Gov. Gavin Newsom will bring state lawmakers back to Sacramento for a special meeting to deal with rising gasoline prices. The meeting will be held on December 11th. 5. The governor has asked the Legislature to approve a measure that would require oil companies to reimburse consumers for excess profits through a new tax. The Legislature completed its full year of policymaking in August. 31 and will not begin acting on the proposal until January, unless the governor calls a special legislative session. (Earlier coverage in the video above.) Newsom said Friday that he chose December. 5 Because that’s when the legislature has scheduled a brief reconvening to swear in new members. He said his office needed time to ensure the proposal had a solid legal footing. “We want to do more with this windfall tax to go after Big Oil,” Newsom said Thursday at a climate-related event in San Francisco. . The measure requires approval by two-thirds of the legislature. Rep. Alex Lee (D-San Jose) proposed a similar measure in March, but it stalled shortly after its introduction. While Newsom intervened in other climate-related proposals at the end of the legislative session, he was not involved in Lee’s proposal. Top Democratic lawmakers, Senate Pro Tempore Tony Atkins and Speaker Anthony Rendon, said in a statement that they looked forward to Newsom’s “detailed proposal,” citing inflation relief that has already started hitting bank accounts gold. Tomorrow | California Inflation Benefit Begins “The gasoline rebate that begins rolling out to Californians today is a big step in helping cushion the blow of rising fuel costs, and we’ll continue to look at all other options to help consumers,” they said “as noted last week. Says a solution that takes excess profits from oil companies and puts money back into the hands of consumers deserves serious consideration by the legislature.” California Assembly Republican Leader James Gallagher and Vince Fang, vice chair of the Assembly Budget Committee, said in a statement. A letter on Friday asked Newsom not to hold a special meeting. If Newsom does take that action, lawmakers should suspend the state’s gas tax, they said. Newsom’s latest policy push comes after the California Energy Commission asked the state’s chief to answer. Oil companies grapple with soaring natural gas prices. Oil groups say the state’s recent surge is the result of supply and demand issues. In a letter to the state, Paul Davis, senior vice president of PBF Energy, noted that the increasing restrictions in California have made refining and importing gasoline more difficult. The Western National Petroleum Institute said Friday that a “better use” of the special legislative session would be “a serious look at decades of California energy policy and what they mean for consumers and our economy.” “If it wasn’t a political stunt , the governor will not wait two months and will call a meeting now,” their statement said. “The industry is ready to look at real solutions to energy cost and reliability if the governor is genuinely interested.” The RNC issued the following statement: “Gavin Newsom calls special session to impose new tax on gasoline is the epitome of the problem for the California Democrats. Newsom and his vast majority are trying to distract voters from the fact that their policies have kept gas prices so high but created a new tax, amid historic inflation Inevitably leaving it to the taxpayer is a losing strategy.” | Tomorrow | That’s why petrol prices vary by gas station – KCRA 3’s Daniel Macht contributed to this report.
Gov. Gavin Newsom will call state lawmakers back in Sacramento for a special meeting in response to rising oil prices.
The meeting will be held in December. 5.
This content was imported from Twitter. You can find the same content in other formats on their website, or you can find more information.
The governor has asked the legislature to approve a measure that would require oil companies to repay consumers for excess profits through a new tax. The Legislature completed its full year of policymaking in August. 31 and will not begin acting on the proposal until January, unless the governor calls a special legislative session.
(Earlier coverage in the video above.)
Newsom said Friday that he chose December. 5 Because that’s when the legislature has scheduled a brief reconvening to swear in new members. He said his office needed time to ensure the proposal had a solid legal footing.
This content was imported from Twitter. You can find the same content in other formats on their website, or you can find more information.
“We want to go after Big Oil with this windfall tax,” Newsom said Thursday at a climate-related event in San Francisco.
The measure requires approval by two-thirds of the legislature. Rep. Alex Lee (D-San Jose) proposed a similar measure in March, but it stalled shortly after its introduction. While Newsom intervened in other climate-related proposals at the end of the legislative session, he was not involved in Lee’s proposal.
Top Democratic lawmakers, Senate Speaker Toni G. Atkins and Speaker Anthony Rendon, said in a statement they looked forward to Newsom’s “detailed proposal,” citing Inflation relief payments are already starting to affect bank accounts.
| Tomorrow | California Inflation Benefit Begins
“The gasoline rebates that start rolling out to Californians today are a big step in helping cushion the blow of rising fuel costs, and we’ll continue to look at all other options to help consumers,” they said. As said last week, giving oil companies outsized profits Solutions that put money back into the hands of consumers deserve serious consideration by the legislature. “
The Republican leader of the California Assembly, James Gallagher, and the vice chairman of the Congressional Budget Committee, Vince Fong, argued in a letter on Friday that Newsom should not call a special session.
This content was imported from Twitter. You can find the same content in other formats on their website, or you can find more information.
If Newsom does take that action, lawmakers should suspend the state’s gas tax, they said.
Newsom’s latest policy push comes after the California Energy Commission asked the state’s major oil companies to respond to soaring natural gas prices. Oil groups say the state’s recent surge is the result of supply and demand issues.
In a letter to the state, Paul Davis, senior vice president of PBF Energy, noted that California’s tightening restrictions have made refining and importing gasoline more difficult.
The Western States Petroleum Association said Friday that the “Better Use” special legislative session will be “a serious look at California’s decades of energy policy and what it means for consumers and our economy.”
“If this were not a political stunt, the governor would not have waited two months and called a meeting now,” their statement said. “The industry is ready for real solutions to energy costs and reliability if the governor is really interested.”
The RNC issued the following statement: “Gavin Newsom convenes special meeting to impose new gas tax, microcosm of California’s Democratic problem. Newsom and his overwhelming majority are trying to distract voters, Distract them from the fact that their policies make gasoline.” With prices so high, creating a new tax that will inevitably fall on taxpayers is a failed strategy in the midst of historic inflation. ”
| Tomorrow | Here’s Why Gas Prices Vary By Gas Station
–Daniel Macht of KCRA 3 contributed to this report.