Nothing like $100 billion at your disposal to help out with a pesky little recall election.
California Governor Gavin Newsom had a big smile on his face Monday, as he announced details of the “California Comeback plan.”
Or, as some of his critics might label it; “The 2021 California free cash handouts to make people forget I’m being recalled plan.”
Instead of addressing the out of control homeless problem or proposing a strategy to stem the tide of businesses and high net worth residents leaving the state, Newsom’s plan is to hand out tax rebate checks of up to $1,100 to millions of poor and middle-class Californian’s.
More specifically, all households making up to $75,000 with at least one child, including immigrants in the country illegally who file taxes, would get an extra $500 payment. Individuals and households making between $30,000 and $75,000 a year would get a $600 payment.
Here’s Newsom’s take on his grand new welfare program. “Direct stimulus checks going into people’s pockets — that direct relief, that’s meaningful.”
Here’s what John Cox, one of his opponents in the recall election this fall thinks about the move. “Gavin Newsom is making one-time payments to Californians to avoid being recalled — and only because the law requires him to. But, Californians can’t be bought.”
Are you sure about that John? It actually seems like a pretty slick move to get people distracted from dinners at French Laundry and some of Newsom’s other high-profile gaffes.
The state of California has a huge budget surplus. Ironically, a primary reason is because of rich people and successful businesses in the state, and thanks to all the taxes they currently pay.
The free cash handouts will amount to about $8 billion.
Newsom promised details all week on the $100 billion plan to what he hopes will rev up the state’s economy.
And if many Californian’s prayers are answered, maybe he’ll address the homeless crisis that is destroying neighborhoods and cities too.