Governor proposes tax rebate as virus relief
SACRAMENTO, Calif. (AP) — Millions of poor and middle-class Californians would get tax rebates of up to $1,100 under a proposal unveiled Monday by Democratic Gov. Gavin Newsom, as part of a broader pandemic recovery plan made possible by an eye-popping $75 billion budget surplus.
Taxpayers making between $30,000 and $75,000 a year would get a $600 payment. Households making up to $75,000 with at least one child, including immigrants in the country illegally who file taxes, would get an extra $500 payment.
“We believe people are better suited than we are to make determinations for themselves on how best to use these dollars," Newsom said during an event in Oakland to announce the plan.
The massive budget surplus is largely due to taxes paid by rich Californians who generally did well during the pandemic, and marks a major turnaround after officials last year said they feared a deficit of more than $50 billion.
https://www.msn.com/en-us/news/politics/california-s-governor-rebates-of-up-to-1-100-per-household/ar-BB1gzOlf
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