Cement Companies must choose paying new taxes over creating new jobs
Imagine that you are the proud owner of a cement manufacturing company. The government has just sent you an informative, yet unfortunate reminder that your production costs are about to be raised yet again.
As a person working in the cement industry, you probably followed the legislative proceedings regarding the Global Warming Solution Act of 2006 (Nunez), that was passed into California law. After three years, you receive this reminder from the government that, after three long years, their statewide crackdown on global warming is ready for action!
Well, not exactly.
Before things really get going, they’ll need just a little more of your money: 10 cents for every ton of cement that your plant produces, to be exact. This may not seem like much to an ordinary citizen, but you know full well that the average cement establishment, according to the U.S. Census Bureau and the Portland Cement Association, produces over 420,000 tons of cement yearly. This means that the $42,000 you could have spent to create another California job is now going to help pay for a new government position on the Air Resources Board.
And even that assessment is an… Read More