California is expanding its stimulus-check program to send checks to two-thirds of its residents, Newsom announces

·1 min read
Gavin Newsom
Gov. Gavin Newsom of California. Associated Press

Gov. Gavin Newsom of California said the state would be sending stimulus checks to two-thirds of its residents in an expansion of its plan to support communities during the COVID-19 pandemic.

Newsom said on Monday that those who qualify would receive a one-time stimulus payment of $600 or $1,200 and families with kids would receive another $500.

The "Golden State Stimulus" plan was announced earlier this year, but Newsom said on Monday that he would be expanding it.

The stimulus payments will now include middle-income residents.

"We're announcing a $12 billion tax rebate to the people of the state of California earning up to $75,000," Newsom said at a press conference on Monday.

"Let me put that into perspective. That tax rebate will impact just shy of 80% of all tax filers, will get a direct stimulus check, will get a direct relief payment because of this announcement," he added. "Two-thirds of all Californians will benefit from this stimulus. That's roughly $12 billion."

Read the original article on Business Insider