The movie stars and political celebrities campaigning for Prop 87 range from Bill Clinton to Julia Roberts. Should oil companies be taxed $4 billion to pay for alternative energy sources?
FROM THIS EPISODE
The movie stars and political celebrities campaigning for Proposition 87 range from Bill Clinton and Al Gore to Julia Roberts. Prop 87 would tax oil companies $4 billion to develop alternative energy, and prohibit them from passing the taxes on to consumers. The goal is to fund development of alterative energy sources and reduce petroleum consumption by 25%. But is it fair to tax one industry to pay for another? What do the measures backers have to gain for themselves?
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