Schwarzenegger vows to veto California tax boost

Now this makes sense to me… way to go, Conan! Hasta la vista!

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Posted: 18 June 2009 1237 hrs

California Governor Arnold Schwarzenegger

SAN FRANCISCO: California Governor Arnold Schwarzenegger has warned lawmakers against trying to raise taxes to plug the state's budget deficit, vowing to veto any proposed tax increase.

Speaking after meeting with Democratic legislators who have been working on a budget bill, the Republican governor said he would resist any attempt to hike taxes or fees for public services.

"I made it clear to them that even though they've done a good job, I cannot sign a budget that has tax increases in there," Schwarzenegger told reporters at a news conference in Sacramento.

"We just had the largest tax increase in the history of California four months ago. To come out with another tax increase four months later is irresponsible."

California is grappling with a 24-billion-dollar deficit caused by plunging revenues as the recession bites hard in the most populous US state. Schwarzenegger has warned that the state will run out of money next month unless lawmakers agree on a budget soon.

Schwarzenegger said he could not sanction tax increases on the public after Democratic lawmakers rejected his proposal to slash the pay of 235,000 state employees by five per cent.

"I think it would be very unfair to the people of California to protect state employees, to vote against a cut in state employees' salaries of five per cent while they raise taxes on the public," he said.

- AFP/so

From ChannelNewsAsia.com; see the source article here.

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White House seeks more funds vs A(H1N1)

06/03/2009 | 10:37 AM

WASHINGTON — The White House on Tuesday night asked Congress for $2 billion to help prepare for a possible swine flu pandemic — a request that came on top of up to $2 billion already pending in House-Senate talks on a huge war funding bill.

President Barack Obama also sent lawmakers a request for $200 million in humanitarian aid to Pakistan, where 2.5 million people have been displaced from their homes, in large part because of the government's campaign against insurgents.

The requests, if granted, would likely bring the cost of Obama's funding bill for military and diplomatic efforts in Iraq and Afghanistan to more than $100 billion.

Republicans in the House are lining up to oppose the war-funding bill if Democrats insist on including in it a new line of credit for the International Monetary Fund.

Democrats may have to scramble to pass the bill in the House, where Republican votes are likely to be needed to make up for about 50 anti-war liberal Democrats who opposed it last month.

At the core of the tentatively priced $98.8 billion House-Senate measure is $79.9 billion for the Pentagon, a figure that's also rankling House Republicans since it represents an almost $5 billion cut from the version that passed the House last month. That measure did not include funding for the IMF.

Responding to media reports that House Democratic negotiators have agreed to include a new $100 billion line of credit to the IMF — a top priority of President Barack Obama — the top Republican in the House said Tuesday he would oppose the bill.

"Let's be clear: a troop-funding bill should fund our troops, period," said Minority Leader John Boehner, a Republican from Ohio. "Weighing down this critical legislation with nondefense spending will only drag this process out further and cost it essential Republican support needed for passage."

Obama promised the IMF money at April's G-20 summit to help developing countries deal with the troubled global economy. About $8 billion for an earlier commitment for the IMF will be included. - AP

From GMANews.tv; see the source article here.

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