Will California’s $17 Billion Relief Package Reduce Inflation?

In Analysis by Michael Rae

As the California Globe reports, Gov. Newsom and state legislators have approved a $17 billion inflation relief package that will pay $350 each to joint filers making up to $150,000. Those who make up to $125,000 a year, or joint filers making up to $250,000, will get $250 each. Those who make up to $250,000 a year, or $500,000 filing jointly, get $200 each. With additions for dependents, “Californians could see as much $1,050, $750, or $600 coming in per household depending on tier level.”
According to legislators, the budget deal “addresses the state’s most pressing needs, and prioritizes getting dollars

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