Some eligible Albertans can start to apply for a total of $600 in inflation-relief payments in the coming weeks, with the first instalment to be released at the end of January, the provincial government has announced. Households with a yearly income of less than $180,000 are eligible for the six $100 payments for each senior…
Albertans to Start Receiving Inflation-Relief Payments in Coming Weeks
Alberta’s Inflation-Relief Spending Has Risks Despite Big Budget Surplus: Economist
November 30, 2022
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News Analysis Governments are taking advantage of revenue increases—in part due to high inflation—to send households money to mitigate rapidly rising prices. In doing so, a primary concern is to avoid blunting the Bank of Canada’s efforts to cool inflation and encourage government spending restraint. But Alberta’s massive budget surplus comes with its own particular…
Legislation Temporarily Doubling GST Credit Comes Into Law
The Liberal government’s legislation doubling the Goods and Services Tax (GST) credit for the next six months, which unanimously passed the House of Commons, has now come into law. Bill C-30, which was sponsored by Deputy Prime Minister Chrystia Freeland, both passed the Senate and received royal assent on Oct. 18. The bill took just 16 days…
California Begins Sending Inflation Relief Payments
October 8, 2022
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Up to $1,050 in tax refund payments started going into the direct deposit accounts of about 23 million Californians on Friday, Oct. 7, state officials said. These one-time payments known as the Middle Class Tax Refund will be sent to taxpayers through Jan. 15, 2023—as part of the $308 billion state budget signed by Gov. Gavin…
Newsom’s ‘Inflation Relief’ Payments Was Required by Spending Cap Law
July 18, 2022
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California Budget SurplusCalifornia legislatureGann LimitGavin NewsomInflation ReliefLocal NewsPolicies & ImpactsRegional NewsRegional-Local NewsSouthern CaliforniaUncategorizedUS
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Despite calling the program “inflation relief,” Gov. Gavin Newsom’s plan to send California’s middle-class families up to $1,050 this year follows a law that requires the state to refund budget surplus money to taxpayers. The governor, who is running for re-election this year, took to Twitter to celebrate the Legislature’s passage of the program last…
Newsom’s ‘Inflation Relief’ Payments Were Required by Spending Cap Law
July 18, 2022
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California Budget SurplusCalifornia legislatureGann LimitGavin NewsomInflation ReliefLocal NewsPolicies & ImpactsRegional NewsRegional-Local NewsSouthern CaliforniaUncategorizedUS
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Despite calling the program “inflation relief,” Gov. Gavin Newsom’s plan to send California’s middle-class families up to $1,050 this year follows a law that requires the state to refund budget surplus money to taxpayers. The governor, who is running for re-election this year, took to Twitter to celebrate the Legislature’s passage of the program last…
Are ‘Inflation Relief’ Checks Like Pouring Gas Onto Inflationary Fire?
News Analysis As some states mull or roll out “inflation relief” in the form of checks or tax rebates in a bid to help households weather soaring prices, critics argue such measures amount to fiscal stimulus that will keep inflation higher for longer. American households face crushing inflation that has squeezed buying power and made…
Californians to Receive $1,050 in Inflation Relief
June 27, 2022
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About 23 million Californians will be eligible to receive $1,050 checks under a new inflation relief package, the governor announced June 26. Gov. Gavin Newsom, Senate President Pro Tempore Toni Atkins (D-San Diego), and Assembly Speaker Anthony Rendon (D-Lakewood) agreed to allocate $17 billion from the state’s budget toward inflation relief. Part of that fund,…
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