June 01, 2004

Lou Cannon -- Reagan vs. Schwarzenegger. "The governor's biggest break with the Reagan legacy has come on taxes. Mr. Reagan, who inherited a whopping budget deficit, eliminated it at one swoop by agreeing to a mammoth and surprisingly progressive $1 billion income tax increase. Mr. Schwarzenegger, however, has opposed any tax increase .. ".. More Lou Cannon. Posted by Greg Ransom | TrackBack