Cara Horowitz Quoted by KQED News on Effects of Recent Court Ruling on State’s Cap-and-Trade Climate Program

Cara Horowitz of the Emmet Institute spoke with KQED News about the recent declaration by California’s 3rd District Court of Appeal that the state’s cap-and-trade climate program is neither a tax nor a fee. Horowitz said: “It’s not really reversing what we used to think. It’s really just figuring out for the first time what a cap-and-trade auction really is in the context of tax law.”

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