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.

The Looming Threat To Our Homeland

After success of “Operation Midnight Hammer,” where U.S. military bombed Iranian nuclear facilities, the threat to America has never been greater.

Groundhog Day came late this year to the Land of Smiles.

it’s the same rigmarole, on whatever pretext, the army commandeers the Thai state with vague promises to restore democracy at some unspecified future date.

Resource number one

Russia has an unsustainable birthrate worsened by mortality rate of Russian males through war and alcoholism. One solution, steal young children from other countries. 

Expansionist CCP Runs Amok in Pacific After U.S. Relocates Naval Assets to Mid-East

Caveat established, China’s been going bananas on the high seas as the eyes of the world, and U.S. military assets, hone in on Iran.

The Anti-Trump Protests – Why Are They So Important?

The anti-Trump stance is not a political position, but a desperate gesture, a mental diagnosis of those who refuse to accept the reality of the World today.

US Manufacturing Output, Hiring Rise to Multi-Month Highs

U.S. manufacturing activity climbed in June, fueled by strong domestic demand and tariff-driven stockpiling, according to report from S&P Global.

Largest US Power Grid Issues Emergency Energy Alerts

The alerts follow a report released last month that predicted that parts of the country would face difficulties meeting electricity demand during the summer.

Activists Hopeful as CDC Advisers Vote on Thimerosal Removal

Advisers to the CDC are to vote on whether to recommend the CDC act to remove thimerosal from influenza vaccines, raising hopes for advocates wanting to eliminating preservative.

Pakistan Nominates Trump for Nobel Peace Prize

Pakistan nominated Trump for Nobel Peace Prize, calling him a “genuine peacemaker” for helping avert a major confrontation between India and Pakistan.

No Changes Planned for FDA’s Vaccine Advisory Committee ‘At This Time’: Spokesperson

There are no plans to remove any members of the panel that advises the FDA on vaccines, a spokesperson said on June 20.

Trump Says Trade Deals Expected With India and Pakistan

President Trump expects US will sign trade deals with India and Pakistan, signaling growing momentum in push to reshape global trade through tariff diplomacy.

Trump Says US Intelligence Community’s Assessment of Iran’s Nuclear Program ‘Was Wrong’

President Trump said his director of national intelligence’s assessment in March that Iran had yet to decide on building a nuclear weapon was wrong.

NIH Ends Gain-of-Function Research, Implementing Trump’s Executive Order

The NIH announced the end of gain-of-function research. The institute’s update said the move is in compliance with President Trump’s EO on the topic. 
spot_img

Related Articles