The California’s Air Resources Board is about to impose a new program, called Cap and Trade, that will further harm the California economy. Worse, it will disproportionately hurt the poor and minorities.
Cap and Trade is being imposed on California as part of the Global Warming Solutions Act. No one needs to be told that the national economy is in trouble and California’s economy faces particularly difficult times. Everything that should be down is up (like energy prices, food prices, interest rates, unemployment rates and foreclosure rates) and everything that should be up is down (like tax revenues, local/state government services, the stock market and family incomes).