Schwarzenegger says he won't back Democratic budget plan
Saturday, December 20, 2008 - 22:14
in Mathematics & Economics
The governor says the $18-billion plan calling for higher taxes and spending cuts doesn't go as far as he'd like to stimulate the economy. The state may run out of money in early February. Gov. Arnold Schwarzenegger on Thursday rejected an $18-billion plan the Legislature passed to ease the state's financial crisis through higher gas, sales and income taxes and cuts to schools and healthcare.