Arnold Will Raise Your Taxes - Wants to Terminate Tax Loopholes

"I guarantee there is some meat on the chicken."

That was Arnold Schwarzenegger's characteristically colorful response to a question from the Daily News editorial board today about whether the state can dredge up more revenues by closing "loopholes" in the tax code. By "meat on the chicken," Schwarzenegger means cash -- he's sure there's more of it, somewhere, for Sacramento to scoop up.

"I would never begin negotiations by saying this (or that) is is off the table," Schwarzenegger now says, implying that in budget talks with legislative Democrats, new taxes will certainly be considered. Indeed, "There will be so many things on the table it will be like we're in the candy store."

Still, Arnold knows better than to actually say he supports tax hikes. When asked the question directly, Schwarzenegger interrupted and remarked only that he's willing to close those aforementioned "loopholes."

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