California motorists already pay the highest gas taxes in the US and on November 29th the California Energy Commission (CEC) will host an informational hearing to discuss a new tax that will indirectly increase the cost of gas.
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December 15, 2022
ICYMI: The Bakersfield Californian advocates for serious solutions
CAHT
SACRAMENTO – A recent editorial in The Bakersfield Californian asks policymakers to look into the oil industry's real challenges instead of following Governor Newsom’s demagoguery.
December 13, 2022
ICYMI: Wall Street Journal Editorial Calls Out California's Proposed Gas Tax Increase
CAHT
SACRAMENTO – A recent editorial by the Wall Street Journal accurately calls out California Governor Gavin Newsom’s “price gouging penalty” for what it really is, a new tax increase:
December 12, 2022
Gavin Newsom’s Latest Tax Increase
Wall Street Journal
Editorial Board
California Gov. Gavin Newsom is pushing another tax increase, not that he wants to admit it. Last week he asked his Democratic Legislature to pass a “price gouging penalty”—don’t call it a tax—on oil companies’ “excess profits.” Is he trying to raise the state’s sky-high gas prices even more?
December 12, 2022
ICYMI: LA Times Columnist George Skelton on California's Proposed Gas Penalty.
CAHT
SACRAMENTO – In a recent Los Angeles Times piece, columnist George Skelton analyzes the governor’s proposed penalty tax on oil companies, failed historical attempts with similar measures and the unintended consequences of gas supply shortages.
December 8, 2022
Editorial: Newsom's tax proposal flunks economics 101
Los Angeles Daily Times
Editorial Board
Have you been enjoying the recent dip in gas prices at the pump? Better fill up now, because Gov. Gavin Newsom’s proposal for a windfall profits tax on the oil companies, intended to reduce prices, actually would increase them. To make this happen, he has called for a special session of the California Legislature.
December 8, 2022
Los Angeles Times
By George Skelton
There are worse things than being gouged at the gas pump. You could be shut out at a dry pump.
There could be no gas at all to buy. Then there’d be long lines at stations that did offer gas. And you wouldn’t much care about the cost.
December, 2022
CAHT
On November 29, 2022, the CEC conducted a hearing ordered by the Governor to examine
California's fuel costs. The Governor’s primary objective for this hearing was to build support for his
new gas tax proposal. Fortunately, what the CEC presented resulted in a robust discussion with industry participation on the
policy, market and regulatory factors that contribute to fuel and energy costs in California.
December 7, 2022
Is Newsom's Gas Profits Penalty Really a Tax?
CalMatters
By Dan Walters
Originally, California Gov. Gavin Newsom called for a tax on excess profits on gasoline sales, but now terms it a penalty, which would make it easier to win legislative approval.
November, 2022
Impact of a Windfall Profits Tax on Gasoline Supplies and Prices in California
Capitol Matrix Consulting
On September 30, 2022, Governor Newsom called for a windfall profits tax on oil and gas (O&G) companies, stating that “crude oil prices are down but oil and gas companies have jacked up prices at the pump in California. This doesn’t add up…We’re not going to stand by while greedy oil companies fleece Californians. Instead, I’m calling for a windfall tax to ensure excess oil profits go back to help millions of Californians who are getting ripped off.”
November 3, 2022
Op-Ed: We can’t afford to shutter California’s aging oil refineries yet
Los Angeles Times
By Gregory Brew
After a summer with some historic gasoline price increases, California continues to experience the highest gas prices in the country by a considerable margin. California’s prices are partly the result of geographic accident, with the West Coast distant from oil production and refining facilities in other states.
October 26, 2022
California might levy a new tax on oil companies. Here’s what to know
CalMatters
By Grace Gedye
Here are the basics of the new windfall profit tax Gov. Gavin Newsom proposed, and how similar taxes have worked in the past.
October 22, 2022
Newsom strives to bring back the Jimmy Carter era
The Orange County Register
By Steven Greenhut
SACRAMENTO – It was arguably the most politically disastrous speech from a president in the nation’s history. Against a backdrop of quarter-mile-long lines at gas stations, soaring inflation and nationwide strikes by independent truckers disgruntled by fuel prices and energy regulations, President Jimmy Carter gave what historians call his “national malaise” address.
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