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A Promise to Taxpayers: Your Money is Well Spent (English)

Governor Schwarzenegger -- A Personal Message

NAM InfoWire, Monthly Column, Governor Arnold Schwarzenegger Posted: Apr 01, 2006

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A Promise to Taxpayers: Your Money is Well Spent
By Governor Arnold Schwarzenegger

Two and a half years ago, California was on the brink of bankruptcy. Unemployment was growing and our economy was stagnant. Our workers compensation program was out of control and our budget was out of whack. Worst of all, our people were more worried and less hopeful. Yes, in 2003 we had a big challenge in front of us. But we met it with a bold plan for action.

We worked together with Democrats, Republicans and Independents to make California strong again. And what were the results? Together, we moved the state forward by saving it from bankruptcy; reducing our structural budget deficit nearly 75 percent; putting $4 billion back in the peoples pockets by rolling back the car tax; and cutting workers comp costs by more than 40 percent so businesses could afford to do business again in California. And, yes, we did all this without raising taxes.

Consider the impact: California has added 577,000 new jobs since November 2003. Unemployment has dropped two whole points, to its lowest rate in five years. Personal income is growing at a six percent annual rate 30 percent faster than when I was elected. Most importantly, people feel better about Californias economy and businesses are investing again.

Part of the reason why our states finances have improved in recent years is because of the increased revenue flowing into our states treasury. As your Governor, I want every hard-earned dollar you pay in state taxes put back into our system of services to benefit you and your families. When we pay our taxes, that money allows California to provide better roadways and mass transit; safe and modern schools for our children to learn; stronger levees to protect our homes and farmland from disastrous flooding; and everything to keep our state, and the people who live here, on the path to a better tomorrow.

So, California is making it easier for you when you pay your taxes on April 15. My wife, First Lady Maria Shriver, is launching a campaign to connect eligible Californians to the Earned Income Tax Credit (EITC), the nations largest resource for working poor families. This federal tax credit can provide up to $4,400 in refunds to working individuals and families every year when they file their taxes. The EITC eases the tax burden for people who can least afford to pay, but who still work and contribute to our economy.

To be eligible to receive the EITC, an individual must have earned income in 2005; be a U.S. citizen or legal resident; have a valid social security number; and have an income that falls within a certain numerical range. To find out more about the EITC and how it can help you and your family this tax season, contact the Internal Revenue Service at 1-800-829-1040 or visit their website at www.irs.gov.

I am committed to Californias hardworking taxpayers, and will continue to make sure our state uses its revenue wisely.

* * *

This column is part of a monthly series for New America Medias ethnic media partners written by Governor Arnold Schwarzenegger.



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InfoWire: Governor Column - English