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CAR TAX UPDATE….I see that the California legislature is thinking of taking my advice and raising the vehicle license fee back to the same rate (2% of assessed value) that we had for most of our history:
The plan creates a potential political quandary for Gov. Arnold Schwarzenegger. The last governor to triple the vehicle license fee was his predecessor, Gray Davis, and it played a large role in his recall. In his first act in office, Schwarzenegger cut the fee back down to its current rate.
Yeah, that’s a quandary all right. Poor Arnold.
