Newsom’s pathetic energy rebate
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.
TL;DR
- California households pay an average of $223 more for electricity annually compared to the average American household.
- This higher cost is attributed to taxes and regulations supported by Gov. Gavin Newsom.
- A recent $75 credit on electricity bills is funded by the state's cap-and-invest program.
- The cap-and-invest program requires businesses to pay for greenhouse gas emissions.
- Critics argue the credit is a way to make voters feel they are receiving a benefit, while actually being overcharged due to government policies.
- A significant portion of the cap-and-invest revenue is reportedly spent on projects such as the state's high-speed rail.