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Neel Kashkari: Now isn’t the time to cut taxes

By Josh Richman
Friday, February 21st, 2014 at 10:58 am in economy, energy, Environment, marijuana, Neel Kashkari, taxes.

GOP gubernatorial candidate Neel Kashkari’s top priority isn’t cutting taxes, he told the San Jose State University College Republicans on Thursday night.

They’re too high, he agreed, but he called for first getting the state’s money’s worth from the taxes it does collect to foster new jobs and better education. Once the economy is strong again, he said, it’ll be time to reform the tax code to lower the overall taxation level.

“To be candid with you, I don’t think we start there; I think we start by putting people back to work,” he told about 20 students who’d gathered to hear him speak.

Kashkari & SJSU College Republicans, photo by Josh Richman

Because Kashkari’s speech occurred on our print deadline and due to limited space in the paper, here are a few other tidbits that didn’t make it into today’s story:

He’s “not comfortable with legalizing marijuana. … I’ve never smoked pot in my life,” he said. “But I also don’t think it makes sense to lock people up, to ruin their lives, to waste millions of dollars for a small amount of drugs,” he added, noting there must be a better approach than the “war on drugs” that has disproportionately hurt minorities.

Kashkari again called for opening the Monterey Shale to fracking for shale oil, saying it’ll be a key part of the job boom California desperately needs. The nation’s highest rents aren’t in San Francisco or New York, he noted, but actually in a small North Dakota town at the epicenter of that state’s fracking boom.

A true climate-change response must be national or international in order to have any effect, he said, and a robust state economy will bring more tax revenues that can be spent in part on basic research into clean energy sources and other climate-change solutions.

“I love our natural beauty, we have to protect the environment, but I believe we need to find the right balance,” he said.

Kashkari & Barr, photo by Josh RichmanKashkari got into a back-and-forth with Cheryl Barr, 22, an industrial-design student who disagreed with his environmental positions.

Barr after the meeting said Kashkari generally “seems like a decent guy,” and she likes that he has an engineering background – he earned bachelor’s and master’s degrees in mechanical engineering and worked briefly as an aerospace engineer, before earning his M.B.A. and entering the financial sector. But his campaign mantra of “‘jobs and education’ is kind of vague,” she said, and she believes his support of fracking is misguided.

“There actually is room to create jobs that can help the environment at the same time,” she said.

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