Proponents of I-2117 make the case for dismantling WA's cap and invest system

This November, Washington voters will be asked to weigh in on complicated policies like a capital gains tax and a long-term care fund. Maybe the most complex one is the future of the Climate Commitment Act, an initiative on the November ballot seeks to repeal the key part of this 2021 law: the “cap-and-invest” system.  It’s essentially an auction for major polluters where companies can purchase carbon allowances – kinda like permission slips for emitting planet-warming carbon dioxide.  Over the next two days, we’ll hear from both a supporter of the initiative to repeal the cap and trade system and a defender of the Climate Commitment Act. Yesterday, we heard from a defender of the CCA: State House Majority Leader Joe Fitzgibbon. Today, we talk to a proponent of the initiative, who wants to dismantle the state's carbon auction: Washington Policy Center's Todd Myers. Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/soundsidenotes Soundside is a production of KUOW in Seattle, a proud member of the NPR Network.  Guests: Todd Myers, Vice President of Research at the Washington Policy Center.See omnystudio.com/listener for privacy information.