Inflation Relief is headed out West
Californian will receive inflation relief through tax rebate payments...
California taxpayers are getting the relief they may need through tax rebate payments after an agreement has been reached by state officials.
A joint statement from Gavin Newsom, Tempore Toni Atkins, and Anthony Rendon read, “The centerpiece of the agreement, a $17 billion inflation relief package, will offer tax refunds to millions of working Californians."
23 Million Californians will reportedly receive up to $1,050 in payments being issued via debit cards or direct deposit refunds, according to the framework presented. Based on a taxpayer’s income, they would receive either $350, $250, or $200 with payment of the same amount if they have one dependent (at least).
Those making less than $75,000 a year and filing as single would receive $350 and joint filers with incomes under $150,000 will receive $700 (82% at this income level).
Single filers making $75,001 to $125,000 will receive $250 and joint filers making between $150,001 and $250,000 will receive $500 (12% at this income level).
Individuals filing as single and making $125,001 to $250,000 will receive $200 and joint filers making $250,001 to $500,000 will receive $400 (6% at this income level).
California is also set to suspend the diesel sales tax come this October. According to the Department of Finance, "The state will provide local governments with the equivalent amount of revenue, estimated at $439 million so that there will be no impact on local transportation funding projects.” This is said to cover the existing tax of $0.23/gal.
Additional funding will be provided to aid in paying rent and utility bills as well as attempting to make California the first state to achieve universal access to health care coverage.
$200 Million is going towards funding for reproductive health care costs as the joint statement said, “This budget builds on our unprecedented commitment to transform the resources available in our state, from a $47 billion multi-year infrastructure and transportation package to education and health care, showing the nation what a true pro-life agenda looks like.”