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“I’m willing to cost 9,000 jobs …”
- Assemblyman Alberto Torrico, author of
AB 656, the proposed oil severance tax.

With over 2.3 million Californians unemployed and the jobless rate among the highest in the country, it’s hard to believe any elected legislator would be willing to kill even more jobs.

But that’s exactly what Assemblyman Alberto Torrico said while promoting AB 656, his 12.5 percent severance tax on oil production.

A recent study of a similar proposal concluded that an oil severance tax would destroy almost 10,000 California jobs, drive up the cost of gasoline and diesel fuel, increase our dependence on imported oil AND cost local governments millions of dollars in badly-needed property tax revenues.

Last year the Legislature raised our taxes by an unprecedented $12.5 billion and still wound up with a $20 billion budget deficit. This year we are facing yet another staggering deficit and the Legislature is contemplating even more taxes. Don’t let them take away more jobs and waste more of our hard-earned dollars – tell your elected representative to vote NO on oil severance taxes!

linkRead the facts
UPDATE: 6.23.2010
(For past updates, please click here)

***AB 656 HEARING CANCELLED***
The Senate Education Committee has cancelled its hearing on AB 656. We will alert you as soon as it is rescheduled.

UPDATE: 6.16.2010

ACTION ALERT!
AB 656 (Torrico) Oil Severance Tax Bill to be Heard on June 23

AB 656 (Torrico) is back in play, with its next stop the Senate Education Committee.

This 12.5% oil severance tax proposal, with the proceeds earmarked for higher education, has been working its way through the Legislative process for months.  In the process  it has gone from a 9.9% tax, to a 12.5% tax, to a “study” bill with no tax at all, and back to a 12.5 % severance tax.

AB 656 is one of two severance tax bills currently under consideration. The other, authored by Assemblyman Pedro Nava, was held in the Assembly Revenue & Taxation Committee after a May hearing, meaning it will not move forward in the immediate future.  Like the Nava bill, AB 656 would destroy almost 10,000 jobs and cost local governments millions of dollars in badly needed revenues. 

Thanks to the tireless efforts of red-shirted Save Our Jobs volunteers, neither AB 656 nor AB 1604 have yet advanced to a vote on the floor of either house of the state Legislature. 

Now your help is needed again. 

AB 656 is scheduled for a hearing:

WEDNESDAY, JUNE 23
8:30 A.M.
SENATE EDUCATION COMMITTEE
STATE CAPITOL, ROOM 4023
SACRAMENTO

If you are able, please attend this hearing, wearing your red “Save Our Jobs”
t-shirt. 

Please arrive about 15-20 minutes early to get in line outside the door and assure your seat in the hearing room.

IMPORTANT:  If you plan to attend please RSVP by email to: info@saveourjobs.org

Your continued engagement is critically important in reminding legislators that their actions have real-life impacts on real people, and that their decisions are being carefully watched.

Many thanks, and we hope to see you on June 23!


Save Our Jobs Rally - January 11, 2010
By bus, by plane, by car, dozens of Californians whose livelihoods depend on oil production will come to Sacramento to put a face on the 9,000 jobs Assem. Torrico says he is willing to sacrifice for AB 656, his 12.5% oil severance tax bill.

 

 

 


Stay informed, get the latest information.

Proposed new taxes on oil and gasoline will kill jobs and drive gas prices higher. In some cases they could cost local governments millions a year in tax revenues, or cost local drivers millions more at the pump.

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