Current Events > Californians to get new $600 stimulus

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ZannoL
07/04/21 9:05:21 PM
#1:


https://www.sfchronicle.com/politics/article/New-round-of-California-stimulus-checks-approved-16288273.php

A second round of one-time Golden State Stimulus checks could soon be on the way for many Californians.

On Monday, state lawmakers approved Gov. Gavin Newsoms plan to send $600 stimulus checks to low- and middle-income Californians as the state begins to recover from the coronavirus pandemic.

The governor proposed the second round of checks in his $262.6 billion state budget in May. The budget passed Monday by lawmakers reflects a partial deal on most major issues, including $8 billion for the new stimulus checks.


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Xethuminra
07/04/21 9:06:06 PM
#2:



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Flauros
07/04/21 9:06:10 PM
#3:


This should really help out the homeless population get some food and new clothing.

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MixedRaceBaby
07/04/21 9:06:22 PM
#4:


we haven't gotten all of our first round yet though. i got mine, but not my wife.

but hey. free money

keep it coming!!

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dj1200
07/04/21 9:06:28 PM
#5:


Good

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Kombucha
07/04/21 9:07:34 PM
#6:


California is looking like the best state to live in as usual.

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Touch
07/04/21 9:08:14 PM
#7:


MixedRaceBaby posted...
we haven't gotten all of our first round yet though. i got mine, but not my wife.

but hey. free money

keep it coming!!
I didn't get my first round either :(

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ZannoL
07/04/21 9:10:10 PM
#8:


Kombucha posted...
California is looking like the best state to live in as usual.
Yup.

Cant imagine living anywhere else.
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Cornmuffins
07/04/21 9:11:45 PM
#9:


Kombucha posted...
California is looking like the best state to live in as usual.


It is! I don't recommend socal though
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TheVipaGTS
07/04/21 9:11:53 PM
#10:


best state doing the best things. But republicans will keep saying its the worst state (despite Californias taxes supporting many red states) lol.

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#11
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OwlRammer
07/04/21 9:12:46 PM
#12:


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ZannoL
07/04/21 9:13:02 PM
#13:


Spooking posted...
Newsom's desperate attempt to stay in power due to the recall.
The recall was primarily a vocal minority of Trumpers.

Newsom has done a fine job.
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ZannoL
07/04/21 9:13:46 PM
#14:


TheVipaGTS posted...
best state doing the best things. But republicans will keep saying its the worst state (despite Californias taxes supporting many red states) lol.
Right?
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Shezarr
07/04/21 9:13:49 PM
#15:


Spooking posted...
Newsom's desperate attempt to stay in power due to the recall.
lmao. Get a grip

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Halo478
07/04/21 9:14:00 PM
#16:


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TheVipaGTS
07/04/21 9:14:42 PM
#17:


Spooking posted...
Newsom's desperate attempt to stay in power due to the recall.
Actually most people here support him despite the Trumpers pushing for the recall. Hes handled Covid better than any other Governor.

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Returning_CEmen
07/04/21 9:14:54 PM
#18:


Based Gavin Newsome.


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Kombucha
07/04/21 9:19:21 PM
#19:


Cornmuffins posted...
It is! I don't recommend socal though

Yeah I definitely enjoyed exploring the coast in NorCal, currently living in WA though. I could see myself living in one of the small coastal towns eventually.

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Cornmuffins
07/04/21 9:20:17 PM
#20:


Shezarr posted...

lmao. Get a grip


somehow I upset that dude so bad he put me on ignore lol
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ZannoL
07/04/21 9:20:23 PM
#21:


https://www.newsweek.com/600-stimulus-checks-two-thirds-californians-expected-receive-new-direct-payments-1606677

Under the latest round of direct payments, all taxpayers in the state earning up to $75,000 per year will receive a $600 stimulus check, while families with dependents would receive an additional $500.

Undocumented immigrant families will also receive $500 paymentswith about $8.1 billion set aside in total to cover the cost of all the new stimulus checks.

State officials have estimated that two out of every three residents in California will receive a stimulus payment. With a population of about 39.5 million people, that means more than 26 million residents should see checks in the coming weeks.
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brestugo
07/04/21 9:22:03 PM
#22:


Spooking posted...
Newsom's desperate attempt to stay in power due to the recall.
He was never in danger.

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#23
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#24
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ZannoL
07/04/21 9:27:03 PM
#25:


https://www.bloomberg.com/opinion/articles/2021-06-14/california-defies-doom-with-no-1-u-s-economy

When misfortunes multiplied during the coronavirus pandemic, observers seized on a four-letter word signaling end of days for the largest state with one-eighth the U.S. population and 14% of its gross domestic product. California doom: Staggering $54 billion deficit looms, the Associated Press concluded a year ago in May. California Is Doomed, declared Business Insider two months earlier. Is California doomed to keep burning? queried the New Republic in October. California is Doomed because of rising sea levels, according to an April EcoNews Report. Bulletins of people leaving the worlds fifth-biggest economyfor lower-cost states because of high taxes and too much regulation stifling business continue unabated.

