PLF’s challenge to California’s “cap and trade” auction moves to the state court of appeal.    The requirement for businesses to bid for carbon “credits” in order to keep their doors open amounts to a massive new tax program.   It’s unconstitutional because it was enacted without 2/3 majorities in the Legislature, as Proposition 13 requires for new taxes.

Direct download: 101714_Morningstar_pod.mp3
Category:Non-Profit -- posted at: 8:00am PDT
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