Jerry Brown Trying to Extend Cap-and-Trade Without 2/3 Vote

California Gov. Jerry Brown is trying to amend Senate Bill 32, which would extend “targets” for greenhouse gas emissions reduction beyond 2020, in order to pass an extension of cap-and-trade “proceeds” (i.e. taxes) without the constitutionally required two-thirds vote of both houses of the legislature to pass a tax.

Jerry Brown (Rich Pedroncelli / Associated Press)

Cap-and-trade Billions a Honey Pot for California Politicians

California’s cap-and-trade tax is creating a luscious honey-pot of cash to sooth state politicians’ spending fantasies. In expectation of the cash available from the “May Revised Budget” to be released this week, lawmakers and their interest-group fellow travelers are outlining ambitious proposals that include funding port improvements, paying for heavy-duty trucks and ferries, nurturing urban rivers, sponging up carbon in soil and increasing subsidies for bus riders.

The Associated Press