If you haven’t read my two lengthy columns earlier this week about the recent Senate committee hearing about how to spend the Air Resource Board’s cap and trade auction revenues, take the time to do so – Part l is HERE, and Part ll is HERE.

They exemplify what takes place inside the State Capitol every day, and show how policy is made.

I transcribed exactly what was said at the four-hour hearing on climate change policies, with Senators deciding how to spend the anticipated $3 to $5 billion a year taxed on California businesses who have been deemed polluters by the California Air Resources Board.

The billions of dollars expected from the CaliforniaAir Resources Board’scap and trade auctions areexpected to pay for the anticipated transition from a market economy to a centrally planned one. Yetnothing in… Read More