Originally Posted by dyna mo

What does the tax at the pump pay for?

Originally Posted by Squirtit

$250 million of the cap & trade fund went to the LA to SF bullet train, the pic MK posted referenced that, but you didn't get it.

The tax is expected to raise $2-$3 billion this year.

40% of that money can be spent on anything, it's discretionary spending.

The rest is allocated as follows:

• 25% for High Speed Rail on an annual basis
  
• 35% to the Sustainable Communities Program and transit on an annual basis into the following groups:
  

• 10% for Transit and Intercity Rail Capital Program;
  
• 5% for Low Carbon Transit Operations; and
  
• 20% for Affordable Housing and Sustainable Communities
• That leaves 40% of revenue that is discretionary. Cohen suggests beneficiaries could be Low-Carbon Transportation, Energy Efficiency, Urban Forestry, Forestry, Water, and Waste.

SOURCE


When I said "Healthcare for immigrants", I wasn't joking

Originally Posted by dyna mo

not only that, you didn't answer the question, what does the tax have to do with cap & trade?