Now that lawmakers have extended the cap-and-trade program, it’s time for them to divvy up the money generated by the sale of pollution permits. Most of the revenue is already being routed to affordable housing, mass transit and building the bullet train. But there’s still at least $1.4 billion available, which includes some money left over from the last fiscal year and more cash expected to roll in over the next one.
Senate leader Kevin de León (D-Los Angeles) wants to spend roughly $1 billion to replace old, dirty engines. In an interview, he suggested it’s a plan with potentially broad appeal: new tractors in rural areas, better trucks for middle class workers and incentives for drivers to buy electric vehicles.
“We have a historic opportunity to bring businesses, conservatives and liberals alike together on the issue of clean air,” De León said.
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