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What’s In The Two-Pronged Plan California Senate Democrats Are Unveiling Tuesday Aimed At Easing Economic Burden Of COVID-19




Demonstrators pass the Los Angeles City Hall as they call for a rent strike during the coronavirus pandemic.
Demonstrators pass the Los Angeles City Hall as they call for a rent strike during the coronavirus pandemic.
FREDERIC J. BROWN/AFP via Getty Images

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California legislators on Tuesday are expected to pull the tarp off of two proposals aimed at helping ease the economic burden that residents across the Golden State are feeling due to COVID-19.

According to the Los Angeles Times, Democratic state senators will detail two things: a renter-assistance program where rent payments would be waived and the landlords forgiving them would get tax credits of the same size starting in 2024 spread out over a 10 minute period, and an economic stabilization plan that would offer any California taxpayer the option to pay as much as 10 years of state income taxes in advance in exchange for vouchers that could be used to cover taxes for future years or sold to investors for money right then. The money the state receives in advance state income tax payments would go towards funding short-term economic relief programs.

Today on AirTalk, we’ll find out more about what’s in the two proposals from Senate Democrats, talk about the pros and cons that stakeholders might raise and explain what it all means two days ahead of Governor Newsom sending state lawmakers a plan to fill a short-term budget deficit that could reportedly total $54 billion.

Guests:

Dan Walters, long-time California politics observer with CALmatters, a nonprofit public interest publication; he tweets @DanCALmatters

Joel Fox, editor-in-chief of the political commentary website Fox and Hounds Daily and the former president of the Howard Jarvis Taxpayers Association from 1986 to 1998; he tweets @1JoelFox1