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Schwarzenegger proposes tax increase
Sacramento Bee ^ | Monday, August 4, 2008 | Jim Sanders and Kevin Yamamura

Posted on 08/04/2008 4:00:38 PM PDT by ElkGroveDan

Gov. Arnold Schwarzenegger has proposed a temporary one-cent increase in the state sales tax for the next three years in exchange for long-term fixes he believes would solve the state's perennial budget woes, several sources familiar with the negotiations said Monday.

The governor's proposal comes as he and lawmakers are 35 days into the fiscal year with no approved spending plan.

(Excerpt) Read more at sacbee.com ...


TOPICS: Extended News; Government
KEYWORDS: arnoldlegacy; calbudget; schwarzenegger; taxincrease; temporarytax
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To: WilliamReading

“Bring back Gray Davis!”

God no.


21 posted on 08/04/2008 4:20:12 PM PDT by Names Ash Housewares
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To: Wiseghy

“Oppose my tax increases, and you will be terminated”


22 posted on 08/04/2008 4:20:27 PM PDT by nesnah (Expression with an attitude - www.polistic.com)
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To: NRG1973

You are right — I have a friend in CA, he runs a contracting business. He has had no work for months, laid everyone off and is preparing to move out. He has been doing contracting for over 30 years, says the housing market ‘just quit’.


23 posted on 08/04/2008 4:21:35 PM PDT by Tarpon (Ignorance, the most expensive commodity produced by mankind.)
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To: ElkGroveDan
Do we have any defenders of this guy left here any more?

Certainly not here.

All he wants in exhange is a "rainy day fund"? WTF is that?

No caps? No cuts? No elimation of funding guarantees?

What a loser.

Hey Governor, take your 1% and shove it up your tight Austrian a$$.

I know this whole minimum wage executive order crap was just a bunch of BS to put pressure on the Republicans. Not the Democrats though, he's been working behind the scenes with them the whole time.

What a loser.

24 posted on 08/04/2008 4:23:03 PM PDT by keat
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To: ElkGroveDan
Here's a little rhyme for ya:

Thanks for the ping and now I've been pung!
This Governor has no soul and is a pile of dung!!!

25 posted on 08/04/2008 4:23:41 PM PDT by SierraWasp (I'm not against the environment, just GovernMental EnvironMentalism!!! (our new state religion))
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To: Wiseghy
I was afraid of what Sacto was going to do to my income tax rates.

That's still on the table. The Repubs could always 'compromise' with a 1/2% sales tax increase and make the rest up in income taxes. Nice.

26 posted on 08/04/2008 4:25:47 PM PDT by keat
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To: ElkGroveDan
We told us so.
27 posted on 08/04/2008 4:29:08 PM PDT by Carry_Okie (Grovelnator Schwarzenkaiser, fashionable fascism one charade at a time.)
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To: ElkGroveDan
Schwarzenegger proposes tax increase

Maybe a windfall profits tax on the film industry would be a good move for the Girly-man.

28 posted on 08/04/2008 4:37:13 PM PDT by RJL
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To: ElkGroveDan

I have a suggestion for the appropriate place to shove that stogie he’s smoking....


29 posted on 08/04/2008 4:38:55 PM PDT by pointsal
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To: RJL

Big Hollywood.


30 posted on 08/04/2008 4:39:04 PM PDT by onedoug
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To: RC2
How about 'No retroactive pay for the legislators'?

Every day that they do not deliver is a day that they did not do their job, hence, they do not get paid for it.
31 posted on 08/04/2008 4:43:29 PM PDT by Frohickey
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To: ElkGroveDan
though it sucks, at least the illegals and welfareRATS will have to share in the pain this time...
32 posted on 08/04/2008 4:45:20 PM PDT by Chode (American Hedonist -CTHULHU/NYARLATHOTEP'08 = Nothing LESS!!!)
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To: onedoug

Like I suggested before since the Guv is such good friends with Holywood and Hollywood wants tax increases, I propose a tax on every movie’s gross collections until the deficit can be made up. We can start with Messrs. Geffen, Spielberg and Weinstein on a percent rate of this movie tax.


33 posted on 08/04/2008 4:46:31 PM PDT by Cyman
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To: ElkGroveDan

No, Arnie. Cut the state payroll by 20 percent. Then we’ll talk.


34 posted on 08/04/2008 4:47:17 PM PDT by Eric in the Ozarks
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To: ElkGroveDan

If the GOP in the state legislature goes along with this scheme they are crazy. Unbelievable.


35 posted on 08/04/2008 4:49:55 PM PDT by Uncle Hal
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To: ElkGroveDan
Gov. Arnold Schwarzenegger has proposed a temporary one-cent increase in the state sales tax for the next three years in exchange for long-term fixes he believes would solve the state's perennial budget woes

He would be quite wrong. It will have the opposite effect.

36 posted on 08/04/2008 4:53:28 PM PDT by TheDon
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To: ButThreeLeftsDo

The RINO has spoken—TAX and TAX some more is the mantra of the left. Arnold should just switch parties to the Dimocrats where he belongs. Once a tax goes up it never goes down outside of a revolution. Terminator, say it aint so.


37 posted on 08/04/2008 4:55:40 PM PDT by Forward the Light Brigade (Into the Jaws of H*ll)
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To: ElkGroveDan

TOTAL RECALL


38 posted on 08/04/2008 4:56:48 PM PDT by samadams2000 (Someone important make......The Call!)
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To: Uncle Hal
If the GOP in the state legislature goes along with this scheme they are crazy. Unbelievable.

They won't. Period.

39 posted on 08/04/2008 4:57:12 PM PDT by ElkGroveDan (The road to hell is paved with the stones of pragmatism.)
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To: ElkGroveDan

The Counties and cities told him straight that the proposed waiver of Prop. 42 funds and another ERAF shift of 1A funds would collapse local government. I know, coupled with federal loss of Secure Rural Schools and Communities monies, our County would be left with only 1/3 of its road dept. revenues. The scheme was to have us borrow to backfill what the state held back and they would pay it back to us in the future - With what??? They are so deep in debt - they are not going to miraculously get windfall revenues to pay us with.

They need to abandon the foolish draconian Global Warming round of regulations, the expansion of clean water regulations, the oil exploration and power development regulations and heck, regulations in general. This is not a business-friendly state and it is choking itself with over-regulation. Cut back regulatory staff funding and give us our freedom again.


40 posted on 08/04/2008 5:48:14 PM PDT by marsh2
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