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Tuesday, August 9, 2022

$1,050 Stimulus Check For Eligible Californians

Over 23 million residents of California, which has the highest average gas prices in the US, might soon get “inflation relief” Stimulus Checks to aid with growing costs, according to state lawmakers.

Thanks to a $17 billion Stimulus Check relief package that Governor Gavin Newsom (D) unveiled on Sunday, tens of millions of Californians will get tax returns in the upcoming months. Legislators claim that the plan, which is a part of the state’s budget for 2022–2023, would also suspend the sales tax in California on diesel fuel and give more aid to individuals who need help with their utility and rent costs.

Stimulus Check For Eligible California Residents

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The Stimulus Checks, which are planned to arrive in the fall, will be funded by the state’s excess budget of $97 billion. Despite Newsom’s assertion that the relief checks will “help you fill your gas tank,” it is unclear how the state’s high inflation will be affected by them. Several state experts have expressed concern that rising fuel prices could be a consequence of the inflation relief checks, despite the Newsom administration’s denial of this claim.

California has by far the highest average price in the country for a gallon of regular gasoline. As of Tuesday, the average gas price in the state was $6.30 per gallon, which is 29 percent more expensive than the $4.88 national average, according to AAA. 12 states and the District of Columbia have an average gas price of $5 or more. Although the most significant sanction—the European Union’s embargo on Russian oil imports—will not go into effect until the end of this year, Western sanctions on Russia over its invasion of Ukraine have had a significant impact on the world’s energy markets.

Gavin Newsom, the governor of California, proposed a plan to give residents $400 Stimulus Checks per car, but lawmakers rejected it because they wanted a bigger payout for low-income individuals.

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