California Lawmakers Agree to Raise Gas Prices 40 Cents-Per-Gallon
With California’s tax policy, the only certainty is that consumers will lose money.
The latest example is the growing fight over whether to include fuel distributors in the Golden State’s controversial global warming regulatory scheme. Doing so would subject them to the same cap-and-trade system applied to industrial facilities, and could add between 12 – 40 cents-per-gallon to fuel purchases within the next year. The leading alternative would opt for a flat 15 cent-per-gallon carbon tax, which grows to 40 cents by 2029.
In short, California lawmakers have agreed that gas should cost an additional 40 cents-per-gallon. They’re just torn over how long to wait before imposing it on taxpayers.
This is what passes for deliberation in a state dominated by tax-and-spend liberals.…[more]
Franklin D. Roosevelt, 1933: “The only thing we have to fear is fear itself!”
Barack Obama, 2013: “We are in trouble.”
An interesting thing occurred on Tuesday of this week, the first day of the federal government shutdown: All three major U.S. market indexes went up, not down. The Dow Jones Industrial Average climbed more than 62 points, the S&P 500 rose nearly 1% to 1695 and the Nasdaq jumped 1.2%.
That apparently wasn’t the panicked reaction that the Obama Administration expected or desired. Consequently, it…
"Tuesday night's special election in Florida should be a serious scare for Democrats who worry that Obamacare will be a major burden for their party in 2014. Despite recruiting favored candidate Alex Sink, outspending Republicans, and utilizing turnout tools to help motivate reliable voters, Democrats still lost to Republican lobbyist David Jolly — and it wasn't particularly close. "The Republican…[more]
—Josh Kraushaar, National Journal Political Editor
— Josh Kraushaar, National Journal Political Editor