Actor envisions economic revolution Lower taxes, fewer regulations at hear [View All]

Actor envisions economic revolution
Lower taxes, fewer regulations at heart of plan

Sam Zuckerman, Chronicle Economics Writer Sunday, October 5, 2003

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Gubernatorial front-runner Arnold Schwarzenegger is proposing nothing less than a Reagan Revolution for California's economy.

The five-point economic plan recently released by the Schwarzenegger campaign is a manifesto embracing a market-oriented, pro-business stand in areas ranging from the state budget to regulatory policy. Its central vision is a promise of lower taxes, lower spending and less intrusive government.

In that way, analysts say, the man who hopes to unseat Gov. Gray Davis in Tuesday's recall election is no get-along, pragmatic conservative in the mold of former Gov. Pete Wilson. Instead, he hopes to shift California's economic policies dramatically to the right, similar to the transformation that took place at the national level two decades ago under President Ronald Reagan.


"This represents a conservative agenda," said Los Angeles economic consultant Donald Straszheim. "We have had a liberal governor and a liberal Legislature, and now the fireworks are going to start." Reactions to Schwarzenegger's proposals are colored by ideology and party affiliation.

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