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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (14308)	6/7/2004 3:36:28 PM
From: Thomas M.	Respond to of 173976

A budget crisis. An actor who wants to be governor so he can cut taxes and bloated government. California has seen this script before. How did Ronald Reagan deal with the mess he inherited in 1967? First, he pronounced the problem much worse than he thought it was. Then, he raised taxes — by a lot. In his new book, "Governor Reagan: His Rise to Power," (PublicAffairs), the journalist Lou Cannon describes the drama: "No amount of budget reductions, even if they had been politically palatable, could have balanced California's budget in 1967. The cornerstone of Governor Reagan's economic program was not the ballyhooed budget reductions but a sweeping tax package four times larger than the previous record California tax increase obtained by Governor [Pat] Brown in 1959. "Reagan's proposal had the distinction of being the largest tax hike ever proposed by a governor in the history of the United States. He sought tax increases on sales, personal income, banks and corporations, insurance companies, liquor and cigarettes. When Reagan unveiled the plan on March 8, it carried a price tag of $946 million. When it passed the Senate with various attachments, including a tax on services that the press dubbed the `shoeshine tax,' the total was $1 billion. And this from a governor two months in office who had campaigned on the virtues of tax reduction!" hnn.us