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...Schwarzenegger has made his job more difficult by making three popular pledges: he?ll repeal the recent increase of the car tax, he won?t raise taxes and he won?t cut education spending. The car tax repeal alone will widen the budget gap by $4 billion. But Arnold shrewdly avoided revealing any other details of his plan to fix the budget, arguing he first needs to audit the entire government. While that wasn?t fair to voters - and in exit polls two-thirds griped that he hadn?t given them enough information - they voted for him anyway...

Author: /time Magazine | Title: Advice For Arnold | 10/10/2003 | See Source »

...afraid to knock some heads. The day after the election, Schwarzenegger and Democratic Senate Majority Leader John Burton had a nice phone call about working together, but, Burton told reporters later, the senator told Schwarzenegger he can?t repeal the car tax without the legislature?s approval. At his press conference later in the day, Schwarzenegger replied, ?We have a difference of opinion.? It will probably be the first of many with the legislature. Some Arnold will have to make compromises on, but sometimes he?ll have to draw the line. He is the Governor after...

Author: /time Magazine | Title: Advice For Arnold | 10/10/2003 | See Source »

...least-I’m-nots huffed and stammered each time Bush cut taxes for the rich, baffled at the nerve of a blue-blooded Yalie to pass off opportunism as economic stimulus. But now that Red Sox Democrats want to win some red states, their candidates dare not repeal all of those tax cuts, even though a stalled economy and cash-starved social programs make that the obvious move...

Author: By Blake Jennelle, | Title: A Party for Those Damned Red Sox | 10/6/2003 | See Source »

...kind of change that alters the way people behave. We made the law on the 35-hour week more flexible by exempting from it all businesses with fewer than 20 employees. But your party has always denounced the 35-hour law as sheer stupidity. Why not just repeal it altogether? We've done so for 95% of French companies - those with fewer than 20 employees. The big companies have generally come to terms with the law and aren't asking for a change. The big problem is in the public sector, where changing it has provoked opposition that we have...

Author: /time Magazine | Title: "France Needs To Open Up" | 10/5/2003 | See Source »

This became apparent early in his presidency, when Bush championed the repeal of the estate tax—or as Republicans like to call it, the “death tax.” Never mind that giving people gobs of unearned money is known to dampen their desire to get a job and actually be productive. A tax on death is just wrong, Bush insists—it is almost as offensive as a tax on coffee. And so, countless scions of the upper class were put back on the inheritance dole...

Author: By Eoghan W. Stafford, | Title: Bush's Distorted Economics | 10/1/2003 | See Source »

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