Signature Gathering is On for New Oil Tax Initiative

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(Sacramento, CA)
Monday, February 13, 2006

Initiative spokeswoman Fiona Hutton says this is an opportunity for California to lead the nation…  

“And at the end of the day what the simple goal is to  develop the clean alternative energy and make it accessible and affordable for consumers.”

The opposition includes energy producers and taxpayer groups.  Larry McCarthy of the California Taxpayers Association says research and development function better in a free market.  He says the measure would only benefit venture capitalists. 

 “To have that process run through Sacramento, and paid for by this new tax which is going to create winners and losers regardless of the market viability is a huge problem.” 

Initiative supporters are aiming for the November ballot —Spokeswoman Hutton says its backers include environmentalists, entrepreneurs and scientists.