3/19/2023 0 Comments Bridge baron black friday![]() ![]() Democrats also hijacked a Republican gas tax suspension bill and inserted hostile amendments that would instead impose a windfall tax on oil producers. You may remember Newsom initially wanted to link relief payments to car ownership and to halt a planned gas tax increase, both of which Democratic legislative leaders thwarted. GASSED: Soaring gas prices remain at the heart of inflation. Gavin Newsom speaks at the Clinton Global Initiative, Tuesday, Sept. Will they credit Newsom and the Legislature for lightening the fiscal load? About ten million debit cards will come in envelopes marked “Important information about your Middle Class Tax Refund,” although some won’t land until after the election.Ĭalifornia Gov. Dissatisfied voters tend to punish the party in power, which in this case is Democrats. Los Angeles began sending them to its 5.6 million voters yesterday, and county registrars have until Monday to finish doing the same. So it’s notable that payments will arrive around the same time as ballots. The upcoming midterm election could hinge on those struggles, the primacy of economic concerns and on underlying pessimism about the state’s longer-term outlook. In September, that figure had ticked up to 65 percent. In March, 61 percent of voters told the Public Policy Institute of California that price increases were imposing economic hardship. One constant throughout: Californians are feeling the strain as inflation persists. In veto after veto last month, Newsom knocked back legislators by warning “lower-than-expected revenues” require remaining “disciplined when it comes to spending.” May celebrations about a record $97.5 billion revenue windfall - a vindication for champions of California’s progressive tax system - have given way to a drumbeat of notices that tax collection is falling short of forecasts. “I don’t think it could have come at a better time as it relates to rising gas prices,” Newsom said during a press conference in San Francisco.Ĭalifornia’s fiscal forecast has darkened since the start of the year. ![]() Newsom repeatedly and publicly touted the rebate yesterday. Individuals can get as much as $350 and families with dependents will receive a maximum of $1,050. A wave of debit cards will follow for people who haven’t gotten tax refunds via direct deposit. Gavin Newsom vowed “immediate action” on channeling some of an unprecedented surplus back to Californians, the first of 18 million payments are set to start hitting bank accounts today. THE BUZZ: It’s not quite an October surprise, but California taxpayers may have forgotten about imminently arriving financial relief. Presented by YES on 26, NO on 27 - Coalition for Safe, Responsible Gaming ![]()
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