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State Senator's Proposal Moves from Cap & Trade to Fee & Rebate

By Mike Sandler

On February 20, 2014, California Senate President pro Tempore Darrell Steinberg (D – Sacramento) proposed removing transportation fuels from the state’s Cap & Trade program under AB32, the Global Warming Solutions Act of 2006. Steinberg said the State should instead add a 15 cent per gallon gasoline tax that would increase over time, return two-thirds of the revenues to low and middle-income families through an Earned Income Tax Credit, and spend the rest on mass transit and similar projects.

AB32 has plenty of opponents, but Steinberg is not one of them. His speech introducing his …read more

Source: Huffington Post Green