CA State Senator’s Proposal Moves from Cap & Trade to Fee & Rebate

On February 20, 2014, California Senate President pro Tempore Darrell Steinberg (D – Sacramento) proposed removing transportation fuels from the state’s Cap & Trade program under AB32, the Global Warming Solutions Act of 2006. Steinberg said the State should instead add a 15 cent per gallon gasoline tax that would increase over time, return two-thirds of the revenues to low and middle-income families through an Earned Income Tax Credit, and spend the rest on mass transit and similar projects. Read more

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