CA Gov. Gavin Newsom Announces Largest State Tax Rebate In U.S. History
“California’s going to come roaring back,” said Governor Gavin Newsom on Monday as he announced his $100 billion California Comeback Plan. He called it the biggest economic recovery package in state history – including unprecedented investments to address the region’s most persistent challenges, starting with nearly $12 billion in direct cash payments to Californians hit hardest by the pandemic. According to Newsom’s office, it is the largest tax rebate by any state in American history, year-over-year.