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I am writing to convey my strong preference for a carbon tax over a
cap-and-trade system.  The main reasons for this preference are: 
Because any cap becomes not just a maximum, but also a minimum. 
Because, as the recent economic turmoil underscores, it is very
hard to set the correct cap.  Because any uncertainty in the future
costs of permits could make it difficult to finance long-term
carbon reduction projects.

In the event that a cap-and-trade system is used, I would like to
express my preference for auctioning as large a percentage as is
feasible, and doing so as soon as possible.

In the case that either a carbon tax or auctioned permits are in
the plan, the vast majority of the proceeds should be rebated
equally per capita to all California residents (with perhaps a 50%
reduced share going to residents who are legal non-citizens).

Finally, in order to keep California business competitive, there
should be a border tax adjustment.

Thank you for your time,

bill