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California Plows Ahead With Providing Free Money To Mitigate Inflation

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Kamaji:
California Plows Ahead With Providing Free Money To Mitigate Inflation

The 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.


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https://twitter.com/NancySkinnerCA/status/1569743965452206081

The 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/

DB:
If you live there and work, you are paying for this.

GtHawk:

--- Quote from: DB on September 16, 2022, 01:47:43 pm ---If you live there and work, you are paying for this.

--- End quote ---
Don't be silly, not just Californians paying for it but every taxpayer! You can bet your sweet bippy that a lot of the money for this is pork that Nancy made sure was sent to California to buy votes.

Hoodat:
Nothing like even more dollars chasing fewer goods as a way to stop inflation.

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