Posted on 06/27/2022 5:20:10 PM PDT by SeekAndFind
About 23 million Californians will be eligible to receive $1,050 checks under a new inflation relief package, the governor announced June 26.
Gov. Gavin Newsom, Senate President Pro Tempore Toni Atkins (D-San Diego), and Assembly Speaker Anthony Rendon (D-Lakewood) agreed to allocate $17 billion from the state’s budget toward inflation relief. Part of that fund, about $9.5 billion, will go toward direct payments to residents.
The move comes as Californians are paying the highest gasoline prices in the country, with most counties averaging above $6 per gallon.
“California’s budget addresses the state’s most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries,” Newsom said in a statement.
The relief package will also suspend the gas tax, which was expected to rise on July 1, and provide additional funds to help people pay their rent and utility bills, Newsom said.
“That’s more money in your pocket to help you fill your gas tank and put food on the table,” the governor wrote on Twitter June 26.
Atkins said the budget agreement will “bring relief to taxpayers in a significant and equitable way, putting our state’s wealth to work for Californians” in a post on Twitter the same day.
For the last few months, Republican and Democrat lawmakers have been introducing their own ideas to put money back in residents’ pockets. While Republicans urged the Democrats to come to an agreement to suspend the gas tax, Democrats urged the state to investigate the “real cause” of high gas prices by probing oil industrialists.
The inflation relief package will come directly from the state’s $97 billion budget surplus and will be sent based on income, household size, and tax-filing status, similar to the same way stimulus checks that were sent out during the COVID-19 pandemic.
Residents can expect to receive their $1,050 relief payment via check, direct deposit, or debit card by late October.
Dual income households above $500,000 and single taxpayers who earn above $250,000 will not be eligible for the tax rebates.
Greasy Gav trying to pump up his approvals prior to his run for the White House.
Like trying to put out a fire by throwing in more firewood.
. . . And the money comes from where?
“$1,050 in inflation relief” Which will of course cause MORE INFLATION.
A money tree, where else? /sarc.
Residents can expect to receive their $1,050 relief payment via check, direct deposit, or debit card by late October.
Heck, we are still waiting for our California Tax refund and our fed tax refund.
Imagine how bad it would be if STATES could print fiat like the Feds can.
CA dispensing voter bribes budget surplus from fedgov infusion of funds from productive red states.
We could see coming this from Uranus.
That’ll cover about 5 or 6 trips to the gas station in CA.
From me! I want a refund of my taxes. It's going to causes I don't approve of. Taxation without representation. If they're not spending it on fixing infrastructure then it needs to be returned to me. After they do a giveaway of the surplus budget, they'll be demanding a tax increase next year for "unforeseen" needs. Scoundrels!
23m x $1050 should be immediately eliminated in federal funds to CA.
Government can give you nothing it does not first take away.
Uhhhh they aren’t printing money, skippy
California has an imaginary “budget surplus”.
L
ML/NJ
Well, California has a budget surplus of nearly $100 Billion.
See here:
https://www.nytimes.com/2022/05/13/us/california-budget-surplus.html
RE: . . . And the money comes from where?
Well, California has a budget surplus of nearly $100 Billion ( so they say ).
See here:
https://www.nytimes.com/2022/05/13/us/california-budget-surplus.html
Could this action actually be.....inflationary?
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