Sacramento, CA — State of California Legislative Analyst Mac Taylor has released a report stating that the AB 32 global warming legislation will lead to modest job losses in the near future.
It says the effect on the state’s overall economy is expected to be relatively small, but businesses will face higher electricity and fuel prices, and many will be forced to make investments to improve building and heating standards.
In response to the report, Republican Senator Dave Cogdill is calling on Governor Schwarzenegger to suspend the legislation.
“Our economy is on its back and this is no time to add to those problems, but rather try to find a way to fix it,” says Cogdill. “It doesn’t make any sense to talk about ‘jobs, jobs, jobs’ on the one hand, and then push forward a policy that we know, at least in the short-term, will be detrimental to the economy.”
Schwarzenegger told reporters in Sacramento this week that he has no plans to suspend AB 32.
“We can’t change these things every five minutes as the economy goes up and down,” said Schwarzenegger. “These laws have to be in place, and I am also convinced that AB 32 will create more jobs than kill jobs.”
Meanwhile, a ballot initiative is being circulated by a group of Republican lawmakers that would call for the suspension of AB 32 until the unemployment rate falls down to 5.5 percent.
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