California, as I’ve noted before, has two major problems, the first is a budget out of balance. And on that score, I commend the governor’s yeoman’s efforts to stop the flow of red ink. On the second issue, however, he seems AWOL. That problem relates to the burdens the state’s myriad taxes and regulations place on entrepreneurs. Reduce some of those tax rates, eliminate certain business fees and cut the red tape and this state will (literally and figuratively) be back in business.
The Golden State would regain its luster.
The state’s most burdensome regulations are perhaps its cap-and-trade policy and other laws which have established some pretty draconian environmental standards. And Governor Brown, while having become far more aware of the burdens government regulations place on job-creating businesses than when he first helmed the state, seems adamant in his support for these laws.
While he won’t budge, via Sister Toldjah (via Michelle Malkin‘s Buzzworthy), we learn that a judge has placed a hold on California’s global warming program:
A San Francisco superior court judge has put California’s sweeping plan to curb greenhouse gas pollution on hold, saying the state did not adequately evaluate alternatives to its cap-and-trade program.
In a 35-page decision, Judge Ernest H. Goldsmith said the Air Resources Board had failed to consider public comments on the proposed measures before adopting the plan, which affects a broad swath of the state’s economy.
In particular, the judge noted, officials gave short shrift to analyzing a carbon fee, or carbon tax, devoting a “scant two paragraphs to this important alternative” to a market-based trading system in their December 2008 plan. . . . [Read more…]