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$300B Budget Deal Would Send Cash to Californians to Ease Gas Price Pain

Governor Gavin Newsum and legislative leaders have agreed to provide up to $ 1,050 to millions of families in California to help raise fuel prices and inflation, they confirmed Sunday night.

The three-tier program will benefit about 23 million taxpayers in California, including single taxpayers earning up to $ 250,000 and joint taxpayers earning up to $ 500,000, with low- and middle-income households gradually receiving more money.

The $ 9.5 billion tax returns reported by CalMatters on Friday are part of a $ 12 billion relief plan that is central to a broader plan A $ 300 billion budget deal announced by state leaders Sunday night.

“California’s budget addresses the state’s most urgent needs, giving priority to putting dollars back in the pockets of millions of Californians struggling with global inflation and rising prices for everything from fuel to groceries.” Newsum, Pro Senate President Tom Tony Atkins and Speaker of the Assembly, Anthony Randon Said in a joint statement.

Under the tax refund plan, households earning up to $ 75,000 for individuals or $ 150,000 for co-taxpayers will receive $ 350 per taxpayer, plus an additional $ 350 if they have at least one dependent. So a single parent will receive $ 700 and single-parent families will receive $ 1,050.

The amount will be reduced to $ 250 per taxpayer for households earning up to $ 125,000 for individuals or $ 250,000 for joint submitters, and for $ 200 for taxpayers for households earning up to $ 250,000 for individuals or $ 500,000 for joint submitters. In these two layers, parents will receive an additional $ 250 or $ 200, respectively, if they have at least one dependent.

California residents with an income above $ 250,000 per individual or $ 500,000 for co-applicants will not receive a discount. The assistance package also includes $ 1.1 billion in assistance to recipients of Supplementary Social Security or CalWORK.

“The plan recognizes that some people are hurting more than others and giving them greater relief,” according to an email sent earlier this week to Democrats in Congress.

The differences in proposed spending on universities, housing and social safety net plans, as well as the details of a large climate package, have been delayed while the legislature Passed a budget indicating a location earlier this month. But the biggest delay to the deal, which must pass before legislators leave for the summer break at the end of the month, has been the controversy over direct financial assistance to taxpayers.

Newsom and legislators’ leaders have been debating for months whether to target the relief to the most needy drivers or California residents.

During his state of the nation address in March, the governor called for a plan to deal with rising spiral gas prices, which have since reached an average of More than $ 6 per gallon. He proposed marriage Send $ 400 debit cards to every registered vehicle owner In the country, up to two per person.

Legislative leaders vehemently opposed this approach, which did not include an income limit. Advanced critics have noted that it will benefit millionaires and billionaires while leaving California too poor to own their own cars.

The agreement is much closer to The Shatkins and Randon program was inventedWhereby the state would cut checks of $ 200 for each eligible and dependent taxpayer living in households earning less than $ 250,000 per year for a couple or $ 125,000 per year for a single.

Although Demand is growing From Republican lawmakers, plus a growing number of Democrats, the plan does not include a broad suspension of the state’s gas tax, which is set to rise by three cents on July 1st. The relief plan includes, however, suspending part of the sales tax on diesel, lowering prices by about 23 cents per gallon and costing $ 439 million.

$300B Budget Deal Would Send Cash to Californians to Ease Gas Price Pain Source link $300B Budget Deal Would Send Cash to Californians to Ease Gas Price Pain

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