Posted on 07/10/2022 3:33:00 PM PDT by Roman_War_Criminal
Some states are rolling out new inflation relief stimulus for their residents in the form of either checks or tax rebates. Critics of this measure are arguing that giving people free money will only keep inflation higher for longer.
One such state is California, where Gov. Gavin Newsom just announced that some 23 million of its 39 million inhabitants will receive checks of up to $1,050 as part of a $17 billion “inflation relief” spending package. This package includes rental assistance, suspension of the state sales tax on diesel and funding to help people pay for past-due utility bills. (Related: Federal Reserve may adopt “more restrictive” policies if inflation persists.)
“Cha-ching! You just received a deposit,” wrote the governor’s office in a June 30 statement announcing that Newsom had just signed the state’s $308 billion budget, which, along with the money already earmarked for inflation relief, includes an additional $9.5 billion in tax rebates “to help address inflation.”
In Indiana, Republican Gov. Eric Holcomb plans to provide relief in the form of a $1 billion tax rebate, which amounts to around $350 per Indiana taxpayer. This plan was unveiled in early June, with Holcomb saying that Hoosiers have “real needs right now during this period of high inflation.”
(Excerpt) Read more at debtcollapse.com ...
Gee, ya think?
I ain’t holding my breath for no check. I never got my free crack pipe either and I’ll bet Hunter got a thousand of ‘em.
Could? Did this dude go to economic school with alexandra occasional cortex?
Good chance Newsom is the next president they will install.
Like putting out a fire with gasoline.
David Bowie
Another stupid gimmick.
Every nancybuck is printed out of thin air, leading to chronic nancitis.
‘Inglorious Bastards’
does a Fine Job of it.
.
Yes more Free Money.
Baa Baa Baa BAD!
I’d rather have My
Country Back.
Except in blue state of WA where Inslee raises taxes to curtail inflation.
Took the words right out of my mouth!
And - let’s not forget when Obama made English language learners a “Disability,” for Federal Benefits in 2014. Just another corrupt gimmick to funnel inflationary federal welfare checks to millions of incoming illegals!!
Could buy votes, so there is that.
If these stimulus checks are funded from money paid by taxpayers, they are not inflationary. If they are funded from federal handouts to the states that were funded by debt, then they are.
bttt
Ever notice democrats give out more money in election years than any other time in off years is when taxes go up to pay for the next round of give away money.
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