The governor’s 2014-15 budget proposes to spend $850 million from cap-and-trade auction revenue on various projects — including the state’s high-speed rail project. However, this would defy the very purpose of cap-and-trade.
Under AB 32, California’s Global Warming Solutions Act of 2006, cap and trade takes money from business owners and manufacturers who produce products, but are deemed “polluters” by the state.
It’s like being taxed for being a business that emits any greenhouse gas emissions.
That money is taken out of the economy, and given to the government to decide how it will be spent.
California business owners only know it is money they will never see… Read More