Doug’s comment reminds me that I forgot to mention both Schwarzenegger’s sales tax proposal in my story in Thursday paper and Torrico’s take on it. Torrico said the governor has proposed increasing the sales tax rate for three or four years and then lowering it below the current rate, I guess so he wouldn’t have to call it a tax.
Torrico didn’t seem exactly sold on Schwarzenegger’s proposal. His exact words were, “I don’t know why the hell he’s doing that.”
Also, I didn’t note in the blog item that the tax hikes Torrico says he wants would only affect corporations, the very, very rich and yacht owners taking advantage of a tax loophole.