In our continuing, daily, state by state, look at the financial impact of the Waxman-Markey Cap and
Trade Tax Bill, we will show you the projected losses in Gross State Product, Personal Income, and Non- Farm Jobs in California.
Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009.
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, California will suffer the following losses in 2012 as a result of Cap and Tax:
- A decline in Gross State Product of – $7,657,260,000.
- Total Personal Income Loss of – $8,807,930,000.
- Non-Farm Job losses of 104,972.
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Barbara Boxer: (202) 224-3553
Senator Dianne Feinstein: (202) 224-3841