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In summary
Reversing the housing crisis and addressing homelessness will require large investments, and AB 71 is a bold step.
By Reuven S. Avi-Yonah,
David Gamage
Darien Shanske, Special to CalMatters
Darien Shanske is a professor of law at the University of California, Davis, dshanske@ucdavis.edu.
For the record: An earlier version of this commentary misstated the time frame of when California lawmakers cut the corporate tax rate.
A year into the COVID-19 crisis, the gap between corporate profits and economic security for the average American is wider than ever. Since March 2020, 45 out of 50 of America’s largest companies have made a profit and in some cases the profit has been quite substantial.