California Plows Ahead With Providing Free Money To Mitigate InflationThe state's $9.5 billion Better for Families program will provide checks of up to $1,050 to state residents to stem the rising costs of living.
CHRISTIAN BRITSCHGI
9.14.2022
California's state government is plowing ahead with its plan of sending free money to people to mitigate the pain of inflation.
On Tuesday, state Sen. Nancy Skinner (D–Berkeley) tweeted a reminder that in October, California residents who filed a tax return in 2020 should start seeing checks appear in their mailboxes courtesy of the Better for Families tax refund program.
https://twitter.com/NancySkinnerCA/status/1569743965452206081The rough sketches of the program were announced in late June as part of the budget deal reached between Gov. Gavin Newsom, a Democrat, and state legislative leaders.
The $9.5 billion program will provide checks of up to $1,050 depending on one's income, filing status, and number of dependents. Single-filers earning more than $250,000 (or joint filers earning more than $500,000) aren't eligible for the checks.
Much like the Inflation Reduction Act passed by the U.S. Congress last month, these tax refunds will likely exacerbate the problem they're trying to mitigate.
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Source:
https://reason.com/2022/09/14/california-plows-ahead-with-providing-free-money-to-mitigate-inflation/