$600 Stimulus Checks Coming to California Residents Under Gov. Newsom’s New Plan
California Governor Gavin Newsom announced his plans to expand direct relief payments that will deliver the second round of $600 stimulus checks.
The second round of stimulus checks is intended for middle-class residents, in addition to low-income families, Daily News reported.
Gavin Newsom made the announcement in a press conference on Monday. The said plan is an effort of the California government to speed up the state's recovery from the COVID-19 pandemic.
Daily News noted that those who received the first wave of stimulus checks would not be eligible for the second wave.
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Also called the "California Comeback Plan," KCRW reported that two-thirds of Californians would benefit from the said plan. Newsom said that "shy 80 percent" of Californians would be affected and get a "direct relief payment, Insider noted.
"We're announcing a $12 billion tax rebate to the people of the state of California earning up to $75,000," said Newsom in the news conference.
The $12 billion tax rebate is part of the $100 billion comeback plan, which stemmed out from the $75.7 billion operating budget surplus and $26 billion from the federal government.
Because of this, Newsom intends to give $600 to the taxpayers earning up to $75,000. An additional $500 will be given to the families who have dependent children in their household. Daily News pointed out that undocumented families in the state will also benefit from the plan.
"It's a remarkable turnaround... I made a point at the State of the State that a number of months ago: California's not coming back. California is going to come roaring back," Newsom noted.
Other Proposals
Apart from the stimulus checks, Newsom has also proposed $5.2 billion from the new plan intended for the rental assistance to get 100 percent of back rent paid for Californians.
The governor furthered that $2 billion will also be allotted to help the state's residents in paying overdue water, gas, and electricity bills.
Gavin Newsom noted that the budget he proposed is a basis that California is already experiencing recovery. The governor highlighted that the reason behind the recovery is the successful application of strategies in addressing the coronavirus pandemic.
Cal Matters reported that Newsom's office is promoting the new plan as the "biggest state-tax rebate" in the United States history. If approved by the legislature, the plan would triple the size of the "Golden State Stimulus Package" that the governor has signed into law in February.
The said plan included a one-time payment of $600 to an estimated 5.7 million Americans who received the income tax credit of the state. The golden state stimulus package also gave an extra $600 to low-income undocumented income taxpayers.
Newsom's office and the legislature have until June 15 to pass the new state budget that will give stimulus checks to California's middle-class and low-income families. The proposed payments would reportedly be distributed sometime this summer.
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