New Gas Tax Proposed

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From David Spady, Americans for Prosperity

Get ready for higher prices at the pump! Californians could be paying more for gasoline and other transportation fuels next year as a result of California’s pioneering efforts to curb greenhouse gas emissions. Senator Steinberg (D-Sacramento)* is considering legislation that would slap a carbon tax on fuels and earmark revenues estimated at $3 billion to $4 billion a year. About half the money would be put back into the pockets of low- and moderate-income people in the form of a tax credit, similar to the earned income tax credit for the federal income tax. Read more here from the LA Times

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* Editor’s Note:  If there’s a bad idea proposed in the California Legislature be assured, Senator Steinberg is behind it.

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