Thousands Petition Gov. Brown To End Cap And Trade
Wednesday, May 30, 2012
Californians Against Higher Taxes and business groups delivered the petitions against what they call an illegal and hidden energy tax. The cap and trade program would limit greenhouse gas emissions by requiring polluters to purchase pollution credits at auction.
But John Kabateck, with the National Federation of Independent Businesses, says it amounts to an illegal tax that would kill businesses. “Experts say that this tax could drain 30-billion dollars from California employers by the year 2020, those costs will have to be passed onto someone and that means small business owners and consumers are going to be hit with higher prices.”
Opponents also say the program is unconstitutional without a vote by the people or a two-thirds vote in the legislature.
Assembly Speaker John Perez has said spending and regulating auction revenues doesn’t constitute a tax.