You've probably never heard of the most economically transformative legislation of the Trump era. Granted, it has not yet passed and it might not pass. If it does, it would affect a large portion of Americans, but hardly all of them, unlike the Tax Cuts and Jobs Act. And its potential effects are hotly contested by policy advocates, politicians, and economists.
Still, California Senate Bill 50, winding its way through the state legislature again this month, could generate tens of thousands of new jobs and billions of dollars of new investment, reshaping the geography of the biggest state and solving a large chunk of the cost-of-living crisis the Trump administration has assiduously avoided addressing by, essentially, forcing California communities to allow more construction.