Current:Home > StocksAs Inslee’s final legislative session ends, more work remains to cement climate legacy -Mastery Money Tools
As Inslee’s final legislative session ends, more work remains to cement climate legacy
Ethermac Exchange View
Date:2025-04-10 09:31:06
OLYMPIA, Wash. (AP) — Jay Inslee closed out the final day of his last legislative session as Washington state governor on Thursday by describing it as a banner year in the state’s fight against climate change.
“I’m confident that 50 years from now, people will look back and say this was our finest hour because we led the nation in tackling this problem,” he told reporters, highlighting a bill passed that is expected to link Washington’s carbon market with California and Quebec, which also have emission allowance auctions.
As the longest-serving governor in office in the U.S., Inslee has sought to make the state a leader in the fight against climate change. But rather than this session putting an exclamation mark on his three terms in office, uncertainty hangs in the air.
One of the biggest climate policies passed during his tenure — along with many programs it is earmarked to fund — hangs in limbo. Conservative-backed initiatives that would repeal the state’s year-old carbon pricing program will be heading to voters in November after lawmakers opted not to consider it this session.
The initiative is one of six certified after the group Let’s Go Washington, which is primarily bankrolled by hedge fund executive Brian Heywood, submitted hundreds of thousands of signatures in support of them. Initiatives that would give police greater ability to pursue people in vehicles, declare a series of rights for parents of public-school students and bar an income tax were approved by lawmakers on Monday. An initiative to repeal a tax on the sale of stocks and bonds and one that could threaten a long-term care insurance program will likely also head straight to voters.
For Inslee, this means work remains to be done long after he finishes signing bills that have made it to his desk.
“I will be active the next several months,” he said.
The year-old Climate Commitment Act, which works to cap and reduce pollution while creating revenue for investments that address climate change, raised $1.8 billion in 2023 through quarterly auctions in which emission allowances are sold to businesses covered under the act.
Inslee on Thursday highlighted lawmakers’ decision not to pass the initiatives to get rid of that policy and the 7% capital gains tax on the sale of stocks, bonds and other high-end assets, with exemptions for the first $262,000. The latter tax funds child care and school construction.
“Those initiatives jointly would gut, would kneecap, would blow a hole in all of these benefits that Washingtonians are now enjoying,” he said. “And I do not believe that Washingtonians want to gut our funding for schools. I don’t think they want to gut our funding for transportation.”
Republican lawmakers have been very supportive of the initiatives. Republican Sen. John Braun, the minority leader in that chamber, has said these programs come with downsides, including steering people out of the state who don’t want the added financial burden.
“I just fundamentally disagree that it’s going to have this overwhelmingly devastating impact,” Braun said. “Is it going to have an impact? Yes. But it’s a tradeoff.”
Inslee, who in 2020 made fighting climate change the theme of his six-month presidential campaign, is only the second Washington governor to be elected to three consecutive terms. He announced in May he would not seek a fourth term.
veryGood! (1127)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- 2022 marked the end of cheap mortgages and now the housing market has turned icy cold
- Tighten, Smooth, and Firm Skin With a 70% Off Deal on the Peter Thomas Roth Instant Eye Tightener
- Andy Cohen's Latest Reunion With Rehomed Dog Wacha Will Melt Your Heart
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Southwest cancels another 4,800 flights as its reduced schedule continues
- Transcript: Sen. Chris Coons on Face the Nation, July 9, 2023
- AP Macro gets a makeover (Indicator favorite)
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Chicago officers under investigation over sexual misconduct allegations involving migrants living at police station
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Six ways media took a big step backward in 2022
- Amid blockbuster decisions on affirmative action, student loan relief and free speech, Supreme Court's term sees Roberts back on top
- Shop the Must-Have Pride Jewelry You'll Want to Wear All Year Long
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- New York’s Use of Landmark Climate Law Could Resound in Other States
- 'Can I go back to my regular job?' Sports anchor goes viral for blizzard coverage
- The overlooked power of Latino consumers
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Six ways media took a big step backward in 2022
Gunman on scooter charged with murder after series of NYC shootings that killed 86-year-old man and wounded 3 others
Trade War Fears Ripple Through Wind Energy Industry’s Supply Chain
'Most Whopper
Fortnite maker Epic Games agrees to settle privacy and deception cases
AP Macro gets a makeover (Indicator favorite)
Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars