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Schwarzenegger Wants To Reform Tax System

Sacramento, CA — Governor Arnold Schwarzenegger is calling for a special session to overhaul California’s tax system.

A 14 member Commission on the 21st Century Economy is recommending that California repeal the sales and corporate taxes, flatten the income tax rate and tax a wider variety of businesses.

Schwarzenegger says he is pleased with the non-partisan group’s recommendations and would like to have a session to discuss the matters before the end of the year.

Written by bjhansen@mlode.com.