Business leader frets over tax increases

Business leader frets over tax increases The state's cap-and-trade program, scheduled to take effect next week, will cost heavy industry as much as $3 billion in its first year of operation, and up to $6 billion a year by 2015 to purchase mandated emission allowances, he says. Lapsley appears not to have taken much comfort from state Senate President Pro Tem Darrell Steinberg, D-Sacramento, who ...