[Congressional Record (Bound Edition), Volume 156 (2010), Part 1]
[House]
[Page 9]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         SCHWARZENEGGER'S FOLLY

  (Mr. McCLINTOCK asked and was given permission to address the House 
for 1 minute.)
  Mr. McCLINTOCK. Mr. Speaker, California's Governor is seeking 
billions of dollars of additional Federal funds in order to fill his 
ever-widening budget deficits.
  Last April, he imposed the biggest tax increase by any State in 
American history, despite repeated warnings of the damage it would do 
to the State's economy. California already had the highest sales and 
income taxes in the Nation. He increased both.
  The taxes were supposed to produce $13 billion of additional revenue. 
But after 9 months, California's sales tax collections are down $270 
million; income tax collections are down $10 billion. The only major 
tax not raised, the corporate tax, is the only tax that is producing 
more revenue. That is up $2.4 billion in the same period.
  I have a modest suggestion to Governor Schwarzenegger: rescind the 
tax increase that has crushed California's economy and its revenues. 
And to my House colleagues, let's not repeat Governor Schwarzenegger's 
folly nationally.

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