- Business taxes will be passed to consumers - Carbon taxes are not only on gasoline and energy, but all goods since it costs energy to move products to stores, light the stores, and so on. Again costs passed to consumers - Home workers, yard workers and the like of the "rich" ($250K for a couple in silicon valley is middle class) will have either wages reduced or jobs eliminated - Tax deduction on mortgage interest for high earners will create further drag on housing in most areas of CA and other high-cost states. This part of the market is already under huge strain due to severe limits on "jumbo loans" , which are not covered in any way by government support programs In short this program will hurt "working families" just plenty.