Last year, Kim was one of the sponsors of the Community Investment and Prosperity Act, a proposed law that later was encompassed in another piece of legislation that expanded banks’ ability to invest in communities in a way that promotes economic development and the public good. The law allows national and state member banks to invest up to 20% of their capital and surplus in affordable housing, small business lending and community revitalization.
“Families across California have felt the effects of rising costs for years. From delivering meaningful tax relief to supporting commonsense housing and energy reforms, I remain committed to fighting for opportunity and economic security that put Californians first,” Kim said in a press release issued by Americans for Prosperity in May.
Calvert sees affordability as the biggest challenge facing families and blames Sacramento for the rising costs and “driving businesses out of the state.” He points to his vote in support of the One Big Beautiful Bill Act, which maintained many of the tax cuts in the Tax Cuts and Jobs Act of 2017 and raised the State And Local Tax (SALT) deduction cap.
“My priority is fighting to lower everyday costs, help families keep more of what they earn and supporting policies that fuel economic growth, which in turn provides higher wages and more opportunities for California families and workers,” he said.