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Even with rebates or tax cuts, the price of consumer goods will increase due to higher electricity and transportation costs. So this 75% is basically "let them eat cake".
Commented Jan 12, 2010 on California cap-and-trade: A political gamble? at Greenspace
California cap-and-trade: A political gamble?
It may be no accident that an advisory committee to the California Air Resources Board today recommended that 75% of an expected $20 billion in annual revenue from the state's proposed global warming measures be kicked right back to state residents. "Household friendly" is the way the announceme...
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Jan 12, 2010
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