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California state leaders have reached a budget agreement to send inflation relief payments to 23 million Americans, amid soaring inflation and rising gas prices.
“The centerpiece of the agreement, a $17 billion inflation relief package, will offer tax refunds to millions of working Californians. Twenty-three million Californians will benefit from direct payments of up to $1,050,” according to a joint statement from Gov. Gavin Newsom, Senate President pro Tempore Toni G. Atkins and Assembly Speaker Anthony Rendon.
Who can get “inflation relief” payments?
Taxpayers will receive either $350, $250 or $200 based on their income level with an additional payment of the same amount if they have at least one dependent.
- Single filers who make less than $75,000 would get $350.
- Joint filers with an income under $150,000 would receive $700. If they have at least one dependent, they will receive an additional $350
NEW: Millions of Californians will be receiving up to $1,050 as part of a NEW middle class tax rebate.
That’s more money in your pocket to help you fill your gas tank and put food on the table.
— Gavin Newsom (@GavinNewsom) June 27, 2022
What else is in the budget?
Gas Tax
The package will also include a suspension of the state sales tax on diesel, and additional funds to help people pay their rent and utility bills.
Climate Change
Funds will go toward securing additional power-generating capacity for the summer, accelerating clean energy in the future, and expanding the ability to prepare for and respond to severe wildfires.
Health Care & Education
California would be the first state to offer healthcare to every resident, regardless of immigration status, as part of a $47 billion multi-year infrastructure and transportation package for education and health care.
More than $200 million will go towards reproductive care services.
Billions of dollars will go toward additional funding for universal preschool, children’s mental health and free school meals.
“In the face of growing economic uncertainty, this budget invests in California’s values while further filling the state’s budget reserves and building in triggers for future state spending to ensure budget stability for years to come,” according to a joint statement from Gov. Gavin Newsom, Senate President pro Tempore Toni G. Atkins and Assembly Speaker Anthony Rendon.
We have an agreement with the legislature on California’s budget!
This budget takes immediate actions to give $$ back to millions who are grappling with global inflation and rising costs while tackling some of the greatest challenges of our time.
Here's what you need to know:
— California Governor (@CAgovernor) June 27, 2022
