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Issue Position: Jobs and the Economy

Issue Position

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Date:
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With the United States facing its most severe economic crisis since the Depression, we need immediate action to protect our jobs, retirements, and public services.

As Vice Chair of the State Board of Equalization and former Chair of the State Assembly Appropriations Committee, Judy Chu has extensive experience in economic policy and government budgeting. She has worked closely with local governments, business and labor to create good jobs and to improve the economy in California and the San Gabriel Valley.

Dr. Chu's number one priority will be to work with the Obama Administration to quickly bring economic stimulus funding into our communities, stop rising unemployment rates and protect vital public services, including our schools, from devastating cuts. As a former college professor and local School Board member, Dr. Chu knows that public funds invested in education provide the biggest "bang for the buck" -- not only protecting the jobs of school employees but by helping prepare students to compete in the world's economy. Our economy will be the envy of the world only if we commit to having the best schools and universities in the world.

Judy Chu will work to bring 21st Century "Green Collar" jobs to the San Gabriel Valley, including jobs in conservation, public transit, biotech and alternative energy. Investing in alternative energy is vital, but we must ensure that the jobs of designing and building America's new energy future are located here. The San Gabriel Valley, with its climate, highly skilled workforce and outstanding research universities should be the nation's solar energy capital.

The foreclosure crisis has hit the 32nd District particularly hard, with the cities of West Covina and Baldwin Park facing the highest numbers of foreclosures. Dr. Chu believes the homeowners and working class families of the 32nd District deserve emergency financial support, not Wall Street and the prime mortgage lenders that created the fiscal mess. She will work hard to ensure that our local homeowners who are suffering under the current mortgage foreclosure crisis receive the necessary assistance and resources to keep them in their homes.

In addition, with the passage of Measure R which will raise $40 billion in L.A. County over the next 30 years to modernize our transportation system, we need to make sure that our communities receive their fair share of funding for transit projects and roadway improvements.

We need a tax system that treats all fairly. As a member of the Assembly Revenue and Taxation Committee, Dr. Chu authored 11 tax reform bills. Her most important achievement was being the author of the state's first tax amnesty law in 20 years. Incorporated into the state budget bill, it helped close that year's deficit, saving healthcare programs for the indigent, disabled, and elderly and funding for schools. Originally estimated to bring in $300 million, it ultimately collected $4.8 billion, without having to raise taxes on working families and small businesses. It was the most successful tax amnesty in the nation in history.


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