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AirTalk

Proposition 87: Taxing Oil Companies To Pump Crude In California

In November voters will be asked to decide whether or not to charge oil companies 6 percent for every barrel of oil pumped in California. The money would be used to expand the development of alternative energy in the state and to subsidize mass transit. Opponents of the proposition believe that an additional tax on oil drilling would mean higher gas prices for Californians though the initiative makes it illegal to pass the cost of the measure on to consumers. Larry Mantle talks with representatives of both sides of the Proposition 87 debate.