Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Schwarzenegger: $4.4B in tax hikes to cut deficit ($4.4B in cuts, "We must stop the bleeding.")
AP on Yahoo ^ | 11/6/08 | Judy Lin - ap

Posted on 11/06/2008 1:44:54 PM PST by NormsRevenge

SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger on Thursday proposed $4.4 billion in new taxes and a similar amount in spending cuts to deal with California's worsening fiscal crisis, saying, "We must stop the bleeding."

Much of the new revenue would come from a 1.5-percentage-point increase in the sales tax; the Republican governor described the hike as temporary but did not say how long it would last.

"We have a dramatic situation here and it takes dramatic solutions ... and immediate action," Schwarzenegger said as he called the Legislature back into session to deal with the budget shortfall.

The governor said $4.5 billion in cuts will be necessary across all state programs, including education, social services, health care and prisons.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Government; Politics/Elections; US: California
KEYWORDS: calbudget; california; deficit; schwarzenegger; taxhikes
Navigation: use the links below to view more comments.
first 1-2021-36 next last

1 posted on 11/06/2008 1:44:55 PM PST by NormsRevenge
[ Post Reply | Private Reply | View Replies]

To: NormsRevenge

New taxes. Worked well in Michigan so why not.


2 posted on 11/06/2008 1:45:35 PM PST by Carley (Vote McCain/Palin.....Change babies can live with.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
How about deporting the illegals, Ah-nold? That would help in stopping the bleeding of public services.
3 posted on 11/06/2008 1:46:05 PM PST by Heartland Mom ("Government's first duty is to protect the people, not run their lives." - Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

U.S. Republican presidential nominee Senator John McCain (R-AZ) (R) is joined by California Governor Arnold Schwarzenegger at a campaign rally in Columbus, Ohio October 31, 2008. ... (Brian Snyder/Reuters)


4 posted on 11/06/2008 1:47:13 PM PST by NormsRevenge (Semper Fi ... Godspeed)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
Hey Arnold, from a California farmer, how about this for an idea to stop the bleeding (mine) STOP THE FRIGGIN SPENDING!!!!!!!!!!!!!!!!!
5 posted on 11/06/2008 1:48:15 PM PST by DirtyDawg
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

It’s CLEAR that California voters won’t allow cuts in state programs, so Arnold is being left with utterly no choice.

Whine all ya want, but the voters of California are driving thier own state in to bankruptcy.


6 posted on 11/06/2008 1:48:58 PM PST by tcrlaf (SARAH PALIN-The American Everywoman (Yes, You Really CAN!))
[ Post Reply | Private Reply | To 1 | View Replies]

U.S. Republican presidential nominee Senator John McCain (R-AZ) (C) is joined by California Governor Arnold Schwarzenegger (R) and singer Hank Williams Jr. (L) at a campaign rally in Columbus, Ohio October 31, 2008. .. REUTERS/Brian Snyder


7 posted on 11/06/2008 1:49:18 PM PST by NormsRevenge (Semper Fi ... Godspeed)
[ Post Reply | Private Reply | To 4 | View Replies]

To: NormsRevenge

Har!


8 posted on 11/06/2008 1:49:53 PM PST by Glenn (Free Venezuela!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tcrlaf

California Whine is the best, I hear.

send ya a bottle. ;-)


9 posted on 11/06/2008 1:50:19 PM PST by NormsRevenge (Semper Fi ... Godspeed)
[ Post Reply | Private Reply | To 6 | View Replies]

To: NormsRevenge
1.5% sales tax increase. This is a regressive tax, to be balanced by an Obama "tax on the rich". Not a good day to be living in CA.

Let's hope this keeps CA from having to get a bailout.

10 posted on 11/06/2008 1:50:55 PM PST by mlocher (USA is a sovereign nation)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
the Republican governor described the hike as temporary

Yeah, aren't they all?

11 posted on 11/06/2008 1:52:31 PM PST by beaversmom
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Get used to this headline, Americans.

Coming to a city/town near you!

I hope you aren’t too attached to your paychecks.

