12:00 am on Jun 02, 2009 Comments Off on Assembly Bill 656: The Hugo Chavez Empowerment Act
Assembly Bill 656 is a picture-perfect example of the flawed
logic that prevails in the California Legislature as legislators
wrestle with an enormous budget deficit while also trying to
appease the dominant far-left liberal wing.
Need revenues? No problem. Tax big oil. That scenario plays well
in a Democrat primary, so full steam ahead.
It’s not a coincident that AB 656 is authored by Assemblyman
Alberto Torrico, who is embroiled in a contested primary for
Attorney General in 2010 and thus needs to burnish his liberal
credentials. AB 656 seeks to raise revenues and attack the
oil industry by assessing an excise tax on oil – extracted only in
California.
Where to begin. First, Mr. Torrico’s bill clearly makes us more
dependent on foreign oil at a time when most Californians want us
less dependent on foreign oil.
AB 656 also would increase gas prices in the midst of the worst
recession we have experienced in our lifetimes – and everyone
acknowledges that a gas price increase will hit the poor
hardest. I guess the party of the less privileged can hammer
the less fortunate if it benefits them politically!
Finally, the one principle… Read More