[Torie]

The only caveat is if we have another stock market bubble, and capital gains recognition kicks in again, which in California is taxed the same as ordinary income. Keep hope alive.

[TBP]

Simon and McClintock have already said that they will not agree to any tax increases. They would like to cut taxes. Ah-nold left himself an out because he really intends to raise taxes like a Democrat, IMO.

There is always the veto pen.