UPDATE: California gubernatorial candidate Eric Swalwell has just outlined his urgent plans to tackle the state’s economic crisis during a live interview on CNN. In a candid discussion aired earlier today, Swalwell addressed the soaring costs of living, high unemployment rates, and a lack of new businesses, all while avoiding questions about whether Democrats are to blame for inflation.
The interview, hosted by Elex Michaelson, highlighted critical issues: California has the highest cost of housing in the nation, skyrocketing gas prices, and a staggering number of homeless individuals. Swalwell stated, “We have the highest unemployment rate in the country. We also have the fewest new small business starts.” His proposed solutions aim to revitalize California’s economy by prioritizing small businesses and housing.
Swalwell announced a groundbreaking initiative—a tax holiday for small businesses during their first three years of operation. “I want you to create jobs, increase business-to-business revenue, and signal that California is open to entrepreneurs,” he emphasized. This plan could potentially transform the state’s business landscape and stimulate job creation.
In response to persistent concerns about the Democratic leadership’s role in the current economic challenges, Swalwell maintained, “I’m not going to look to the past. I’m running to be the governor next year.” His focus remains on actionable solutions rather than political blame.
Additionally, Swalwell pledged to declare a statewide housing emergency on his first day in office, compelling state agencies to make decisions on pending housing projects within 90 days. This move aims to expedite housing development by pausing certain environmental regulations under the California Environmental Quality Act (CEQA).
Swalwell’s vision extends to enhancing California’s film industry, promising to make the state the easiest place to film. He also advocates for an all-of-the-above energy policy to retain oil refineries and increase public-private partnerships to combat homelessness effectively.
With these ambitious proposals, Swalwell aims to reinvigorate California’s economy and address pressing social issues. As he positions himself for the gubernatorial race, all eyes will be on how these plans unfold in the coming months.
Stay tuned for more updates on this developing story as California prepares for a pivotal election year.
