Why don't you read the quotes from Arnold's convention speech.
http://www.freerepublic.com/focus/f-news/982088/posts "Reviving California's economy is my first priority. One thing you can count on -- I will not raise taxes to make up for the mistakes the politicians have made."
"Let me tell you what being a conservative means to me. I'm a conservative because I believe communism is evil and free enterprise is good. I'm a conservative because Milton Friedman is right and Karl Marx is wrong. I'm a conservative because I believe government serves the people, the people don't serve the government. I'm a conservative because I believe in a balanced budget, not budget deficits. I'm a conservative because I believe money that people earn is their money and not the government's money. And when you look at the drivers' license outrage, I am a conservative because I believe in the rules of the law, not political pandering."