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Prop 87. A tax on California Oil. It is said that this tax on oil producers cannot be passed onto consumers but this won’t stop gas prices from shooting through the roof. With Prop 87. California gas would be the highest taxed in the nation. This would dramatically reduce in-state oil production, therefore making us turn to foreign oil, which is more expensive to import and refine. Consequently the price of your gas would be at its highest.
Prop 87 would also establish a new state bureaucracy with 50 appointees. There are no real requirements that restrain them. They can tax and spend year after year even if they are not making any progress in finding and utilizing alternative energy sources. It allows them to spend money outside of the state and even the U.S. The prop also allows them to sell billions of dollars in bonds that they may not even be able to repay. It would send California on a downward spiral into debt in which the only solution would be a state bailout at the expense of the taxpayers. This proposition also deprives our schools of their share of new tax revenues. 87 exempts itself from our state constitution which requires a portion of new state taxes to be spent on California schools. Prop 87 would deny schools of about 1.9 billion dollars in the coming years.
Vote No on 87. Alternative Energy is a good idea, but this isn’t the way to do it.
Prop 87. A tax on California Oil. It is said that this tax on oil producers cannot be passed onto consumers but this won’t stop gas prices from shooting through the roof. With Prop 87. California gas would be the highest taxed in the nation. Dramatically reducing in-state oil production, and therefore making us turn to foreign oil, which is more expensive to import and refine. Consequently the price of your gas would be at its highest.
Prop 87 would also establish a new state bureaucracy with 50 appointees. There are no real requirements that restrain them. They can tax and spend year after year even if they are not making any progress in finding and utilizing alternative energy sources. It allows them to spend money outside of the state and even the U.S. The prop also allows them to sell billions of dollars in bonds that they may not even be able to repay. It would send California on a downward spiral into debt in which the only solution would be a state bailout at the expense of the taxpayers. More money out of your pocket.
Vote No on Prop 87. A High Price for No Progress.
Prop 87 would reduce in-state oil production, and make us turn to foreign oil, which is more expensive to import and refine. Soon, the price of your gas, already the highest taxed in the country, would be even higher.
87 would also give 50 bureaucrats the power to tax, spend and even sell their own bonds with no strings attached. So whose to say the tax would go towards alternative energy in the end? With prop 87, the only guarantee is higher gas prices.
Vote No on Prop 87. A High Price For No Progress.
Prop 87 would increase the cost of California oil, and force us to import higher-priced foreign oil. Soon, the price of your gas, already the highest taxed in the country, would be even higher.
Prop 87 would also give 50 bureaucrats the power to tax, spend, and sell their own bonds with no strings attached. So whose to say the tax would even finance alternative energy? With prop 87, the only guarantee is higher gas prices.
Vote No on Prop 87. A High Price For No Progress.
Posted by Justin Wells : 10/07/2008