California Proposition 87 was a proposition on the ballot for California voters for the November 7, 2006 general election, officially titled Alternative Energy. Research, Production, Incentives. Tax on California Oil Producers. It was voted down by the voters, 54.7% opposed to 45.3% in favor. initiative, see Initiative (disambiguation). ... Official language(s) English Capital Sacramento Largest city Los Angeles Largest metro area Greater Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... For the Finno-Ugric people, see Votes. ... is the 311th day of the year (312th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A general election is an election in which all or most members of a given political body are up for election. ...

The proposition would have established a "$4 billion program with goal to reduce petroleum consumption by 25%, with research and production incentives for alternative energy, alternative energy vehicles, energy efficient technologies, and for education and training", funded by a "tax of 1.5% to 6% (depending on oil price per barrel) on producers of oil extracted in California."^[1]

==Arguments in favor== buddy wackit Proponents of 87 included Laura Keegan Bordeau, CEO of the American Lung Association of California, Winston Hickox, former Secretary of the California Environmental Protection Agency and Jamie Court, President of the Foundation for Taxpayer and Consumer Rights. The California Voter Information Guide for the 2006 election contains the following arguments in favor of passage of Proposition 87: The American Lung Association is a non-profit organization which fights lung disease in all its forms, with special emphasis on asthma, tobacco control and environmental health. It was founded in 1904 to fight tuberculosis as the National Association for the Study and Prevention of Tuberculosis. ...

Passage of 87 will make the oil industry pay from their profits for their fair share of research into cleaner energy. It would also make the oil industry pay the same drilling fees as they pay in other states. The proposition would make it illegal for energy companies to pass the added costs on to consumers via increased gas prices. The passage of 87 would also create thousands of jobs and decrease American dependence on oil from Saudi Arabia and Iraq. Consumers would be able to receive rebates for purchasing alternative fuel vehicles and incentives for renewable energy sources resulting in cleaner air and improved health. The tax increase and oversight would be done without creating a new bureaucracy by utilizing an existing state agency. The oil industry is a type of industry which brings petroleum to a financial market. ... The definition of alternative fuel varies according to the context of its usage. ... Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. ...

Another pro 87 argument is that the, "tax will be essentially a tax on extracting oil in California. This tax exists in other states. Alaska drillers pay a 15% tax, Texas drillers pay a 4.6% tax and Louisiana drillers a 12.5% tax. This tax on the California drillers would only be between 1 - 6% depending on the price of a barrel of oil. California is the only large producing state in the US without such a tax.^[2]" This tax is on exporters of Oil in California and the language in the proposition prohibits the cost to be passed on to consumers.

Among those claimed to support Proposition 87 were doctors and nurses (the voter guide states "the Coalition for Clean Air and California doctors and nurses ALL SUPPORT"), Nobel-prize-winning scientists, environmental and consumer groups, educators, and labor and agriculture groups. The proponents of 87 point out that the campaign against 87 was funded by the oil industry.

Most of the "Yes on 87" campaign was funded by Steve Bing, a real estate developer, film producer, and philanthropist, who contributed US$39,058,000 as of October 23, 2006. Google co-founder Larry Page gave $1,000,000. ^[3] Stephen Leo Bing (b. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... is the 296th day of the year (297th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article is about the corporation. ... Lawrence Edward Larry Page (born March 26, 1973 in Lansing, Michigan) is an American entrepreneur who co-founded the Google internet search engine, now Google Inc. ...

