Gov. Newsom’s plan to offset high gas prices

June 25, 2022

Gov. Gavin Newsom

By JOSH FRIEDMAN

California Gov. Gavin Newsom and legislative leaders have tentatively reached a deal that calls for giving state residents hundreds of dollars in rebates in an attempt to help offset high gas prices. [ABC 7]

The agreement would return a portion of California’s record-setting $97 billion budget surplus to taxpayers under various income thresholds. Under the current agreement, single taxpayers would need to make less than $250,000 a year to qualify for a rebate, and couples would need to make a combined total of less than $500,000 a year to qualify.

Single residents who make less than $75,000 per year and couples who combined make less than $150,000 per year would receive $350 per taxpayer, as well as an extra $350 for each dependent. That means a married couple with one child, who earn a combined total of less than $150,000 per year, would receive a $1,050 rebate.

Single Californians who make between $75,000 and $125,000 per year and couples who make between $150,000 and $250,000 per year would receive $250 per taxpayer, plus another $250 for each dependent. Single Californians who make between $125,000 and $250,000 per year and couples who make between $250,000 and $500,000 per year would get $200 per taxpayer, plus $200 for each dependent.

The deal has yet to be finalized, and the numbers could change. But, a tentative agreement between Gov. Newsom and the Legislature has been reached, Assemblyman Miguel Santiago (D-Los Angeles) announced on Friday.

“As prices increase on everything from gas to baby formula, this rebate will help the vast majority of California taxpayers, including undocumented Californians, with hundreds of dollars in direct cash assistance, providing critical relief during tough times,” Santiago said in a statement.

Republicans have called for a temporary suspension of the state’s 51.1-cent-per-gallon gas tax. California’s gas tax is the second highest in the United States, and it is scheduled to increase to 53.9 cents per gallon next week.

Newsom and California Democrats have refused to suspend the gas tax.


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retiredpoliceofficer

97 billion dollar surplus…baloney. That is money stolen from taxpayers in the form of gas tax, income tax, vehicle registration and fees on EVERYTHING. That money should be returned to taxpayers. All of it! How much does this gas rebate add up to? Recall Newsom, again!


Jorge Estrada

I certainly have respects for rank, our leadership, etc. but I have great difficulty with Newsom, I just don’t trust him. He talks about a budget surplus, yet there is so much out our current infrastructure needing upgrades or repairs due to deferred maintenance. Liar, liar, liar.


NorthSide

So he’s trying to reduce high gas prices by giving people money to purchase more gas? Let’s see….supply remains the same and demand goes up. Sounds like it’s an inflationary policy. I always knew he was the smartest guy in the room…..lol


nunsense

Look who’s running for president. Bless his heart.


derasmus

He’s taking ads out in Florida, next it’ll be Iowa


copperhead

Maybe prior to more money giveaways they should ask themselves why inflation is so high and if having even more money chasing scarce goods will help or add to the problem.


whoowhoo

Wealth redistribution


mazin

Or poverty redistribution. Newsome’s idea is a patronizing insult from an overpaid, overbenefited, overpensioned thick scab of elite gov’t parasites.


sbjcl

Just another vote buying gimmick. Want to help people who actually buy gas. How about suspending all DMV registration fees for all vehicles except EVs.