Assembly passes bad Cap and Trade bill

May 29, 2012

Katy Grimes: The Assembly today passed the controversial Cap and Trade bill,  Assembly Bill 1532, by Assembly Speaker John Perez, D-Los Angeles, which would deposit Cap and Trade carbon credit permit monies into a new Greenhouse Gas Reduction Account, to be managed by the California Air Resources Board.

What a great idea. California is already precariously perched on the edge of a financial cliff – this could be the push that sends the state right over.

AB 1532 would direct the billions of dollars expected to be generated from cap-and-trade auctions in 2012-13, into the new fund. Revenues are expected to exponentially grow in the future, but only if there are any private sector businesses left in the state from which to extort these funds.

“The ARB estimates annual revenue from the auction of
greenhouse gas emission allowances to range from $2 billion to $5 billion in 2013, with that amount increasing to between $17
billion and $67 billion in later years,” the bill analysis states.

The bill would allow the Legislature to direct the appropriation of the funds, with CARB taking charge of the money management.

I think certain legislators see a new checkbook from which to spend.

No one will be spared from this new carbon tax.  As Chicken Little once said, “the sky is falling!

For some of our more recent stories about Cap and Trade in California, carbon credits, and carbon auctions, click HERE. We have been warning about this.

18 comments

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  1. Donkey
    Donkey 29 May, 2012, 17:43

    This is clrearly a power grab by totalitarian political freaks seeking absolute control of a citizens movement through economic means.
    Global warming is as real as Santa Claus but as dangerous Stalin. There are few that inhabit the RAGWUS bureaucracy with the integrity to be trusted with the control of citizens lives, this “cap and trade” con game is one of the clearer examples of totalitarianism. 😉

    Reply this comment
  2. Dyspeptic
    Dyspeptic 29 May, 2012, 18:10

    This Cap and Trade bill is essentially a tax on most if not all business activity in the state. These extra billions in business operating costs will be passed on to consumers as higher prices, to employees as layoffs and lower wages and benefits, and to shareholders as lower dividends and capital gains.

    Why not levy a Pigovian tax on breathing since we exhale carbon dioxide? After all, every little bit helps when your trying to save the planet. At some point the inevitably disasterous effects of this legislation will become obvious even to the lunkheads who populate this sunny dystopia. Then the Demonrat collectivist hacks who run this insane asylum will merely deflect blame for the inevitable economic disaster they have created by pointing there crooked fingers at capitalism, “greedy” businesses and the always hapless Retardpublicans.

    Living in this state is like political waterboarding. The amount of effort put forth in Excremento to torture Californians is just appalling. Yet what prospect is there for any improvement or change? Precious little from what I can tell. The dirt dumb voters of this failed state are afficted with implacable ignorance and their pround of it. I guess the only question at this point is this: When California crashes, will it take the whole damn country with it?

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  3. Dyspeptic
    Dyspeptic 29 May, 2012, 18:13

    Hey Donk, what does “RAGWUS” mean anyway?

    Reply this comment
  4. Donkey
    Donkey 29 May, 2012, 18:25

    It means: Robert
    Rizzo
    And
    Government
    Worker
    Scam

    The RAGWUS is pure evil and inhabits every government bureaucracy. 😉

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  5. Donkey
    Donkey 29 May, 2012, 18:28

    RAGWUS:
    Robert
    Rizzo
    And
    Government
    Worker
    Union
    Scam
    Sorry Dyspeptic, I left out the word “Union” in my first response. 🙂

    Reply this comment
  6. Donkey
    Donkey 29 May, 2012, 18:32

    Dyspeptic, good observations in your post above. 🙂

    Reply this comment
  7. Dyspeptic
    Dyspeptic 29 May, 2012, 18:33

    Shouldn’t it be RRAGWUS then? 🙂

    Reply this comment
  8. Donkey
    Donkey 29 May, 2012, 18:33

    Katy, keep the truth flowing!! 🙂

    Reply this comment
  9. Donkey
    Donkey 29 May, 2012, 18:52

    Yea, but it sounds like a growl, and I wouldn’t want any of the RAGWUS thieves to get the feeling that I was angry with their obscene pay, perks, pensions, and benefits. 😉

    Reply this comment
  10. Dyspeptic
    Dyspeptic 29 May, 2012, 19:43

    RAGWUS sounds like a horrible degenerative disease. Now that I think about it that’s perfectly appropriate.

