Cap-and-Trade Author Concedes It Will Be a Carbon Tax

July 15, 2017

During a July 13th Senate Environmental Quality Committee hearing on AB 398, Senator Stone gets the cap-and-trade bill’s author to admit this legislation is a carbon tax.

If AB 398 is passed by the Legislature, get ready to pay a lot more for gasoline in California. This “cap-and-tax” bill could raise gas prices by as much as 73 cents a gallon over the next decade. That’s in addition to the upcoming 19 cent a gallon tax increase approved earlier this year by Democrats and the Governor.