UPDATE: In a breaking interview on CNN, California gubernatorial candidate Eric Swalwell has outlined his urgent plans to tackle the state’s escalating economic crisis, including soaring housing costs and high unemployment rates. During the broadcast on Friday, Swalwell emphasized immediate solutions while sidestepping questions about the role of Democrats in the current inflation crisis.
The interview, hosted by Elex Michaelson, highlighted California’s alarming statistics: it has the highest cost of housing and gas in the nation, alongside a staggering unemployment rate. Swalwell stated, “I want us to be a start-up nation again,” pledging to provide a tax holiday for small businesses for their first three years. His goal is to stimulate job creation and encourage more new businesses to flourish in California.
When pressed about the Democratic leadership’s responsibility for the high costs, Swalwell responded, “I’m not going to look to the past. I’m running to be the governor next year.” He aims to declare a statewide housing emergency on his first day in office, mandating that all state agencies make decisions on pending housing projects within 90 days. This initiative would temporarily pause CEQA environmental regulations, signaling a determination to expedite housing development.
Additionally, Swalwell indicated plans to enhance California’s film industry, proposing an above-the-line tax credit to make the state the most attractive place for filming. He is also committed to supporting the oil industry to prevent refineries from leaving the state, advocating for an “all-of-the-above” energy policy.
The urgency of Swalwell’s proposals comes as California grapples with a homelessness crisis and economic stagnation. He aims to expand public-private partnerships to combat homelessness and empower families in their efforts to support loved ones facing housing instability. Furthermore, he has pledged to digitize DMV services to streamline operations for residents.
As California approaches the gubernatorial election, Swalwell’s focus on addressing these pressing issues reveals the political landscape’s tension and the demand for immediate action. His plans could significantly impact the state’s economic recovery and the livelihoods of millions of Californians.
WHAT’S NEXT: With the election on the horizon, all eyes will be on Swalwell’s ability to rally support for his initiatives while navigating the complexities of California’s political environment. Voters will be keen to see how he addresses the economic challenges that have long plagued the Golden State.
