Schwarzenegger wants to raise taxes

[NNN0LHI]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFG_x4PxVUno&refer=home

Schwarzenegger Calls Fiscal Emergency in California

Dec. 1 (Bloomberg) -- California Governor Arnold Schwarzenegger, saying his state is going broke, declared a fiscal emergency and ordered the incoming class of lawmakers into a special session to fix a widening $11 billion deficit.

Schwarzenegger, a 61-year-old Republican, wants lawmakers to raise taxes and cut spending to narrow the gap that is projected to swell to $28 billion over the next 18 months. He invoked powers granted him in 2004 to declare a fiscal emergency, which gives the Legislature 45 days to plug the shortfall. If they fail to find a solution in that time, they are barred from doing any other legislative work until they do.

[Le Taz Hot]

1. The epitome of irony.

All he did was stall the inevitable -- like we didn't see this coming 5 years ago. 'Course, 5 years ago our bonds were still worth something. Thanks, Arnie! :puke:

[Lerkfish]

2. um...correct me if I'm wrong, here, isn't this why the other guy was recalled?

and svarzengruber was supposed to fix all that?

ok, just checkin.

[Cleita]

7. Yep, and he still can't get it done.

Of course he'd have to raise taxes on the wealthiest Californians because there isn't another tax available to squeeze from the poor. The rich will have his fat head on a pike for that.

[Ecumenist]

21. Yep and it was nowhere near as bad as it is now.

[GodlessBiker]

3. He's an embarrassment even to bodybuilders.

[daninthemoon]

4. at least he has the guts to come out and say it. now, hopefully he

can wisen up and get together with his inlaws. maybe he has seen the light.

[ColbertWatcher]

16. All he's seen is the same thing other of his ilk (GOPers) have seen ...

... another opportunity to exploit.

This guy is a classic narcissist.

I did not vote or support the GOP's Great Aryan Hope.

[mike_c]

5. this is SUCH a cluster-fuck....

I live in California and am a public employee. We are so screwed! It's not Schwarzenegger's fault-- more Howard Jarvis's than Arnold's at least. Using ballot initiatives to set limits on revenue was a dumb, dumb idea.

[DJ13]

14. Without Prop13 a lot of seniors could not afford to live in their homes

What happened to the liberalism here on DU?

[CountAllVotes]

15. my sister-in-law got out of a nursing home

and was able to move back into HER house and is now living in it rather than a nursing home.

Being she lives in an area that is now considered expensive, her property taxes would be very high if it weren't for Proposition 13.

Hence, she'd likely be living out her final days in a nursing home.

Good luck repealing Prop. 13 Arnold!

:kick:

[CountAllVotes]

17. being you have a job and stuff

I guess it is ok to repeal Prop. 13 and let the people living in the homes that they have owned for many years to simply get tossed out on the street. Most of these people happen to be elderly folks.

Once a house is sold, Prop. 13 tax rates don't follow the new owner FYI. It is reassessed and the new, higher tax rates apply, not the old ones.

:kick:

[rvablue]

25. In all fairness to the poster you are commenting to

I don't think that he was personally attacking anyone with his observations.

There is little doubt that Prop. 13 has helped people like your grandmother.

Nonetheless, it has gutted the CA budget. That is just a simple fact.

People have to sell their homes all the time, all over the country, because after they retire paying ever-increasing property taxes no longer fit into their budgets.

And as a result of Prop. 13, capping taxes that would go to municipalities, the voters approved another proposition, I think it was Prop. 40 (??? on the number) that designated that at least 40% of the state budget had to go directly the education.....an expense that is usually paid for the most part out of municipal taxes.

It's just an ever devolving revenue stream.

Maybe the answer would be to set an age limit or income limit on a repeal.

With the thousands of CAians in your grandmother's shoes, there are thousands of others in CA, if not millions, who are making tons of money, living in multi dollar million houses and paying a very, very low, maybe 10 year old, or 20 year old tax rate...........

I don't know....but I don't think it is anti-progressive to oppose Prop. 13....at the rate CA is going, someone's going to have fill the shortfall and right now, Ahnuld is asking the federal government to step in.

Is it fair that my elderly father and mother who own homes and pay property taxes that go up every year subsidize California....the point being, if every state enacted a Prop. 13, that protects folks like your grandmother, but applies to all, the future of this country would be in big, big trouble.

[CountAllVotes]

29. it is not my grandmother

my grandmother died years ago living with my late uncle who took on the job of caring for her. She had Alzheimer's disease btw and there was no formal "care" being my uncle could not afford it.

[CountAllVotes]

6. raising automobiles license fees back up

and yes, he will raise the license fees for automobiles back up to where they were. This is how he got into office in the first place - by promising to lower the automobile license fees.