Endorsements in favor of 87

Amongst Prop 87's supporters of former President Bill Clinton, former vice-president Al Gore, Senator quit playin with your dingy>Barack Obama, Nobel-prize-winning scientist Dr. Mario Molina, former Secretary of State Madeleine Albright, former U.N. Ambassador Richard Holbrooke, Senator Dianne Feinstein, Democratic gubernatorial nominee Phil Angelides, State Superintendent of Public Instruction Jack O'Connell, the American Lung Association of CA, the Coalition for Clean Air, Americans for Energy Independence, the Foundation for Taxpayer and Consumer Rights, and venture capitalist Vinod Khosla. William Jefferson Bill Clinton (born William Jefferson Blythe III[1] on August 19, 1946) was the 42nd President of the United States, serving from 1993 to 2001. ... This article is about the former Vice President of the United States. ... “Barack” redirects here. ... This is a list of Nobel Prize laureates in Chemistry from 1901 to 2006. ... Mario Molina (left) with Luis E. Miramontes Mario José Molina Henríquez (born March 19, 1943) was awarded the 1995 Nobel Prize in Chemistry for his role in elucidating the threat to the Earths ozone layer of chlorofluorocarbon gases (or CFCs). ... Madeleine Korbel Albright (born Marie Jana Korbelová, IPA: , on May 15, 1937) was the first woman to become United States Secretary of State. ... Richard Charles Albert Holbrooke (born April 24, 1941) is an American diplomat, magazine editor, author, Peace Corps official, and investment banker. ... Dianne Goldman Berman Feinstein (born June 22, 1933) is currently the senior U.S. Senator from California, having held office as a senator since 1992. ... California State Treasurer Phil Angelides Philip Nicholas Phil Angelides (IPA: æn. ... Jack T. OConnell (born October 8, 1951) is a California politician. ... The American Lung Association is a non-profit organization which fights lung disease in all its forms, with special emphasis on asthma, tobacco control and environmental health. It was founded in 1904 to fight tuberculosis as the National Association for the Study and Prevention of Tuberculosis. ... Vinod Khosla (born January 28, 1955 in Pune, India[1]) is an Indian-American venture capitalist. ...

Arguments against

Most of the "No on 87" campaign was funded by petroleum companies, more than $95,000,000 in contributions was received for the No on 87 Campaign, Chevron Corporation ($30,000,000) and Aera Energy ($27,000,000), more than any other proposition in history. The majority of the remaining contributors opposed to 87 were other oil production companies.^[4] Chevron Corporation (NYSE: CVX) is one of the worlds largest global energy companies. ...

Other opponents included Larry McCarthy, President of the California Taxpayers Association (Cal-Tax), Daniel Cunningham, President of the California Small Business Alliance, Marian Bergeson, Former President of the California School Board Association, Kevin R. Nida, President of the California Firefighters Association, Ray Holdsworth, Former Chair of the California Chamber of Commerce, and Allan Zaremberg, President of Californians Against Higher Taxes. In the California Voter Guide for the 2006 election, they propose the following arguments opposed to passage of Proposition 87.

Passage of 87 is not a tax on profits but is a tax on California oil production. This tax would make California's oil the highest taxes in the nation. This increased tax would reduce production in California resulting in more imported gas with its attendant increase in transportation and refining which could be lawfully passed on to consumers. 87 would result in 50 more political appointees with unlimited staff. No oversight or requirement on how the increased revenue be spent including an exemption from the guaranteed eduction funding that covers other taxes.

Dr. Philip Romero, former Chief Economist for the California Governor's Office was quoted as saying "Proposition 87 attempts a worthy goal, but does so in a counterproductive and costly manner. It would shrink California's oil supply, increase dependence on foreign oil, and result in higher gasoline prices." The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. ... Governor Arnold Schwarzenegger (left) and Governor Gray Davis (right) with President George W. Bush in 2003 The Governor of California is the highest executive authority in the state government, whose responsibilities include making yearly State of the State addresses to the California State Legislature, submitting the budget, and ensuring that...

Endorsements opposed to 87

Incumbent Republican governor Arnold Schwarzenegger opposed it as well as his running mate, Republican state senator Tom McClintock. Arnold Alois Schwarzenegger (German pronunciation (IPA): ) (born July 30, 1947) is an Austrian-American bodybuilder, actor, and politician, currently serving as the 38th Governor of the U.S. state of California. ... Tom McClintock Thomas Miller Tom McClintock (born July 10, 1956) is an outgoing California state senator who was the unsuccessful 2006 Republican nominee for Lieutenant Governor of California. ...

References

is the 308th day of the year (309th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 296th day of the year (297th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 296th day of the year (297th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

External links

• Yes-on-87.org A website devoted to reviewing the questionable statements made by the No side and to encourage a lawsuit against the oil companies to refund all the money spent by the Yes side.
• Impartial Article by EarlySource
• Video Voter California: Short, nonpartisan video explanation of Prop. 87
• California Secretary of State elections page
• "Yes" Campaign
• "No" Campaign
• LA Times editorial supporting "No"
• Investor's Business Daily editorial supporting "No"
• Prop 87 Post Mortem: What went wrong?