Their is a movement underway in California to suspend their 2006 version of Cap and Trade. This law would require California to reduce down its carbon emissions to 1990 levels by 2020. The plan could raise the cost of living by $3,857 per household each year by 2020 according to a study. California is currently dealing with high unemployment (12.3%) and $20 billion budget deficits. The new initiative would suspend the Cap-and Trade law passed in 2006 until unemployment is below 5.5%. Supporters are trying to put this initiative on this November's ballot.
The WSJ reported:
Could Californians finally be serious about turning around their sputtering economy? One hopeful sign is a ballot initiative that would repeal the Golden State's version of a cap-and-trade carbon tax....
4 comments:
My fellow CA citizens-aren't you tired of the scams that have made our beautiful state broke!!?
As always - I enjoy your posts BP...
C-CS
The woman holding up the sign in the picture is kinda hot! :D
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