During the 2008 presidential election, I distinctly remember conservatives attacking President-elect Barack Obama for wanting to raise taxes on the wealthiest five percent of Americans. In fact, I’m pretty sure I remember Arizona Senator John McCain and his surrogates and staff screaming that any tax cuts during the current economic downturn would be disastrous, so I can’t help but wonder when conservatives will start attacking California Governor Arnold Schwarzenegger after he announced 4.4 billion dollars in tax increases in California:
Schwarzenegger’s proposed $4.4 billion in tax increases includes higher sales taxes. He also alluded to bringing in more money through other “revenue generators.” That might include boosting the registration fee for vehicles by $12 and taxing companies that extract oil from California, which he said would generate $528 million this year.
So in addition to raising 4.4 billion dollars in new taxes, the Governator might also be considering fee increases and tax increases on oil companies? If he’s not careful, Gov. Schwarzenegger might find his membership in the Republican Party revoked.