Gov. Gavin Newsom (D-CA) celebrated a one-time $75 credit on Californians’ electricity bills this week. He did not, however, note that the average California household pays $223 more for electricity each year than the average American household because of burdensome taxes and regulations he supports.
The credit comes from California’s cap-and-invest program, which requires businesses to pay for their greenhouse gas emissions. Democrats waste most of this revenue on boondoggles such as the state’s high-speed rail project, but a fraction of the money is returned to residential customers through credits on their utility bills. It’s a way of making voters think they’re getting something from the government when, in truth, they are being bilked.
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