Subject: txt cali grn -
A new study commissioned by the Governor's Office of Small Business Advocacy estimates that the direct cost of current California regulation is $175 billion, or nearly twice the size of the state general fund budget and about $134,000 per small business each year. The Golden State already has the second most business-unfriendly regulatory climate in the nation, after New Jersey -- and that before the cap-and-trade law.
The stakes here are huge for California. This is the first serious effort to roll back the environmental extremism that has dominated state capitals in recent years and is now ascendant on Capitol Hill. The green lobbies and businesses that have a monetary stake in cap and trade—including big utilities that want subsidies and Silicon Valley political capitalists investing in solar and ethanol—are sure to spend heavily to stop it. They know that an electoral defeat in the greenest of states could end their national and global hopes for cap and trade.
For Californians the issue is simpler: Whether they want to continue to impose burdens that encourage employers to locate anywhere except their once prosperous state....
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