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Newsom Using Budget Surplus $$ To Give Tax Refunds

Three money bags and stacks of money on white with soft shadow. Photo from Alpha Media USA Portland OR
Three money bags and stacks of money on white with soft shadow. Photo from Alpha Media USA Portland OR

California Governor Gavin Newsom is seeking legislative approval on his latest plan to send stimulus checks to two-thirds of Californians.

 

What started out as a 600 dollar check for low-income people, has now expanded to include families earning as much as 75-thousand dollars.

 

Though a family with two adults, each working full-time for 40-thousand dollars each, would not be eligible as they would be over the 75-thousand dollar threshold for family income.

 

The stimulus checks are 600 dollars, with another 500 dollars going to families with children.

 

It is all part of Newsom’s Golden State Stimulus which he is rolling out in the face of a recall election in late 2021.

 

Newsom is using the state’s huge 75 billion dollar budget surplus, so essentially, you are simply getting a refund of some of the tax dollars you have already sent to the state, that allowed the state government to amass the 75 billion dollar surplus in the first place.

 

Five billion dollars will be sent to people who can’t pay the rent or the utility bills because businesses were forced to close and workers were laid off during government lockdowns.  Thousands of people who filed for unemployment benefits one year ago, still have not gotten any money, due to massive fraud at the California Employment Development Department.

 

 

Three money bags and stacks of money on white with soft shadow.

Photo from Alpha Media USA Portland OR

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