Schwarzenegger Plans Next Fiscal Year's Tax Hikes Early

Schwarzenegger Plans Next Fiscal Year's Tax Hikes Early

Gov. Schwarzenegger once again announced he would be proactive, not just proactor, and take a lesson from this year’s budget crisis which made him and the State of California look really bad. He is holding meetings for the next 3 months so that when next fiscal year’s budget needs approval, he will have all the then needed tax raises worked out in advance so he can say he is not raising taxes. As you remember the goal set last year was that all taxes would total 109% of Californians’ income in taxes, both apparent and hidden such as federal income tax, state income tax, state sales tax, federal fuel tax, state fuel tax, social security tax, disability tax, unemployment tax, medicare tax, inheritance tax, transient occupancy tax, car tax, excise tax, property tax, personal property tax, the California Voluntary Tax Program (known as the California Lottery before the passage of the Truth In Naming Proposition) and all the rest of them not including government fees, which they can raise to exorbitant amounts because they are not taxes and things considered consumer discretionary items such as house insurance, car insurance, health insurance, long term care insurance, worker’s compensation insurance, mortgage payment, electricity, gas, land phone, cell phone, water, trash, internet, TV service and food. He hopes to keep the new increases under the state’s new tax goal of 120% of each taxpayer’s income so that in spite of raising them, he can brag about cutting them (from what they would have been.)

©2009 Eric Stamets