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Reason
Reason
Christian Britschgi

California Fights Inflation by Sending People Free Money

California political leaders' latest plan to combat inflation involves flooding the state with free money. Late Sunday evening, Gov. Gavin Newsom, a Democrat, announced that he and the leaders of the state legislature had agreed to a budget deal that would send "inflation relief" checks of up to $1,050 to 23 million state residents.

"California's budget addresses the state's most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries," said Newsom, Senate President pro Tempore Toni G. Atkins (D–San Diego) and Assembly Speaker Anthony Rendon (D–Lakewood) in a joint statement.

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