Ready for the next round of STIMMY checks?
At least if you live in the Socialist State of California.
And the Federal Government is probably not far behind.
I used to ask “how dumb are these people” for printing more money during runaway inflation, but they’re not dumb. They know exactly what they’re doing. They get to send people magical, printed money all the while knowing it is actually hurting the middle and lower class the most of all by killing the value of each dollar.
Details here on what’s coming (of course we turn to MeetKevin, the guru on all things Stimmy):
INSANE! California is sending $600 stimulus checks to couples with a kid making $500,000 — what world are we in?!!!?
— Meet Kevin (@realMeetKevin) June 27, 2022
Oh and of course they come with no strings:
NEW STIMMY CHECKS!!!
Not mental health
No folks, California is sending MORE STIMULUS CHECKS during the highest inflation in 40 years. After all, why invest into schools or our society when you can help people with STIMMY CHECKS! https://t.co/mpqGN2IfSp
— Meet Kevin (@realMeetKevin) June 27, 2022
Here’s how much:
BREAKING: California has finalized their stimulus package
• $200M to defend abortion rights
• Up to $1,050 stimulus payments to 23M Californians by later October 2022
• Funding to help pay for rent and utility bills
• Funding for homeownership programs
— Duke Alexander Moore, CTC, EA (@dukelovestaxes) June 27, 2022
From CBS News:
About 23 million California residents will soon receive “inflation relief” checks of up to $1,050 under a budget deal reached by Governor Gavin Newsom and state lawmakers on Sunday.
The checks are part of a $17 billion relief package that will also suspend the state’s sales tax on diesel fuel and provide additional aid to help people with rent and utility bills, Newsom and Senate President Pro Tempore Toni G. Atkins and Assembly Speaker Anthony Rendon said in a statement.
The agreement comes as California drivers face the highest gasoline prices in the U.S., with the average price for a gallon of gas in the state at $6.32 on Monday — or about 29% higher than the national average. Earlier this year, Newsom had proposed sending stimulus checks of $400 per vehicle to state residents, with a cap of two vehicles. But other lawmakers had pushed for a plan that would provide bigger checks to people who earn less.
The relief checks are designed to help residents cope with “global inflation and rising prices of everything from gas to groceries,” the lawmakers said in the statement. Here’s how California’s plan will work.
Where is the money coming from?
The checks are designed as tax refunds, and stem from the state’s record-setting $97 billion budget surplus.
Who will qualify for an inflation-relief check?
The payments are similar to the stimulus checks sent by the federal government in that they are based on income, tax-filing status and household size.
Lower- and middle-income Californians stand to receive the biggest checks.
Single taxpayers who earn less than $75,000 a year and couples who file jointly and make less than $150,000 a year will receive $350 per taxpayer.
Taxpayers with dependents will receive an extra $350.
In other words, a couple that earns a combined $125,000 and has two children would qualify for $350 per adult plus $350 for their children, for a total of $1,050.
Think that’s bad?
Don’t forget Ukraine is on round FOUR of stimulus from the United States (YOUR tax dollars):
Biden approves 4th round of stimulus checks for Ukraine. pic.twitter.com/3wTaokYEHd
— MSDNC (@MSDNCNews) June 24, 2022
Tallying in the BILLIONS with a “B”.
And from CNBC:
Democratic California Gov. Gavin Newsom and Democratic legislative leaders agreed on a $17 billion relief package that includes $9.5 billion in inflation relief funds. Those estimated 23 million California taxpayers will receive between $200 and $1,050 by early next year.
“Millions of Californians will be receiving up to $1,050 as part of a NEW middle class tax rebate,” Newsom tweeted on Sunday.
“That’s more money in your pocket to help you fill your gas tank and put food on the table,” he wrote.
Who may qualify for ‘inflation relief’ checks
Those with up to $75,000 in income, or $150,000 if married and filing jointly, will receive up to $350 per tax filer, plus $350 if they have one or more dependent. Thus, joint filers with at least one dependent stand to receive the highest possible sum of $1,050.
California filers with incomes above that first tier, but less than $125,000 in income if single or $250,000 if married and filing jointly, may receive $250 per filer, plus another $250 if they have at least one dependent.
Those with incomes above that second tier but below another set of thresholds — individuals with less than $250,000 in income, or $500,000 if filing jointly — may receive $200 per filer, plus another $200 if they have any dependents.