How much will California’s New inflation relief checks be?
Gov. Gavin Newsom, a Democrat, approved a state budget that includes inflation relief checks as high as $1,050 for a married couple with at least one dependent. The payments-which are coming out of California’s $97 billion budget surplus-will be sent either as direct deposits or debit cards by 2023.
Do stimulus checks cause inflation?
The programs come after three rounds of stimulus checks from Washington D.C. in recent years. The most recent checks, for $1,400, were included in the American Rescue Plan that President Biden signed in March 2021. That bill — and those checks in particular — have been criticized for some as likely contributing to inflation.
How will inflation affect the king dollar?
FreedomWorks chief economist Steve Moore provides insight on inflation declining, boosting the value of King Dollar and future economic concerns on ‘Kudlow.’ As high inflation saddles Americans with an extra financial burden, some states are helping out with one-time stimulus rebates to offset the pain of higher prices.