    Reply this comment
  11. Bob
    Bob 29 May, 2012, 21:35

    Porky Perez just found another trough to feed out of.

    But he and the rest of the parasite DemoNcrats are going to kill their host.

    If the politicians were really serious about reducing co2 gas they would put a muzzle on Porky Perez, Darrell Stinkbug and Clown Brown.

    But heck, this is what Ahnode wanted and so did the idiot Colliefornia voters. Hey, they had a chance to turn this back in the last election and did not.

    Reply this comment
  12. Rob
    Rob 29 May, 2012, 22:03

    Was Global Warming ever about anything but money and power?

    Reply this comment
  13. Donkey
    Donkey 30 May, 2012, 07:59

    You are correct Rob, but we need to add the certainty that the annoited ones are seeking to control the movement of the “underclass” citizens.

    The Cap and Trade crowd are seeking the power to have every citizen not connected to their RAGWUS bureaucracy file a form, similar to a pilots flight plan, which will be needed for the underling citizens to travel outside their appointed range allowance, of course the “Homeland Carbon Board” will have to give the go ahead as to whether your movement is allowable or for the benefit of the state. 🙂

    Reply this comment
  14. Hank
    Hank 30 May, 2012, 09:03

    CAP & TRADE HAS ENDED IN FAILURE EVERYWHERE IT HAS BEEN TRIED, EUROPE AND THE CHICAGO EXCHANGE. CALIFORNIA IS OF COURSE SMARTER THAN EVERYBODY.
    THE EXPECTED “INCOME” WILL ONLY BE VIRTUAL, AND WILL BE BORROWED BY THE LEGISLATURE FOR THE GENERAL FUND. JUST LIKE THEY BORROWED FROM THE RECYCLING FUND, THE SCHOOL TRUST THE SPECIAL LICENSE PLATE FUND AND OF COURSE THE GAS, HIGHWAY FUND. DO YOU SUPPOSE THE HIGH SPEED RAIL FUND MIGHT HAVE SOME LEAKAGE ? BORROWED AND SPENT WITH NO INTENTION OF PAYING ANY OF THESE IOU’S.

    Reply this comment
  15. eck
    eck 30 May, 2012, 18:31

    Hank, you must be a genious! You’ve figured it out. Another CA legislature scam. We’re becoming, no, wait, we are, just like a banana republic.

    Reply this comment
  16. George O.
    George O. 31 May, 2012, 10:44

    I am not going to order anything in this state and I encourage everyone else to do so. The bill has to be overturned and it starts in the ballot box. Gov. Moonbeam is crook and so is the rest of the Legislature.

    Reply this comment
  17. us citizen
    us citizen 31 May, 2012, 15:56

    Is there anything we can do to get the republican candidates to start pushing their weight in this state! Last time pigolsi was running, no one had even heard of who the republican candidate was. When I contacted the party about this, they said the party would not give any money to anyone running in CA because they felt it was a waste. How in the hell are we suppose to start winning in this state if we dont have any backers! This cap and trade garbage is going to push this state over the edge. That and the illegals! How come Brown will cut everything except them?!!!

    Reply this comment
  18. us citizen
    us citizen 31 May, 2012, 15:59

    George……..on your state income tax you are now suppose to declare anything bought outside of the state…………so you can pay taxes on that too! They are getting desperate here for sure.

    Reply this comment

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