Tuesday, September 27, 2022

California lawmakers announce placeholder budget agreement

Sacramento, Calif. ( Associated Press) — California legislative leaders said Wednesday they want to return nearly $10 billion of the state’s record-setting budget to taxpayers, with Governor Gavin Newsom for a month of intense talks to help a weary. on the way. People are suffering due to rising inflation

State Senate and Assembly leaders announced an operating budget of more than $300 billion. This includes $8 billion in exemptions for most taxpayers, $1.3 billion in aid for small businesses and nonprofits, and $400 million to expand aid to low-income Californians.

But the agreement doesn’t include Democratic Governor Gavin Newsom, who has the right not to like anything. Legislative leaders are pushing ahead anyway because a state law says lawmakers don’t get paid if they don’t pass the budget by June 15. He pledged to continue talks with Newsom to reach an agreement by July 1. State’s fiscal year.

That means the proposal announced on Wednesday is higher than the lawmakers’ budget placeholder budget because it likely won’t be the final version that becomes law. Nevertheless, the legislature’s plans focus on their priorities and how they contrast with the Newsom administration.

The biggest difference is how to help taxpayers keep up with rising gas prices, which hit an all-time high of $6.19 per gallon on Wednesday., The legislature wants to send $200 checks to taxpayers and their dependents with income of $125,000 per year for singles and $250,000 per year for couples. A family of five who meet the income requirements will get $1,000.

Newsom’s plan would send checks up to $800 to people who have a car – $400 per vehicle and a limit of two cars per person. For those who don’t have a car, Newsom wants to spend $750 million to pay for a free ride on public transportation for three months.

Lawmakers don’t like Newsom’s plan because they say it will only benefit car owners who can’t afford a vehicle. Newsom doesn’t like the legislature’s plan because it’s less money and says it will take too long to send the check. Both sides have said they are confident they will reach an agreement.

“I want to be on the high end. They have a different number,” Newsom said during his budget presentation last month. “We’ll come down and get together.”

For business owners, lawmakers want to give them $870 million to offset their rising unemployment insurance taxes. They want to give small-business owners and nonprofit organizations $250 million to cover the costs of a new law that would require employers to give workers up to two weeks of paid sick leave.

“With this budget, we are spreading our state’s wealth to hardworking Californians and small businesses like never before,” said Senate President Pro Tempore Tony Atkins. “We look forward to continuing conversations with Governor Newsom and his office.”

One of the biggest mysteries of the proposal is how lawmakers will spend $21 billion to tackle climate change. The plan is committed to spending that amount, but says the details are “under negotiation.”

The Legislature’s plan has some major policy disagreements with the Newsom administration, but there are many differences of opinion over the details. Newsom has proposed spending $40 million for abortions for women who can’t afford them. Lawmakers want to spend $20 million to pay for things like travel, housing and child care for women in other states who would need to come to California to have an abortion if the US Supreme Court overturns federal abortion protections.

“The Senate and the Assembly did not begin by asking, ‘What do we need?’ We started by asking ourselves, ‘What beliefs do we cherish?'” Speaker of the Assembly Anthony Rendon said. “We share a firm belief that our state is strongest when it cares for the most vulnerable among us. “

Nation World News Desk
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