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Gov. Newsom’s $100 Billion California Comeback Plan Includes Largest State Rebate Tax Ever

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variety.com

Jordan Moreau California Gov. Gavin Newsom announced his $100 billion California Comeback Plan, which is aimed at helping the state bounce back from the economic impact stemming from the coronavirus pandemic.Released on Monday, the outlined plan includes the largest state rebate tax in U.S.

history at nearly $12 billion.The California Comeback Plan majorly expands the Golden State Stimulus checks, making two-thirds of Californians eligible to receive direct payments of $600.

Middle-class families that make up to $75,000 will be eligible under the new plan, and qualifying families with dependents, including undocumented families, will be eligible to receive an additional $500.“California’s recovery is well underway, but we can’t be.

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