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Thread: Newsom Solves Inflation with More Spending

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    Newsom Solves Inflation with More Spending

    Gov. Newsom announces $18B inflation relief plan ahead of May budget revision

    $18.1 billion Inflation Relief Package was announced ahead of Friday's May Revise for 2022-2023 state budget






    SACRAMENTO, Calif. —
    Gov. Gavin Newsom on Thursday announced a proposed $18.1 billion spending package to help Californians with rising inflation.

    The “centerpiece” of the proposal is $11.5 billion in tax refunds. This includes sending $400 checks to every eligible registered vehicle owner, capped at two checks per person.

    "This inflation relief package will help offset the higher costs that Californians are facing right now and provide support to those still recovering from the pandemic," said Newsom.

    Newsom also announced the expectation of the state's minimum wage to increase to $15.50 per hour for large and small companies by Jan. 1, 2023. This "accelerated increase" is due to a 2016 law, which is triggered when inflation exceeds 7%. The Department of Finance announced they are expecting the inflation rate to increase to 7.6% from the fiscal year 2020-21 to the fiscal year 2021-22. However, those numbers are finalized in July.


    The spending plan also includes, according to the release:


    • $2.7 billion for emergency rental assistance
    • $1.4 billion to pay past-due utility bills for Californians
    • $933 million for hospital and nursing home staff
    • $750 million for incentive grants for free public transit for three months
    • $304 million to extend health insurance for middle-class families
    • $439 million to pause the diesel sales tax
    • $157 million to waive child care fees for low-income families


    https://www.kcra.com/article/gov-new...ision/39983744















    "Empires do not suffer emptiness of purpose at the time of their creation. It is when they have become established that aims are lost and replaced by vague ritual" - DUNE Messiah by Frank Herbert

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    stjames1_53 (05-13-2022)

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    Peter1469's Avatar Advisor
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    lol
    ΜOΛΩΝ ΛΑΒΕ


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    stjames1_53 (05-13-2022)

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    Honestly? He should consider giving the people the booze pictured in the OP, I think this would provide as much, or more relief. Of course, I could be mistaken.

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    RMNIXON (05-13-2022)

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    Quote Originally Posted by Peter1469 View Post
    lol
    Lets pour some gasoline on that fire:


    "Empires do not suffer emptiness of purpose at the time of their creation. It is when they have become established that aims are lost and replaced by vague ritual" - DUNE Messiah by Frank Herbert

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    Quote Originally Posted by jigglepete View Post
    Honestly? He should consider giving the people the booze pictured in the OP, I think this would provide as much, or more relief. Of course, I could be mistaken.
    The very expensive Wine is reserved for the Governor and select friends....................
    "Empires do not suffer emptiness of purpose at the time of their creation. It is when they have become established that aims are lost and replaced by vague ritual" - DUNE Messiah by Frank Herbert

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    The Democrat way, don't actually fix anything, just keep throwing more money at it.
    DONALD J. TRUMP......THE BEST PRESIDENT WE EVER HAD!


    "LET'S GO BRANDON!"

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