Me? I’m pulling back the throttle. I need to find ways to quickly get under the 0bamunists income radar.

I’d rather give every penny to my accountant than to the 0bamunists.

Socialism doesn’t just mean higher taxes, and a perpetual big government rectal exam. It also means longer vacations, fewer days worked, longer breaks, fewer employees, fewer customers, weakened competitors, slower technological advances and improvements, siesta’s, etc.

We don’t have to be totally negative about this.

Life in Italy is not all that bad, is it? Just bring that lifestyle here and you’ll be just fine.


12 posted on 11/06/2008 1:53:22 PM PST by Boucheau (A wise & frugal gov't...shall not take from the mouth of labor the bread it has earned. T. Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tcrlaf; NormsRevenge
Exactly right. Republicans should try as hard as they can to extract spending cuts from Democrats. But at the end of the day, or rather fiscal year, Republicans have got to be about good government and make sure that budgets balance.

To expect everything to come from tax cuts, especially in the midst of a recession/depression is to be utopian in the extreme.

If we don't pay our expenses now then it will only be passed on to our grandchildren.

13 posted on 11/06/2008 1:53:50 PM PST by who_would_fardels_bear (The cosmos is about the smallest hole a man can stick his head in. - Chesterton)
[ Post Reply | Private Reply | To 6 | View Replies]

To: tcrlaf

“It’s CLEAR that California voters won’t allow cuts in state programs, so Arnold is being left with utterly no choice.

Whine all ya want, but the voters of California are driving thier own state in to bankruptcy.”

It’s not the voters that won’t allow the cuts, its the unConstitutional government employee unions that won’t allow the cuts.


14 posted on 11/06/2008 1:55:03 PM PST by SFC Chromey (We are at war with Islamofascists inside and outside our borders, now ACT LIKE IT!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: NormsRevenge

If you want to stop the bleeding there AHHNOLD, why don’t you arrest the damned illegals filling up your emergency rooms and welfare rolls. Of course, Maria and the rest of the Kennedys might not like it and then where would you be. Nobody wants to watch 55 year old action heroes. And conservatives wonder what’s wrong with the republican party!


15 posted on 11/06/2008 1:57:19 PM PST by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Boucheau
Life in Italy is not all that bad, is it? Just bring that lifestyle here and you’ll be just fine.

My wife and I are talking about Poland.

16 posted on 11/06/2008 1:57:19 PM PST by raybbr (You think it's bad now - wait till the anchor babies start to vote!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: NormsRevenge

He sounds like a broken record.

If he’d put the screws to the Dems with a veto pen, then he’d make progress of less GOVENMENT SPENDING.

Wake me up when he does this.

Till then, he’ll just TAX you MORE to “stop the bleeding”.

It makes no sense at all.

Way to go Arnie!


17 posted on 11/06/2008 1:57:30 PM PST by nmh (Intelligent people recognize Intelligent Design (God).)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mlocher

Let’s hope this keeps CA from having to get a bailout.

It’s all up to the democrats at this point. The line could be pretty long for bail-outs.

Ironic that the same party that is part and parcel of what has made such a mess of things as is, nows runs the train from engine to caboose..

Go figure that they keep voted back in, no matter how much more the state goes in debt... we won’t talk unfunded liabilities and looted coffers and the need for serious reform on ‘entitlement’ programs.


18 posted on 11/06/2008 1:57:40 PM PST by NormsRevenge (Semper Fi ... Godspeed)
[ Post Reply | Private Reply | To 10 | View Replies]

To: beaversmom
“Yeah, aren't they all? “

Yeah, just like income tax.

They're always “temporary”. It's just that “temporary” becomes permanent.

19 posted on 11/06/2008 1:59:06 PM PST by nmh (Intelligent people recognize Intelligent Design (God).)
[ Post Reply | Private Reply | To 11 | View Replies]

To: NormsRevenge

Sorry Arnold, you had your chance.


20 posted on 11/06/2008 2:00:12 PM PST by freekitty (Give me back my conservative vote.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-36 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson