Cap-and-trade deal also cut taxes

Loren Kaye
President of the California Foundation for Commerce and Education

As part of a comprehensive, bipartisan solution implementing the state’s ambitious climate change goals, the legislation that extended the cap-and-trade program also included several useful tax reductions. These tax cuts will help mitigate cost increases on rural Californians and partially offset some costs for California manufacturers and energy producers. Sales tax exemption Manufacturers gained a […]

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Cap-and-trade will cost less than current regulatory regime

Loren Kaye
President of the California Foundation for Commerce and Education

California has the most ambitious greenhouse gas (GHG) reduction goal in this or any other country. By 2030, Californians must reduce carbon emissions by 40 percent below our already-constrained 2020 levels. California produces only one percent of GHG emissions, but we outpunch our weight in global influence on climate policy. If we can meet our […]

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Consensus: cap-and-trade extension requires a two-thirds legislative vote

Loren Kaye
President of the California Foundation for Commerce and Education

The California Supreme Court recently declined to review the 2-1 split decisionby the Appellate Court, which ruled that California’s current cap-and-trade auction is not a tax requiring a two-thirds vote of the Legislature. The legislative authorization for the current cap-and-trade auction was adopted in 2006 with the passage of AB 32, which authorized the cap-and-trade program through 2020. […]

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Local initiative right still under legislative assault

Loren Kaye
President of the California Foundation for Commerce and Education

Earlier this year I wrote of an assault on local democracy in the guise of an Assembly measure intending to force citizens to run a gauntlet of local planners and environmental analysis prior to gathering signatures for local ballot measures. In the intervening three months the measure has been overhauled several times, approved by the entire Assembly and now […]

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How do we address the housing crisis: one incremental step at a time

Loren Kaye
President of the California Foundation for Commerce and Education

Productively addressing California’s housing crisis will require a long slog, not a magic bullet. The effective policies are politically treacherous, while the easy victories already have been chalked up. A broad consensus of nonpartisan policy experts and think tanks point to regulatory and litigation reform, particularly of the California Environmental Quality Act (CEQA), as the […]

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Don’t violate the Constitution when reforming the Board of Equalization

Loren Kaye
President of the California Foundation for Commerce and Education

California legislators may vote as soon as today on a proposal to shake up the State Board of Equalization. Reforming the Board is long overdue. The structure to accomplish this as outlined in budget trailer bills may be sound or faulty, but for now, only three things are clear: Rushing a major reorganization through the budget gauntlet is fraught: it […]

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Paying for single-payer: Put up or move on

Loren Kaye
President of the California Foundation for Commerce and Education

Since the best feature of the Healthy California Act is that all health care will be free, it seems churlish to suggest that someone must pay for something. Sadly, even after asserting more than $70 billion in new savings from efficiencies that highly motivated private providers and government regulators have not achieved, and after assuming that federal […]

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Driving Californians Out of Their Cars

Loren Kaye
President of the California Foundation for Commerce and Education

In a state whose voters are obsessed not only with curbing waste but trimming their waistlines, it should come as no surprise that state officials want to put California on a “road diet.” Not to be confused with South Beach or Jenny Craig, a road diet basically is tough love. Halting road and highway expansion […]

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One simple trick for California’s carbon diet: a robust cap-and-trade system

Loren Kaye
President of the California Foundation for Commerce and Education

Almost every January 1st I set a personal goal for weight loss. That’s easy. The hard part comes the following 364 days while I try different strategies to shed the pounds. On January 1, 2021, California must begin implementation of its ambitious goal to reduce greenhouse gas emissions 40 percent below the 2020 levels. This is the equivalent of […]

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Book review: Recovering institutional memory

Loren Kaye
President of the California Foundation for Commerce and Education

Assemblyman Willard M. Huyck served two terms in the Legislature shortly after the end of the Second World War. Though little-remembered today, Mr. Huyck is still alive – the only surviving member of the 1940s-era Legislature, a living link to the reigns of Governor Earl Warren and lobbyist Artie Samish. Also in the 1940s, as […]

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