It seems to me that Governor Gray Davis has a easy solution to the current
energy crunch, which seems to have shut pen-l down for awhile: he could
allow electricity retail prices to rise, while allowing California
consumers to write off electricity costs on their state income taxes this
year.
problem is a lot of folks pay little or no income
tax but still pay utility bills.
mbs
It seems to me that Governor Gray Davis has a easy solution to the current
energy crunch, which seems to have shut pen-l down for awhile: he could
allow electricity retail prices to rise, while allowing
then, make it a refundable tax credit, or lower the state sales tax further.
At 11:55 AM 1/23/01 -0500, you wrote:
problem is a lot of folks pay little or no income
tax but still pay utility bills.
mbs
It seems to me that Governor Gray Davis has a easy solution to the current
energy crunch,
Just quickly: Jim, are you proposing to funnel public money to the utilities
by them charging customers higher prices and then the customers get re-imbursed
out of the state treasury? Utilities get more money, customers come out even,
but taxpayers pay?
Not very appealing to me. For
The tax write off answer is better than no solution at all, but there are two
problems:
1. It doesn't address the basic issues -- deregulation has caused shortages
and rampant energy price inflation.
2. It assumes that consumer will have enough money to pay quickly escalating
costs and then
The Globe and Mail January
22, 2001
U.S. touts California-style power plan
By Barrie McKenna
SAN FRANCISCO -- The U.S. government is pushing California-
style power deregulation on the rest of the world even as the state's