Lots of great ideas gropenfailure! :argh:

:dem:

[tabatha]

10. Well, if he raises taxes on those earning over $250,000 that is fine by me.

[CountAllVotes]

12. that is ok w/me too

but he should leave the working class folks and the poor alone. It is already hard enough trying to make a go of it in the Golden State as it is with all of the inflated prices on EVERYTHING!

:kick:

[DJ13]

8. Oh good, yet ANOTHER "temporary" sales tax increase

Its been one "temporary" increase after another since it was 5%.

When do they ever learn that we no longer believe their bullshit?

[Romulox]

9. Schwarzenegger was going on about letting Detroit die a couple weeks ago.

Now he wants a $7 billion bailout for California?

Uh, good luck with that! :rofl:

[tjwash]

11. Wasn't the recall on Gray Davis based on screams that he would raise taxes?

Or was it for the gropenater to settle the whole Enron energy lawsuit thingy for pennies on the dollar? It so damn hard to keep the lies straight around here.

Arnie is right though...we are broke. Flat fucking broke. My wifes work gets money from the state budget, and they were talking paying them in IOU's. Now they have to take furlough days to cut costs.

[riqster]

13. Remember, Reagan passed the largest tax increase in US history

...must be something in the DNA of lame, talentless Reep actors-turned-politicians:


"TEFRA—the largest tax increase in American history—was designed to raise $214.1 billion over five years, and took back many of the business tax savings enacted the year before. It also imposed withholding on interest and dividends, a provision later repealed over the president's objection.

But this was just the beginning. In 1982 Reagan supported a five-cent-per-gallon gasoline tax and higher taxes on the trucking industry. Total increase: $5.5 billion a year. In 1983, on the recommendation of his Spcial Security Commission— chaired by the man he later made Fed chairman, Alan Green-span—Reagan called for, and received, Social Security tax increases of $165 billion over seven years. A year later came Reagan's Deficit Reduction Act to raise $50 billion."

[Disturbed]

18. Raising Taxes on those earning $250K per yr. is Heresy,

according to most Repubs. That is exactly what should be done in CA. The Gropenator & Repubs will never do that.

[riqster]

19. Of course not!

They'll only raise taxes on those who have no money.

[AzDar]

20. Republicans. Cannot. Govern.

[Winterblues]

22. Does California have a State income tax?

I see no reason there can not be adjustments in a Progressive tax system that we have. There is no reason taxes can not be higher on those that earn more.. It is the American way, but it is not the Republican way..

[Disturbed]

23. Does California have a State income tax?

Yes!

[Booster]

33. Hell yes, we do. I'm retired and pay probably more than 11%

on my retirement income, not to mention over 8% if you buy anything. It's expensive to live here, but I do love this state.

[WI_DEM]

24. RECALL HIM!

[Dukkha]

26. economic girly man!

:sarcasm:

[hfojvt]

27. I wouldn't say that's a bad thing

but he, being a Republican, apparently wants to raise them mainly for poor people.

"To fix the problem, Schwarzenegger has proposed increasing the sales tax to 8.75 percent from 7.25 percent for three years, as well as raising motor-vehicle fees. His proposal also would expand sales and use taxes to include appliance, furniture and vehicle repairs; golf greens fees; amusement-park admissions; sporting-event tickets; and veterinarian services."

What does the CBPP suggest?

I figure by his plan, a family that spends $20,000 a year will face about $590 in extra taxes. That's figuring that $4,000 of that $20,000 is spent on vehicle repairs and vetrinarian services.

Does California have sales taxes on food? If not, it won't be quite so regressive.

Also I note that it requires a 2/3 majority to raise taxes.

[Joe the Liberal]

28. Typical republican hypocrisy mixed with alot of irony......

Republicans claim they are all about lower taxes and fiscal responsibility but that couldn't be further from the truth. Over the last 8 years we've had that shit for brains Bush (Republican conservative) run up the deficit so much that it will take generations to pay off. The only tax breaks have gone to the rich and we've been involved in wars in the middle east that seem endless. Republicans cant run any level of government with out leaving it in worse shape than it was when they entered office.

[kimmylavin]

30. Taxing veterinary services...

Who the hell comes up with this shit?

People already abandon animals because they can't afford them, or - if they're "kind" - they put them to sleep.

This is just cruel...

[taught_me_patience]

31. Man this sucks

taxes are already pretty high in California. Hell... our sales tax here in Los Angeles would climb to near 10% under this plan.

[hogwyld]

32. Yeah, but we all just know

that all you Kahlifornians are multi-millionaires.

:hide:

[taught_me_patience]

34. Sweet! I'm a millionaire!

Actually, my wife and I work hard to make a living. It's getting harder and harder with more taxes and higher rent.