From the San Diego Tribune, Nov 2003:
"Arnold Schwarzenegger wasted little time Monday getting down to his first order of business: Repealing the immensely unpopular tripling of the car tax.
News of his first action as California governor was greeted by cheers from car dealers, who have seen business dip sharply under higher rates, but by jeers from city officials who viewed the loss of tax revenue with trepidation.
"During the campaign, I promised on Day One to repeal the car tax increase," Schwarzenegger said in a prepared statement. "Today, I am making good on that promise."
Minutes after his inauguration, the Republican actor used his pen to restore the lower vehicle registration fee, also known as the car tax, effective immediately.
For most of the last five years, the registration fee was set at 0.65 percent of a car's value. On Oct. 1, it was raised to 2 percent of value. Now it reverts to the lower rate, meaning that the owner of a $15,000 car will save $210 a year."