Tuesday, August 5, 2008

The Terminator Is A Wimp When It Comes To Terminating Tax Increases

In fact, he proposes them.

California Gov. Arnold Schwarzenegger proposed during private negotiations over the weekend to close the state's $15.2-billion budget gap with a temporary but immediate one-cent hike in the state sales tax, according to legislative sources, LaTi is reporting.

Schwarzenegger has repeatedly vowed never to raise taxes.

Los Angeles County residents could face a separate half-cent-on-the-dollar sales-tax increase. The Metropolitan Transportation Authority board has proposed such a measure for the November ballot, with the money to fund transportation projects. If both the MTA and the Schwarzenegger proposals were to be implemented, the sales tax in Los Angeles County would jump to 9.75%.

The Terminator isn't very good at terminating spending either. State spending has increased 39% since Schwarzenegger took office in 2003.

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