Schwarzenegger, Breaking Ranks With GOP, Backs Stem Cell Bonds

Kelemen, Jasmina
October 2004
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p3
Trade Publication
The article reports that California Governor Arnold Schwarzenegger has thrown his weight behind a $3 billion measure that would authorize tax-exempt, general obligation bonds to fund embryonic stem cell research, breaking ranks with the U.S. Republican Party, which opposes such research. Amidst growing support for the measure, opponents have emphasized Proposition 71's costs, calling the measure a public subsidy for pharmaceutical companies and venture capitalists, rather than stressing the ethical qualms many religious and conservative leaders have expressed over the use of embryos for research.


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