California Gov. Newsom Signs $100 Billion ‘Comeback Plan,’ Including More Stimulus Checks

The Epoch Times

California Gov. Gavin Newsom has signed a $100 billion “Comeback Plan” budget package that includes tax relief and stimulus checks to help state residents recover from the COVID-19 pandemic.

The package, SB 139, will provide financial assistance to Californians who need it the most, calling it the largest recovery plan in the nation, the Democrat told reporters on July 13.

“Harnessing the largest surplus in state history, we’re making transformative investments across the board that will help bring all our communities roaring back from the pandemic and pay dividends for generations to come,” Newsom said at the Barrio Action Youth & Family Center in El Sereno.

It provides immediate cash relief to middle-class families and businesses hit hardest by the pandemic, creating the biggest state tax rebate in U.S. history and the largest small-business relief package in the nation, Newsom’s office said in a statement.

Specifically, the package would send funds to small businesses and renters, and to Californians who have an annual income of $75,000 or less.

It also invests roughly $12 billion over two years to tackle the state’s homelessness crisis, Newsom’s office said. In addition, nearly two-thirds of Californians will now qualify for a stimulus check of $600; qualified families with children will receive an additional $500.

The administration noted that the state offers the largest renter assistance package in the country, with $5.2 billion set aside to assist low-income renters and landlords, covering 100 percent of back rent and all prospective rent for “several months into the future.” A further $2 billion is available for past-due water and utility bills and funds for tenant legal assistance.

The package also provides $4 billion in direct grants to the state’s small businesses, on top of the $6.2 billion in tax relief aimed to help small business owners. A $120 million tax credit grant program will also be created to incentivize businesses to relocate to California, Newsom’s office said.

BY ISABEL VAN BRUGEN

Read Full Article on TheEpochTimes.com

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

Columns

Trans-wormal

No worm ever said "I am anthropomorphizing, I am a butterfly" to a toad or flock of geese and expected acknowledgement and support.

In Greenland’s Icy Capital, Past Troubles Haunt Hopes for the Future

As geopolitical realities and ongoing economic growth raise the stakes, U.S. interest in Greenland and the dream of independence may change things in a big way.

How a Chinese Government Statistician Was Forced to Report Fake Data

Chinese local govt employee produced a non-authorized report on bees and was visited by police and threatened with being sent to a mental hospital.

‘This One Time, at Groomer Camp’

All Camp Brave Trails programs focus on helping LGBTQ+ youth find what they need most to thrive: their people, their place, and their passion.

Why Recognizing a Palestinian State Now Undermines U.S. Interests 

A recent American Conservative article suggests President Trump recognize a Palestinian state, but this would undermine the interests of the United States.

News

Tax Deductions You Can Take Without Itemizing

It’s not always beneficial to itemize. With IRS’s current standard deduction for 2025 most Americans who can’t itemize go with standard deduction.

Guatemalan Deportee Arrives in US After Judge Orders Trump Admin to Facilitate Return

“America’s asylum system was never intended to be used as a de facto amnesty program or a catch-all, get-out-of-deportation-free card,” McLaughlin said.

Trump-Musk Feud Escalates Over Spending Bill: 5 Things to Know

A public feud between Musk and Trump took a turn for the worse. Musk claimed president wouldn’t have won without him and president suggested Musk’s subsidies could be pulled.

Supreme Court Rules 9-0 Wisconsin Violated First Amendment by Denying Tax Exemption to Catholic Charity

Supreme Court ruled unanimously that WI violated the First Amendment by not granting Catholic charity an exemption from paying unemployment tax.

Appeals Court Rules San Diego’s Yoga Ban Is Unconstitutional

The city of San Diego’s ban on yoga classes in public parks and beaches was ruled unconstitutional by a federal appeals court.

Supreme Court Rejects Mexico’s Lawsuit Against Gun Companies

SCOTUS said gun companies should not face lawsuit in which Mexican govt was trying to hold them liable for cartel-related violence involving firearms from US.

FDA Not Recommending Newly Approved COVID-19 Vaccine: Official

FDA approved a new COVID-19 vaccine but is not recommending people receive it, the agency’s top vaccine officials said on June 4.

Self-Sufficiency Summits in Ohio Reflect Surging Interest in Homesteading

After an age of reliance on store-bought items, many Americans are returning to a self-sufficient lifestyle and growing and raising the food they consume.
spot_img

Related Articles