Democratic gubernatorial candidate Phil Angelides on Friday promised to provide health care for all of California’s children if elected by closing corporate tax loopholes and tax breaks given to those who earn more than $500,000. Standing with a group of parents and their children outside a health center in East Los Angeles, Angelides gave brief details about his plan that he says would provide health care insurance for children, reduce college tuition and help fund public education. Angelides, the state treasurer, estimates California would have to roll back about $5 billion in corporate tax loopholes and tax breaks for those earning more than a half-million dollars. “I’m going to protect working families, I’m going to stand up for them and I’m going to make corporations and multimillionaires pay their fair share,” Angelides said. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2Health care reform is shaping up to be a key campaign platform leading up to November’s election. Both Angelides and Gov. Arnold Schwarzenegger this week indicated it would be one of their top priorities if elected. On Wednesday, Schwarzenegger called for a summit to develop a new health care system that would provide assistance for all Californians. Schwarzenegger has previously opposed a universal health care system, but said he may make 2007 “the year of health care” if he remains governor. Schwarzenegger drew the ire of health care advocates in October when he vetoed two bills that were designed to provide medical coverage for about 800,000 uninsured children in California. Schwarzenegger supported the concept but questioned where the money would come from to pay for it. Schwarzenegger’s campaign defended his record on Friday, noting that since he took office, children’s enrollment in the Medi-Cal and Healthy Families programs has increased 10 percent and now serves more than 4 million children. His supporters also said overall health care spending in California has grown nearly 30 percent.