can someone explain California's (Governor Moon Beam's) Cap & Trade gas tax please?
 

What does the tax at the pump pay for?

Arnold needs those 10 cents per gallon to pay child support.

:1orglaugh

not a bad start to this trhead!

Healthcare for immigrants :thumbsup

He wants to make it so expensive to drive a car that everybody will have to ride the Crazy Train :upsidedow

http://sausedo.net/wp-content/upload...1/MOONBEAM.jpg

ahaha=, i snickered.

moonbeam express.

as i understand it, cap & trade is supposed to cap oil corps' carbon output and if they go over that, they trade to get more credits from other corps who sell their unused credits.

so what's the tax at the pump for?

Would be nice if it was earmarked for road work.

$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't 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 :thumbsup

how the fuck am I supposed to get an arcane picture with moonbeam photoshopped on it to mean that $250 million goes to a fucking train?

jesus fucking christ, I know I can cpmprehend a lot of shit ,but I'm not a fucking mind reader.

besides, $250 million at .10 cents a gallon happened about an hour ago.


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

Meh never mind

I apologize for being curt, but ( and this has nothing to do with you) the train has nothing to do with cap & trade right? or is that what I am missing. the train has everything to do with cap&trade?

idont'knowman!:warning

*&%(&^(&%(&*%$$$#O&^&%^$_)*_(*^$#^# $#&%^$%(*&^

it's called the cap&trade tax.

It's pretty simple.

California's cap & trade policy will now be applied to fuel suppliers starting 2015

In turn, those fuel suppliers will presumably pass the extra costs to consumers.

That extra cost is referred to as a "cap & trade tax", even though it is technically not a direct tax imposed on consumers by the government.

By the way I can't wait for the train. I have always loved trains, and i think it will be great for CA

I love the train too, when I was in third grade there was still passenger service in the valley and my cub scout den took the train up there to Roeding Park for the day, I was on a multi-level car with the bubble-top, it was the 1960's and it was pretty awesome.

But this train is a gigantic boondoggle, the current budget is around 68 BILLION and you know that will most likely double before it's done (yeah that 250 million from the gas tax hike is pretty hilarious) in a state that has some of the highest taxes in the nation coupled with an incredibly hard time balancing it's budget because of all the liberal spending.

Currently there is something like a $58 billion shortfall in the funding but Moonbeam is just plowing ahead with it anyway no matter that he's going to run out of money in a couple years, it will never be finished and the sections that MAY get finished (Fresno/Madera to Bakersfield) will never have enough riders to even cover a small percentage of it's operating costs.
A couple years ago I rode the train from Hanford to Stockton on my way to San Ramon to pick up a bike I'd bought and there were 30 people on a six car passenger train.

So you can look forward to even more tax hikes.

Not to mention all the businesses and lives displaced during and after the construction, this hits home for me since the plan calls for taking some more of my mother's land she has next to the route, I mean come on they're hitting her twice on that piece of land, a few years ago the state forced a roadway right through the middle of the property ruining it's value for commercial development and now they want more of it and we can't stop them.

Plus they may bulldoze my little sister's house in the same area, my father and I moved that house from one of the ranches to save it and had my uncle completely rebuild it and she's lived in it for over 25 years, we can't even get any answers from the state about that.

Bastards :321GFY

ok ok didn't mean to rant that whole train fiasco just pisses me off. :)

Great, we already pay more taxes than most states and have higher prices on about everything.
Now Governor Moonbeam needs money to pay for the illegal aliens getting California drivers licences

I have a different experience with the Amtrak line in the CA Central Valley. I have taken it multiple times. Ridership always seems healthy, and during the summer it is PACKED. The only times I can have my choice of seats is if I take the 6am train out of Sacramento.

Plus, once they connect the Central Valley to So Cal region, I think the ridership will increase even more. Right now the Amtrak line ends in Bakersfield which doesn't make for a convenient trip to points further south.

Those people who are having their land taken from them...they are compensated fair market value. That's emminent domain, every land owner knows the possibility of that happening when they purchase land.

Take the Coast Starlight , it stops in Sacramento and goes all the way down the coast to LA. Go first class and get a cabin the service is really good

I have taken that too...but that's only a daily train. If you miss it, you gotta wait 24 hours for the next train. I would like it better if it was more frequent.

No, it's not pretty simple.

The point of CAP & trade is to penalize oil corps with a carbon CAP. If they max their cap, they PAY to trade for other's points. that has absolutely nothing to do with a tax. It's supposed to be an attempt to get carbon producing oil corps to go green, if they don't, they get penalized.

You think it's OK to pass that penalty on to drivers, well that's bullshit.

there's an entire website that goes DEEP devoted to CARB's cap&trade.

Cap-and-Trade Program | California Air Resources Board

it's pretty simple really?

rlyL?

lololololololol

Yeah, I know that, when I lived in Redding California, that was a fun way to travel to LA. Had to leave Redding at midnight. Beautiful trip along the coast

From what I recall it's because they forced the petroleum companies that do business in California to purchase carbon credits for the damage that fuels do to the environment. Now the drivers of cars have to absorb it because the petroleum companies are passing that cost on to the gas stations, and in turn drivers in California. Jerry Brown is a fucking idiot.

Thank you, yes, No wonder you;er in charge of shit.


agreed. dang.

cali's been fucked up on a lot of ways for a while but being able to pass a penalty like this on to drivers in the form of a tax is absolutey coocoo nutty shit. :1orglaugh

I guess you still do not understand that the "cap & trade tax" is not a real tax, rather it is an expense that the fuel providers will pass onto consumers. People who use the term "cap & trade tax" are using the word "tax" in a colloquial manner.

And who said I think it is "ok to pass that penalty on to drivers"? I just said that is what the fuel providers will do. I did not say it was "ok".

I did not say the entire cap & trade process was simple. I was simply refering to your inquiry about the "tax". That is indeed simple as Eric and I have pointed out to you.