California Governor Gavin Newsme signs 7.6 billion deal Corona virus Businesses that package relief on Tuesday. will provide at least one 600 one-time payments to millions of people, while allocating more than billion 1 billion in grants to help small businesses struggle.
Newsme signed the law as Congress is debating a larger stimulus package for the nation, a proposal that could also put money in the pockets of most Americans. And it’s coming because the first-term governor is facing widespread anger over the handling of the coronavirus on him, especially in an effort to pull back some of the impact on his businesses.
“The backbone of our economy is small business. We accept the stress, the stress that many small businesses are under,” News said at a bill-signing ceremony at Solomon’s Deli in Sacramento. “And we also recognize our responsibility to do more and perform better to support these small businesses through this very difficult and trying time.”
Indoor dining has been banned in most states of the state by the News Administration even while limiting how many people can enter retail stores at the same time. News said Tuesday that the state will ease those restrictions in five counties, with more coming in the coming weeks as the number of new infections has dropped in recent weeks with coronavirus-related hospital admissions.
Newsom put up 500 500 million for a small business grant in November using its emergency powers. In the first round of funding, the program received more than 33,334,000 applications, more than $ 4.4 billion in requests.
Law News, signed Thursday, has put another બીજા 2 billion into that program. Unemployment Businesses with annual revenues of between 1,000 1,000 and 2.5 2.5 million are eligible for funding, with priority given to businesses run by women and minority-owned businesses and areas with the highest unemployment rates.
The legislature will approve more aid for the business next week. Lawmakers planned to pass a bill Monday that would reduce the cost of businesses covered by federal loans from their state taxes to 150,000 – a લર 2 billion gain in six years. But they decided to amend the bill to allow businesses to deduct more than ,000 150,000 from their taxes, raising prices for the state by about 3 2.3 billion.
Once that law is passed, it will bring the state’s total stimulus package down to just under 10 10 billion.
“It’s also big for California standards,” Newsme said.
The package includes -.- billion billion lire to pay at least about 600 in one-time payments to about 7.7 million people. Most of these people will get money through California by claiming income tax credit on their tax returns. Typically, those are the people who make 30,000 or less each year.
This money will also go to people who earn $ 75,000 per year and use a personal taxpayer identification number to file income tax. These are people who do not have a Social Security number, including immigrants who were ineligible for the federal stimulus payment approved by Congress last year.
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