Governor Will Veto Dems Tax Increases – Republicans Must Insist On A Complete $24 Billion Fix NOW
Governor Arnold Schwarzenegger is deserving of praise this morning, for his quick and public rejection of the billions of dollars in tax increases that are included in the package of changes in the state budget introduced by Democrat legislative leaders yesterday. Key provisions of the Democrats’ plan include a 50% hike in state cigarette taxes as well as the creation of a tax on oil. Governor Schwarzenegger has made it clear that he will veto this package if it is placed on his desk as proposed. Of course, even before the Governor gets legislation to fix the budget deficit, there is the question of whether Democrats will work with legislative Republicans – their track-record for doing so isn’t so good, and it was not a positive sign that Republican legislators pretty much found out about the details of this proposal at the same time as the rest of us. A bi-partisan fix is important because without a 2/3 vote in the Senate and Assembly, it will be several months before any of the changes are enacted. With the supermajority support, changes go into effect immediately.
I am sure that many will scrutinize the details of this latest proposal, which purports to… Read More