NEW: Cap & Trade parasite bill signals civil war on business
May 31, 2012
By Wayne Lusvardi
Speaker John A. Perez’s push of Assembly Bill 1532 through the State Assembly on Tuesday, May 29, signals a shift from regulation of air pollution to an outright civil war on business and industry in California.
AB 1532 is not content with just using pollution taxes collected under California’s Cap and Trade emissions trading program to lower water, power, and natural gas bills for ratepayers, due to the looming higher price of green power. Rather, AB 1532 will directly use Cap and Trade taxes to parasitically transfer jobs taken from the private sector, to political pork jobs in the public sector. It could also end up circumventing the limitation of new taxes of Propositions 13 and 26. The passage of AB 1532 is a provocative act that crosses the line between regulation and outright plunder of the private sector for public sector make work green jobs programs.