Gov. Gavin Newsom said Monday that a Trump administration program that provides tax breaks meant to spur investment in low-income areas could boost California’s economy.
Newsom said the Opportunity Zones program could help address two of the state’s major challenges: promoting energy investment to meet its climate change goals and providing funding for housing amid a shortage that has exacerbated income inequality.
The article goes on to state the following:
Newsom acknowledged that it was unusual for a Democrat to endorse a Trump program, particularly given how frequently he and the president have sparred.
“We all heard about these opportunity zones. We were a bit perplexed,” Newsom said. “A lot of us, at least on my side of the political aisle said, ‘That actually sounds like a good idea. Wait a second, it came out of which administration? I’m still trying to get my arms around it. Maybe it’s too good of an idea.’”
Gov. Gavin Newsom said Monday that a Trump administration program could help address the state’s major challenges – promoting energy investment to meet climate change goals and providing funding for housing amid a statewide shortage. https://t.co/Ym29O73LcV
— San Francisco Chronicle (@sfchronicle) March 19, 2019
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