Governor of California Newsom present rare praise for Trump
President Trump and the governor of California. Gomin Newsom was already at stake long before the last one appeared in Sacramento earlier this year, in speeches and social networks mutilating each other on issues ranging from immigration to high-speed train projects.
So it was probably a shock to many when Newsom offered rare praise on Monday for a Trump policy that offers tax cuts to encourage investment in low-income areas.
In a speech at Stanford University, Newsom said that the Opportunity Zones program will not only help stimulate California's already huge economy, but also help raise funds to address the state's housing crisis and promote energy investment for able to achieve your climate goals.
Newsom acknowledged in his speech that it was an unusual move for a Democrat, let alone one with a public record of struggling with the president, to support a program announced by the current White House government.
"We all hear about these opportunities. We were a little surprised," Newsom said, according to the San Francisco Chronicle. for a moment, it came from what kind of administration? I'm still trying to get my arms around him. Maybe it's an idea too good. "
California is currently in the midst of a major housing crisis: driven by limits on the amount of money cities and provinces can spend on new housing, and the boom in the technology industry that has attracted many new residents and has boosted property prices throughout the state. Currently, many parts of the San Francisco Bay Area, including the neighborhoods of Oakland, Berkeley, and San Jose, have been designated as low-income areas, even if people flock to it.
Newsom argued in his speech that tax exemptions and the program will only succeed if the investments also benefit people who currently live in low-income designated neighborhoods.
"We do not just believe in growth, we believe in inclusion, you can not have one without the other," Newsom said. "I appreciate your interest, I hope it's not just quick money."
CTM | 19th March 2019