California Governor: Largest State Tax Rebate in American History

California Governor: Largest State Tax Rebate in American History

Sacramento,  CA (STL.News) Governor Gavin Newsom today previewed his $100 billion California Comeback Plan – the biggest economic recovery package in California’s history – including unprecedented investments to address the state’s most persistent challenges, starting with nearly $12 billion in direct cash payments to Californians hit hardest by the pandemic.

Chief among the new proposals is a major expansion of the Golden State Stimulus, providing additional direct payments to middle-class families that make up to $75,000.  Under the plan, two-thirds of Californians will benefit from $600 direct payments.  Qualified families with dependents, including undocumented families, will also now be eligible for an additional $500.  The plan triples California’s previous investment, reaching more people and giving bigger benefits.

“California’s recovery is well underway, but we can’t be satisfied with simply going back to the way things were,” said Governor Newsom.  “We are tripling the Golden State Stimulus to get money in the hands of more middle-class Californians who have been hit hard by this pandemic.  Two in three Californians will receive a check from the state and more than $5 billion in aid will be made available to those who need help paying their rent or utility bills.”

Under Governor Newsom’s California Comeback Plan, the state would also offer the largest renter assistance package of any state in America, with billions of dollars to help low-income Californians pay back 100 percent of their back-rent, their rent for the months to come and overdue water and utility bills.

Throughout the week, Governor Newsom will highlight other major investments and key initiatives of the California Comeback Plan.

Governor Newsom’s California Comeback Plan seizes this once-in-a-lifetime moment to address long-standing challenges by taking on threats to our state’s future and ensuring every California family – regardless of their race or zip code – can thrive.

About Maryam Shah 5718 Articles
Maryam Shah is a teacher, mother, and wife. She is dedicated to publishing news provided by the US Department of State, State Governors, and more. She constantly monitors the web for the latest news updates, quickly publishing stories to help keep the public informed.