No one anticipated the latest data readout showing the Golden State has no peers among developed economies for expanding GDP, creating jobs, raising household income, manufacturing growth, investment in innovation, producing clean energy and unprecedented wealth through its stocks and bonds. All of which underlines Governor Gavin Newsoms announcement last month of the biggest state tax rebate in American history.

By adding 1.3 million people to its non-farm payrolls since April last year equal to the entire workforce of Nevada California easily surpassed also-rans Texas and New York. At the same time, California household income increased $164 billion, almost as much as Texas, Florida and Pennsylvania combined, according to data compiled by Bloomberg. No wonder Californias operating budget surplus, fueled by its surging economy and capital gains taxes, swelled to a record $75 billion.

If anything, Covid-19 accelerated Californias record productivity. Quarterly revenue per employee of the publicly traded companies based in the state climbed to an all-time high of $1.5 million in May, 63% greater than its similar milestone a decade ago, according to data compiled by Bloomberg. The rest of the U.S. was nothing special, with productivity among those members of the Russell 3000 Index, which is made up of both large and small companies, little changed during the past 10 years.

While pundits have long insisted California policies are bad for business, reality belies them. In a sign of investor demand, the weight of California companies in the benchmark S&P 500 Index increased 3 percentage points since a year ago, the most among all states, according to data compiled by Bloomberg. Faith in California credit was similarly superlative, with the weight of corporate bonds sold by companies based in the state rising the most among all states, to 12.5 percentage points from 11.7 percentage points, according to the Bloomberg Barclays U.S. Corporate Bond Index. Translation: Investors had the greatest confidence in California companies during the pandemic.

The most trusted measure of economic strength says California is the world-beater among democracies. The states gross domestic product increased 21% during the past five years, dwarfing No. 2 New York (14%) and No. 3 Texas (12%), according to data compiled by Bloomberg. The gains added $530 billion to the Golden State, 30% more than the increase for New York and Texas combined and equivalent to the entire economy of Sweden. Among the five largest economies, California outperforms the U.S., Japan and Germany with a growth rate exceeded only by China.

Enlarging its No. 1 footprint with factory jobs, California GDP from manufacturing gained 13% over the past five years to $316 billion in 2020, an increase unmatched by any of the 10 largest manufacturing states: Texas was No. 2 with 9% growth, followed by Indiana at 8%, according to data compiled by Bloomberg. For all its bluster as being best for business, Texas cant match Californias innovation. California prosperity is rooted in its appeal as a worldwide destination for technology and health-care development. Of the 6,924 corporate locations in the state, 18% are research and development facilities, a ratio that easily beats the U.S. overall (11%), China (15%), U.K. (14%) and Japan (10%). Only Germany, at 19%, has a higher rate, according to data compiled by Bloomberg. The percentage of Texas facilities for R&D is less than half Californias at 8.2%.

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DoctorPiranha3
07/04/21 9:27:14 PM
#26:


Ummm isn't cost of living in California out-fucking-rageous. Why y'all 'nians flexing over $600
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hockeybub89
07/04/21 9:28:33 PM
#27:


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TheVipaGTS
07/04/21 9:29:17 PM
#28:


DoctorPiranha3 posted...
Ummm isn't cost of living in California out-fucking-rageous. Why y'all 'nians flexing over $600
Its overall higher than average in the US, but not every place is LA and San Fran. This place is big enough to be its own country. And even then, the extra cost of living is worth it, ultimately. Id rather pay a little more and live here than pay significantly less and be stuck in the middle of like Montana lol.

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Shezarr
07/04/21 9:30:12 PM
#29:


TheVipaGTS posted...
Its overall higher than average in the US, but not every place is LA and San Fran. This place is big enough to be its own country. And even then, the extra cost of living is worth it, ultimately. Id rather pay a little more and live here than pay significantly less and be stuck in the middle of like Montana lol.
I mean, to be fair, even in shithole central CA places rent is outrageously high now.

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Eramir
07/04/21 9:31:30 PM
#30:


Lucky. California is always known for the best at everything.
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TheVipaGTS
07/04/21 9:31:44 PM
#31:


CloneTheHero posted...
bahaha. yea those sky high property values and never ending homeless population sure are attractive
People who have never been here need to stop with the omg homeless!! Stuff. Is it bad? Yes it can definitely be better, but you also have to remember that a lot of it is from people moving here to try and make it then struggling because they go straight to the big name cities.

i think we can do a lot better though. We need to take better care of them, but its hilarious seeing people who have never been here act like the entire state is downtown LA with big buildings and homeless people lining every street lol.

