CA gov paying off voters right before the Nov election.
Californians to get 'inflation relief' payments
CHICO, Calif. - State lawmakers just approved the new budget and $17 billion of it will be rebates for taxpayers, but some people think it is too little too late.
"Why is everything so expensive?” said Faizal Nazaruddin who is tired of high prices.
This is the million dollar question many people are asking right now.
"I no longer buy ice creams or cereals,” said Nazaruddin. “Meat is definitely out of the equation."
Nazaruddin is one of many making major spending cutbacks for him and his dog, Sadie. He told Action News Now he is just buying the necessities.
"These aren't like luxuries. This is just regular life,” said Nazaruddin. “All the luxuries I left behind."
The $17 billion “inflation relief package” would give 23 million Californians a $200 or more tax rebate. The money comes out of the state’s $100 billion surplus.
Every California tax payer would receive either $350, $250 or $200 dollars based on their income level with an additional payment of the same amount if they have at least one dependent.
"We've already spent three, four, five times that amount,” Nazaruddin told Action News Now.
Single filers who make less than $75,000 would get $350. If you’re a single filer who makes $75,001 to $125,000 you would get $250, and single filers who make $125,001 to $250,000 would get $200.
Joint filers would get double these payments plus every dependent would add either $350, $250 or $200 all according to which income bracket they fall into.
For example, a married couple earning $100,000 per year with one child would get $1,050.
"It's better than nothing,” said Bill Hayes who lives in Chico.
Republican Assemblyman for District 3, James Gallagher, does not think this will make a dent in inflation.
“Actually in some ways it might contribute to greater inflation,” said Gallagher.
Gallagher believes that inflation will get worse since prices still will not go down with the tax rebate.
“I think we should focus on lowering costs. We can lower the gas price by suspending all of the gas tax. The president is going to do this at the federal level, he already announced that. We can do this at the state level,” said Gallagher. "If we did both the state and the federal that would be over 70 cents a gallon that everyone would save."
The payments from the state would show up by late October.
https://www.actionnewsnow.com/news/californians-to-get-inflation-relief-payments/article_2f9cdc44-f750-11ec-99b0-0fa1d72d0096.html