| The one-cent tax increase would remain in effect for three to four years, after which point the sales tax rate would gradually drop.
|
Posted on 08/04/2008 5:42:24 PM PDT by granite
SACRAMENTO -- Gov. Arnold Schwarzenegger proposed during private budget negotiations over the weekend to close the state's $15.2-billion deficit with a temporary one-cent hike in the state sales tax, to take effect immediately, according to Democratic and Republican legislative sources.
The proposal, floated in meetings with legislative leaders and their staff, hinges on lawmakers agreeing to spending restraints to control the growth of government and give governors authority to cut programs whenever the state falls into the red.
Lawmakers and staffers close to budget negotiations said the governor, who has repeatedly vowed never to raise taxes, would not support the new tax without the spending controls.
The one-cent tax increase would remain in effect for three to four years, after which point the sales tax rate would gradually drop. It would ultimately settle at a rate that is lower than the current rate of 7.25%.
(Excerpt) Read more at latimes.com ...
Oh goodie. This tax will expire sooner than the “temporary” tax from the Northridge Earthquake did.
Oh, wait...
What?! NO!!!
If the GOP in the state legislature goes along with this scheme they are crazy. Unbelievable
Yay, RINO’s for tax hikes. Whats next, baning guns and marring gays.. Oh wait, he did that already.
Okay. Pull the other leg.
So Arnold the liberal wants to raise taxes.
No surprise.
Social liberal, fiscal conservative my arse. One hundred percent scum sucking leftist liberal.
He placed a bane on guns and messed up some gays' faces? *\;-)
Real statessmanship there, Mr. Kennedy.
Instead or reining in the vast criminal bureauocracy in Sacramento, hit on the easy mark, the already overly abused taxpayer.
Fab leadership from the Democrat.
Arnold, we hardly knew ye....
| The one-cent tax increase would remain in effect for three to four years, after which point the sales tax rate would gradually drop.
|
How about this instead? Lease offshore sites for oil drilling and collect fees and taxes on the oil, and use that money to fix the stinking state budget.
Oh hell no we can’t do that. Uncle Teddy might object.
How you doing, Jim?
There is no such thing as a temporary tax.
To wit, the federal telephone tax: 1898-2003, 105 years.
It’s only “temporary” yaknow. jaaa.
We’ve been going for years. We’re about five feet from the rocks after jumping over the cliff.
Schwarzenegger’s family jewels are in the Kennedy lock box.
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Yeah? What if it doesn't? Schwarzenegger will be long gone by then.