Schwarzenegger Would Consider Tax Hikes-Aide
Thu August 21, 2003 05:02 PM ET
SAN FRANCISCO (Reuters) - California gubernatorial candidate Arnold Schwarzenegger would consider boosting taxes to mend the state's battered finances and lift its rock-bottom credit rating, the Republican's spokesman said on Thursday.
While the movie star running to replace Gov. Gray Davis in an Oct. 7 recall election said on Wednesday he opposed tax hikes except to possibly deal with something like a natural disaster, his spokesman told Fox News that huge budget shortfalls and protecting the state's credit could warrant such increases.
"The truth of the matter is it could be as high as $20 billion," campaign spokesman Sean Walsh said in reference to a potential budget deficit.
"We do not know what the totality of this fiscal situation is. For all we know, there may be zero dollars in the bank. So, you never say never."
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