California climate deal could net big bucks for polluters–GOP Leader’s Chad Mayes Folly
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By Stephen Frank, Exclusive to the California Political News and Views
Great news for scam artists, lovers of big government and crony capitalists—thanks to GOP Assembly Leader Mayes and six of his followers, cap and trade is going to raise gas taxes, the cost of doing business and the sleaze in society will make out like bandits!
“Here’s how it works: California sets a steadily-decreasing “cap” on greenhouse gas emissions each year, and sells major businesses permits, known as allowances, allowing them to pollute. To ease the burden on industry, the state also gives many permits away for free. That allocation is determined by a complicated formula that depends, in part, on how likely the companies are to flee the state if regulations become too financially burdensome.
The air board has grouped businesses into three categories based on whether they are at high-, medium- or low-risk of moving out of state. Each category is assigned an “industry assistance factor” that plays into the formula for free allowances.
High-risk industries such as oil and gas producers are guaranteed 100 percent assistance in perpetuity. The two other categories have been receiving maximum assistance since 2013, but that was scheduled to drop next year.
You understand correctly—the Democrats and Mayes REWARD polluters and consumers, families and honest businesses pay more. Even Bernie Madoff could not come up with a scam like this. Now you know why dozens of county chairs and GOP Central Committees demand that Mayes step down. This is why by a 2-1 margin even the Board of Directors of the California Republican Party to demand Mayes step down. What do you think?
Related article: California climate deal could net big bucks for polluters
Stephen Frank: Is the the publisher and editor of the California Political News and Views. Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant. http://capoliticalnews.com/
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They’ll simply supplant one with another, I presume.
How long will it take before the average citizen of California realize that California is just a bigger Detroit?
In part, this is a one sided view of how to oust a GOP politician…
It’s extremely hard to find politicians within the GOP that are anything more than watered down democrats, so what’s the loss?