The environmental plan was built on the notion that imposing some $23 billion of new taxes and fees on households (through higher electricity bills) and employers will cost the economy nothing, while also reducing greenhouse gases.
Meet EFFECT:
Meanwhile, the state is losing jobs, a lot of them. California's unemployment rate hit 9.3% in December, up from 4.9% in December 2006. There are now 1.5 million Californians out of work. The state has the fourth-highest housing foreclosure rate in the nation, has lost more businesses than any state in recent years, and is facing a $40 billion deficit. With cap and trade firmly in place, the economic situation is only likely to get worse.
But to a man, CA’s got the cleanest air in the Union to show for it! What’s that? L.A. has the worst air of any major city? Oh, crap....Bushes fault!! /big-time sarc...
(through higher electricity bills”
I believe that more than 80% of the electricity that Kalifornia uses originates in other states.
They won’t build their own new plants, and the other states are getting increases in population, and may decide to keep their electricity produced at home.