Gavin Newsom: “I more than doubled [the tax credit program] to the second…”

“And frankly, California was not proactive in terms of supporting the industry, particularly with its tax credit program. You're right. I more than doubled [the tax credit program] to the second highest level in the United States, right below Georgia. But New Jersey, to your specific point, went even further in terms of how they structure their tax credits above the line. Not just quote unquote, below the line.” (13:31–13:38)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.