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Bleuets
07/04/21 9:32:59 PM
#32:


TheVipaGTS posted...
Actually most people here support him despite the Trumpers pushing for the recall. Hes handled Covid better than any other Governor.

well he went out and partied while during the height of COVID while telling everyone to stay home but sure
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BigB0ss13
07/04/21 9:34:39 PM
#33:


Newsom is the reason 95% of businesses, some that were decades old, shut down for good. That alone is recall worthy.
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Shezarr
07/04/21 9:35:44 PM
#34:


BigB0ss13 posted...
Newsom is the reason 95% of businesses, some that were decades old, shut down for good. That alone is recall worthy.
Hahahaha ok. Yes, 95% of businesses in the state closed. Its a giant ghost town now

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TheVipaGTS
07/04/21 9:35:51 PM
#35:


BigB0ss13 posted...
Newsom is the reason 95% of businesses, some that were decades old, shut down for good. That alone is recall worthy.
No. Covid is the reason. And that number is exaggerated. Im sorry he prioritized lives over businesses. They can rebuild their business. Dead people cant come back to life. So cry me a river.

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BigB0ss13
07/04/21 9:38:48 PM
#36:


Shezarr posted...
Hahahaha ok. Yes, 95% of businesses in the state closed. Its a giant ghost town now


I mean out of all the businesses that closed for good, he is responsible for 95% of them. Businesses that were forced to shut down (tattoo parlors, bars, mani/pedi places, etc.) still had to pay the rent, still had to close down even if those businesses did everything possible to protect customers more, etc.
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BigB0ss13
07/04/21 9:41:31 PM
#37:


TheVipaGTS posted...
No. Covid is the reason. And that number is exaggerated. Im sorry he prioritized lives over businesses. They can rebuild their business. Dead people cant come back to life. So cry me a river.


temporarily shutting down these businesses werent the problem. The problem is not helping them out during this time. If you force them to close then you need to do something to help them out like pause rent, give them money, etc. they just can't pay rent if they are making $0/month and they can't pay from their life savings.
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Cornmuffins
07/04/21 9:41:33 PM
#38:


95%! Wowza!~
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TheVipaGTS
07/04/21 9:42:43 PM
#39:


BigB0ss13 posted...
I mean out of all the businesses that closed for good, he is responsible for 95% of them. Businesses that were forced to shut down (tattoo parlors, bars, mani/pedi places, etc.) still had to pay the rent, still had to close down even if those businesses did everything possible to protect customers more, etc.
Actually they are still working on rent forgiveness, both for businesses and tenants. They plan to redirect their stimulus SURPLUS. Again, they can rebuild. Lives cant be brought back. 1. Stop talking about things you know nothing about, 2. Apply some logic to what youre saying. The logic beingPEOPLE WERE FUCKIN DYING.

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ZannoL
07/04/21 9:43:08 PM
#40:


Vipa delivering truth bombs.
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CM_Ponch
07/04/21 9:43:58 PM
#41:


Hell yeah, that's half my bills

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BigB0ss13
07/04/21 9:44:42 PM
#42:


TheVipaGTS posted...
Actually they are still working on rent forgiveness, both for businesses and tenants. They plan to redirect their stimulus SURPLUS. Again, they can rebuild. Lives cant be brought back. 1. Stop talking about things you know nothing about, 2. Apply some logic to what youre saying. The logic beingPEOPLE WERE FUCKIN DYING.


you're right people were fucking dying not only from corona but from depression, mental health and suicide
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kinetika_
07/04/21 9:46:02 PM
#43:


"Best state" yet their people are coming to Texas and jacking up our housing market because they can sell their shitty "$1 million" homes and live like kings and queens here

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Awards
07/04/21 9:47:00 PM
#44:


Cali rocks. Wish I lived there.
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TheVipaGTS
07/04/21 9:47:32 PM
#45:


BigB0ss13 posted...
you're right people were fucking dying not only from corona but from depression, mental health and suicide
Yea. The entire nation dealt with that. Covid did it. Not Newsome. From your other posts I know you tend to swing right in your views so now youre gonna pretend to care about mental health? Weve been trying to get legislation passed on health care and mental health for years now. The people you seem to support nationwide seem to be the ones against it tho. Not Gavin Newsome and California.

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Unsugarized_Foo
07/04/21 9:48:37 PM
#46:


Seriously though. I've only heard bellyaching about Cali until he got a gut punch

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Naysaspace
07/04/21 9:49:14 PM
#47:


how is this taxed?

all benefits in canada are taxed, but for some reason they didn't pre-tax it for the covid benefits. So a lot of people wound up owing some money (or getting no return) this year for 2020 taxes.

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TheVipaGTS
07/04/21 9:50:28 PM
#48:


Unsugarized_Foo posted...
Seriously though. I've only heard bellyaching about Cali until he got a gut punch
Yea. Youve mostly heard it from people outside of California lol. At least I have.

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#49
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Unsugarized_Foo
07/04/21 9:52:01 PM
#50:


TheVipaGTS posted...
Yea. Youve mostly heard it from people outside of California lol. At least I have.

No, it was from friends and family in Cali unless it was the national news

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