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Comment 86 for Public Input on Cap-and-Trade Auction Proceeds (investmentplan-ws) - 1st Workshop.
First Name: Pam
Last Name: Hart
Email Address: pamula1@hotmail.com
Affiliation: none
Subject: Cap and Trade - Energy Taxes
Comment:
The legislation is a tax on California businesses that their competitors in other states will not have to pay. This will hurt the economy, and lead to even more businesses fleeing California for other states, taking jobs and tax revenues with them. I am familiar with what happened when this started - and 10-wheeler trucks had to get 'upgraded' to the new standards - many one-truck operators could not afford new equipment and have now gone out of business. Even the cement companies that were forced to get new equipment - even with tax credits and incentives - spent so much money that they are now reeling from the expenditures coupled with the downed construction industry to the point of bankruptcy. Additional taxes should not be 'hidden' in this type of legislation - and especially on small businesses that are just trying to survive the multitude of other 'hidden' taxes and regulatatory fees associated with doing business in California. Taxes should be voted on in the legislature with a two-thirds vote and not hidden in regulations such as this. Please stop this faulty fee now - perhaps put it on hold for another 5 years to see how the State and the Nation come out of this recession. We don't need it as there are other laws on the books that will take care of carbon reduction. Cap and Trade Auction fees are just another 'junk' bond scheme and should not be forced onto the public as legitimate. Where does the money go? Who gets rich from this? Certainly not the businesses and citizens of the State of California. What authority gives this board the power to do this? These are not elected officials.
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Date and Time Comment Was Submitted: 2012-06-22 11:23:11
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