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To: Bobkk47
he cut the vehicle registration tax (when first elected) and no new taxes have been implemented.

The ignorance is so fundamental it is sublime.

By invalidating an executive order to abolish a General Fund subsidy of the VLF, Schwarzenegger was forced to circumvent constitutional protections in order to borrow the money to make up the $4B, annual shortfall.

The borrowing is costing the California taxpayers almost $30B over the next 12 years. That's $30B, with a B, in real money, owed to the Austrian's large campaign contributors from the New York area. The $15B to support the subsidy, has now wiped out any gain from the subsidy (just trading dollars for dollars) and the $15B in interest, increases California taxes by $1B a year. Net loss of $15B to California's tax payers.

101 posted on 09/30/2006 2:00:49 PM PDT by Amerigomag
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To: Amerigomag
The joke is those savings are going to be wiped out by the hidden tax increases and utility rate hikes embodied in the Green legislation just signed by Arnold. So folks had better enjoy the reduction in the car tax while it lasts. The loss is being made good elsewhere.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

103 posted on 09/30/2006 2:04:58 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: Amerigomag
"The ignorance is so fundamental it is sublime. By invalidating an executive order to abolish a General Fund subsidy of the VLF, Schwarzenegger was forced to ... to borrow the money to make up the $4B, annual shortfall. ...Net loss of $15B to California's tax payers."

What nonsensical thinking! If only the world was so simple. It's not.

California would have borrowed and spent that $4 Billion whether Arnold got rid of the car tax increase or not. That's what they do in Sacramento: spend.

By keeping his campaign promise to roll back the car tax increase, Arnold at least channeled that $4 Billion back to taxpayers.

The other option was simply letting the $4 Billion go to whatever wasteful spending Sacramento would have come up with.

It's not as though the children in Sacramento are suddenly going to cut spending and act like adults, after all. That's not an option.

You're just b!tc#ing at Arnold. You're an unappeasable who has no realistic view of the world; you're colored by an idealism that isn't obtainable in California.

Which is to say, you're going to lead a very frustrated life. Having unrealistic expectations is a sure ticket to being miserable.

116 posted on 09/30/2006 9:02:54 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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