State Democrats are asking for 300 million dollars to help connect small businesses with loan opportunities. Assembly Speaker John Pérez says that will help create much – needed new jobs:
“Small businesses are the economic engine of the state of California, and we must make a concerted effort to provide the assistance small businesses need to expand and hire new workers.”
Seth Unger with the Republican Caucus says the proposal is better than nothing. But he says the Democrats budget plan also includes several tax hikes:
“Any type of incentive would be far outweighed by the penalties of the tax increases that they’re proposing.”