LAT: Phil Angelides, CA Dem candidate for governor, proposes tax cuts [View All]

[DeepModem Mom]

Angelides Proposes Tax Cuts
He hopes to reinvigorate his run for governor with the $1.4-billion proposal, which would mostly benefit middle-class residents.
By Michael Finnegan, Times Staff Writer
August 17, 2006

After months of being pummeled by Gov. Arnold Schwarzenegger over his plan to raise taxes, Democratic gubernatorial nominee Phil Angelides called Wednesday for $1.4 billion in tax cuts, mainly for middle-income Californians.

The tax breaks were the centerpiece of a broad fiscal agenda that Angelides laid out Wednesday in an effort to blunt the Republican governor's attacks and reinvigorate his campaign, which has struggled to recover from a vicious Democratic primary. Aides said the proposal would form the campaign's foundation for the final three months of the race.

But Angelides, the state treasurer, stood by his call for more than $5 billion in tax increases on corporations and Californians who make more than $250,000 a year. That plan, along with an array of tax-hike proposals that Angelides embraced over the years but later abandoned, has drawn ferocious criticism from Schwarzenegger's reelection campaign....

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In the general election contest, Angelides has struggled to gain his footing. Polls last month found Schwarzenegger well ahead.

The Democrat has been slow to raise the money he will need for extensive television advertising after Labor Day. And he has been fighting efforts by Schwarzenegger's campaign to cement an impression among political insiders that Angelides is bound to lose....

http://www.latimes.com/news/local/la-me-angelides17aug17,0,6584711.story?coll=la-home-local