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OPINION: California Car Tax Hike Backfires.
The Orange County Register, Calif. Knight Ridder/Tribune Business News
Oct. 27--The tripling of the car tax is decreasing luxury sales, possibly costing the state treasury more than it brings in.
Tax increases bring unforeseen consequences. That's becoming clear with Gov. Gray Davis' tripling of the car tax, which took effect Oct. 1 and which Gov.-elect Arnold Schwarzenegger says he will revoke upon taking office next month.
"Statewide sales of new luxury motor vehicles plunged 40 percent from Sept. 1 to Oct. 19 -- a period that included a tripling of California's vehicle license fee -- according to an affiliate of J.D. Power and ...
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...By Peter Larsen, The Orange County Register, Calif. Knight...children while cutting the car tax and rejecting other...To see more of The Orange County Register, or to subscribe...com (c) 2003, The Orange County Register, Calif. Distributed...