Ghosts of Budget Reforms Past, Or Why Arnold Is California's Most Conservative Governor
I missed this feature in the Sunday LA Times (I spent the weekend in an exhausting New America retreat in San Jose -- take home lesson: those think tanks really expect you to think at their events). But it's worth checking out: four pieces looking at budget strategies of previous governors. It's history, but newsworthy as the state battles a record $15 billion deficit. California voters likely will have to bless whatever deal emerges this fall.
Conservatives in particular should take note of the piece on Reagan by Lou Cannon. Schwarzenegger has been buried by the right for discussing fees as part of his health care plan and for raising the possibility of a one-cent sales tax increase as a "back-up" if his lottery borrowing fails. Reagan's tax record is far, far more liberal: corporate taxes during his tenure went from 5.5 percent to 9 percent; taxes on banks went from 9.5 percent to 13 percent, and the maximum on personal income went from 7 to 11 percent.
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