Cap-and-trade is a scheme designed by liberals to restrict businesses and place burdensome taxes and fees on them for surpassing an arbitrary level of carbon emissions. It’s based upon the idea that mankind is solely responsible for global warming and climate change. California’s liberals passed the nation’s first cap-and-trade law a couple years ago causing a number of companies to leave the state. In a surprising bi-partisan vote, the state legislature voted to extend their cap-and-trade law through 2030.
California lawmakers voted Monday evening to extend the state’s premiere program on climate change, a victory for Gov. Jerry Brown that included unprecedented Republican support for fighting global warming.
In a break with party leaders and activists in California and Washington, eight Republicans joined with Democrats to continue the cap-and-trade program, which requires companies to buy permits to release greenhouse gases into the atmosphere.
The legislation would keep the 5-year-old program operating until 2030, providing a key tool for meeting the state’s ambitious goal for slashing emissions. Cap and trade also generates important revenue for building the bullet train from Los Angeles to San Francisco, another priority for the governor…
After a couple of years of cap-and-trade in effect, the air over California cities like Los Angeles is still filled with smog and often reaches levels that make it unhealthy to breathe for anyone with respiratory conditions. The only real benefit that I’ve heard of is that it has helped to drive businesses to other states who not only do not have an unfair cap-and-trade law but generally have much lower taxes.