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Schwarzenegger consider tax hikes { August 21 2003 } Original Source Link: (May no longer be active)    http://www.washingtonpost.com/wp-dyn/articles/A27397-2003Aug21.html http://www.washingtonpost.com/wp-dyn/articles/A27397-2003Aug21.html Schwarzenegger Would Consider Tax Hikes-Aide Reuters Thursday, August 21, 2003; 5:02 PM SAN FRANCISCO (Reuters) - California gubernatorial candidate Arnold Schwarzenegger would consider boosting taxes to mend the state's battered finances and lift its rock-bottom credit rating, the Republican's spokesman said on Thursday. While the movie star running to replace Gov. Gray Davis in an Oct. 7 recall election said on Wednesday he opposed tax hikes except to possibly deal with something like a natural disaster, his spokesman told Fox News that huge budget shortfalls and protecting the state's credit could warrant such increases. "The truth of the matter is it could be as high as $20 billion," campaign spokesman Sean Walsh said in reference to a potential budget deficit. "We do not know what the totality of this fiscal situation is. For all we know, there may be zero dollars in the bank. So, you never say never." Schwarzenegger's main Republican challengers have both vowed to oppose any tax increases and the issue is a critical one among the state's conservative voters who support the unprecedented recall election. Republicans in the legislature also held up a new budget for the fiscal year that began on July 1 over their opposition to proposed tax increases -- a standoff which drove the state's credit rating even lower and fueled the recall drive. The fiscal woes are one reason why Standard & Poor's last month slashed California's credit -- already the lowest among U.S. states -- to a high-risk level just above junk status. Many analysts and investors have suggested that California needs to take the politically unpopular step of curbing spending and considering tax increases to get its financial house in order. © 2003 Reuters

Arnold advisor says raise property taxes { August 15 2003 } Arnold calls troops terminators Arnold doesnt surf drudge { August 30 2003 } Arnold films to be kept off air { August 13 2003 } Arnold says people get tax tax tax tax { August 21 2003 } Arnold schwarzenegger honors holocaust in jerusalem Arnold will convert his hummer to hydrogen power Arnold [jpg] Candidates clash in debate { September 24 2003 } La times lashback Lowe called arnold natural leader Politics politics california appointees dc [jpg] Recall secret weapon { October 9 2003 } Rob lowe joins arnold Schwarzenegger consider tax hikes { August 21 2003 } Schwarzenegger holds leads despite allegations { October 6 2003 } Schwarzenegger seizes early lead Schwarzenegger shows strength in polls Schwarzenegger taking all media attention { August 13 2003 } Schwarzenegger to run for governor { August 7 2003 } Sept25 debate [jpg] Tell backers he behaved badly { October 3 2003 } Under fire skipping wednesday debate Washtimes supports arnold Files Listed: 24

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