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Katy Grimes

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

Katy Grimes

Gov’s proposal for cap and trade funds for High-Speed Rail under scrutiny

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

Katy Grimes

Calif. business leakage is a bummer

The word ‘leakage’ is the new politically correct term used by legislators, the Governor, bureaucrats and the California Air Resources Board to describe what happens when California businesses leave the state because of tax increases and stupendous regulations… as if any of them know what it means for a business to make the difficult decision to close a location, terminate hundreds of employees, and move a business.

As The Dude in the Big… Read More