Someone recently asked me what Cap and Trade and Carbon Trading is. The simple answer is the State of California is taxing the air we breathe. However, it is also one of the biggest taxing schemes perpetrated on Americans, Californians, and businesses.
Carbon trading is actually emissions trading by businesses forced into these “agreements.”
When California’sGlobal Warming Solutions Act,AB 32, was passed in 2006, it was sold to the public as a necessary step to reduce dangerous carbon emissions. California politicians gloated over being the first state to enact such an aggressive policy.
The state’s unemployment rate was very low at the time at only4.8 percent. It subsequently… Read More