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Home›Finance›Newsom, California lawmakers unveil new stimulus package

Newsom, California lawmakers unveil new stimulus package

By Anne Davis
March 11, 2021
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Americans are still waiting for the $1,400 check from the federal government to fulfill the $2,000 promise. In the meantime, some Californians will receive additional help from the state government. Governor Gavin Newsom announced a $9.6 billion stimulus package for state residents and undocumented immigrants.

Low-income Californians will be eligible for a $600 stimulus check from the state government.

NEW: 5.7 million Californians will receive $600 stimulus checks from the state of California.

— Gavin Newsom (@GavinNewsom) February 18, 2021

Governor Newsom and California lawmakers have agreed to a $9.6 billion relief package for the Golden State. The relief program provides much-needed relief to businesses, individuals and students. Relief will come to Californians in different ways.

According to a statement, the package delivers on a promise to help low-income Californians, increase assistance for small businesses and waive license renewal fees for businesses impacted by the pandemic. In addition, the package “provides tax relief to businesses, commits additional resources for essential childcare, and funds emergency financial assistance for community college students.”

The relief program aims to help those hardest hit by the pandemic.

Our immediate action agreement prioritizes those hardest hit by #COVID-19[FEMININE[FEMININE.

Our Golden State Stimulus will provide $600 in direct relief payments to low-income Californians, as well as those unfairly excluded from previous federal stimulus payments.https://t.co/EOTWg7JcnT

— Office of the Governor of California (@CAgovernor) February 18, 2021

“As we continue to fight the pandemic and recover, I am grateful for the Legislature’s partnership in providing emergency relief and support to California families and small businesses where they are needed most.” , Governor Newsom said. in a report. “From childcare, help for small business owners, direct cash support to individuals, financial aid for community college students and more, these actions are essential for millions of Californians who embody the resilience of the Californian spirit.”

The package will quadruple aid to restaurants and small businesses in California. Small businesses and restaurants will be eligible for $25,000 in grants from a $2 billion fund.

Undocumented Californians will also get a boost from the state government.

$9.5 billion in economic relief will flow to Californians:

– $600 stimulus checks

– $2 billion in grants for small businesses

– $100 million in emergency student aid

And more. ⬇️https://t.co/yRN1F8R78t

— Gavin Newsom (@GavinNewsom) February 18, 2021

Low-income Californians will get a one-time $600 payment while undocumented people will get a $600 boost. The money will be sent to undocumented taxpayers in California.

According to the California Budget & Policy Center, undocumented people in California pay $3 billion a year in local and state taxes. Despite paying taxes, the undocumented community has not been ineligible for federal government relief payments. These payments will provide much needed relief to a neglected community throughout the pandemic.

“We are nearly a year into this pandemic, and millions of Californians continue to feel the impact on their wallets and bottom lines. Businesses are in trouble. People are struggling to make ends meet. This agreement builds on Governor Newsom’s proposal and in many ways improves on it so that we can provide the kind of immediate emergency relief that families and small businesses desperately need right now.” said pro Tempore Senate Speaker Toni G. Atkins. in a report. “People are hungry and suffering, and businesses that our communities have loved for decades are at risk of closing. We are at a critical time and I am proud that we were able to come together to bring Californians the relief they needed. »

Find out more about the emergency package in click here.

READ: Student loan debt relief is all the rage, but what can we expect from an incoming Biden administration?

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