Cap-and-Trade: Budget Losers

Published: Thursday, Jun. 19, 2014 - 5:06 pm
Last Modified: Saturday, Jun. 21, 2014 - 8:08 am

Re "Sticker shock is coming at the gas pump" (Viewpoints, June 19): It makes me sick to see the articles in The Bee about all the happy politicians and special interest gurus dancing with glee over the loads of money coming into the state through taxes and cap-and-trade. But what about cap-and-trade?

As Jay McKeeman pointed out, cap-and-trade is going to cause gas prices to rise considerably. In 2012, Allan Zaremberg, CEO of the California Chamber of Commerce, predicted cap-and-trade would cost $20 billion to $40 billion in new taxes on electricity and gasoline over the next eight years.

Additionally, the U.S. Senate has a plan to add a 12 cents a gallon tax on gasoline and diesel implemented over two years. Drivers, are you willing to pay $6 a gallon for gas to feed the government gas hog? Think of that the next time you drive to the polls.

-- David Halley, Winters

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