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The California Housing and Energy Crisis: A Deep Dive into Policy Failures and Their Consequences
California's recent legislative proposals and policy directions are prompting widespread concern among residents, developers, and industry leaders. A coalition of industry groups has raised alarms over a new vehicle miles traveled (VMT) tax, which could add up to $324,000 in additional costs per new housing unit. This, coupled with ongoing energy policies that threaten refinery operations and fuel supplies, paints a picture of a state increasingly driven by policies that seem to undermine its own economic stability and quality of life.