Monday, March 17, 2014

Top Lawmaker Proposes Fuel 'Tax'

This brief news segment is from the Santa Maria Times newspaper, edition from February 21. As it appears on the newspaper.  

The state Senate leader on Thursday proposed a tax on consumer fuel purchases of gasoline, oil, diesel, ethanol, and natural gas, with the money raised diverted to mass transit projects and households making less than $75,000 annually. 

The plan by Senate President Pro Tem Darrell Steinberg, D-Sacramento, would not create an additional tax, however. Instead, it would alter how money is raised and spent under a provision of California's landmark 2006 greenhouse gas emissions law, known as AB32. 

Environmental and business groups immediately opposed Steinberg's plan, and Republican lawmakers questioned whether it could pass the Legislature. 
It would impose an estimated 15 cents a gallon carbon tax on fuel next year, offsetting an indirect tax that will be imposed in 2015 under the existing law that helped establish the nation's largest carbon-trading marketplace. 

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