10/24/2019

Democratic Lawmakers Revive Oil Extraction Tax for California

After California voters approved a multibillion-dollar increase to sales and income taxes in November to help fund education, Democratic legislative leaders promised restraint, saying they would not be seeking additional tax increases any time soon.

“The voters do not want us to burst out of the gate to approve more taxes,” Senate President Pro Tem Darrell Steinberg (D-Sacramento) said in December as the new session began.

That was then, and this is now.

On Tuesday, two leading Senate Democrats proposed a new tax on oil pumped from the ground in California to raise $2 billion annually to pay for state university and parks programs.

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