Schwarzenegger repeals Calif.'s $4.3 bln car tax

Newswire

SACRAMENTO, Calif., Nov 17 (Reuters) - Newly inaugurated Gov. Arnold Schwarzenegger, in his first official act, on Monday repealed a $4.3 billion increase in the state's highly unpopular car tax within hours of taking office. Repealing the increases, however, could swell California's huge budget deficit by another $7.4 billion next year, bringing the total to $17.8 billion, the state's nonpartisan Legislative Analyst's Office said in a report last week.

Premium Content (PAID Subscription Required)

"Schwarzenegger repeals Calif.'s $4.3 bln car tax" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×