Business and Economy

California Democrats are dedicated to a robust economy and business climate that creates jobs and economic opportunity for all and the tax base for the programs and policies we champion. 

To grow the jobs and assure a prosperous future for all Californians, California Democrats will:

• Support the research, development and implementation of green electrical generation and transportation technologies with some combination of tax credits, low interest loans/loan guarantees and grants;
• Promote and guarantee low-interest small business loans to provide the seed capital to launch and expand job creating small business and growth of already successful businesses;
• Support a legislative initiative that will freeze foreclosures for up to six months where  homeowners had the ability to pay their mortgage before the adjustable rate started climbing by deferring past due payments and any increases created by the ARM to the end of the loan and/ or wrapped up in a refinance at affordable fix rates. The State will assist in locating private and or institutional lenders willing to enter into such a program. In addition the State needs to investigate and fund prosecutions where appropriate into private lender and or mortgage agent abuses including but not limited to redlining, the unauthorized switch and bait tactic of replacing fixed rate financing with ARMs; 
• Support the right of all employees to organize, select a bargaining representative of their choice, work in a safe work environment and to be free from intimidation and retaliation tactics intended to chill their rights; through the use of card check certification; 
• Oppose privatization of essential government services and the outsourcing of public sector jobs; 
• Incentives/reward employers that chose to stay in California that can show a reasonable likelihood of significant sales and job growth, by giving the California Treasurer/Board of Equalization the right to negotiate a competitive package of discounted state-based fees and or taxes to offset some of the employer's anticipated cost savings from moving the business out of California;
• Support the adoption of a Universal Health Care plan for all Californians so that California employers will not have to bear the cost burden of being the principal provider of health care and medical care to injured workers through workers compensation policies they purchase;
• Continue to support and fund job retraining and or vocational rehabilitation programs to meet the manpower needs of California's changing economy; and
• Oppose new and unfair trade agreements and renegotiate new agreements.