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California lawmakers propose $100 billion stimulus plan

AP2008

Matt Rourke/AP

Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail. (AP Photo/Matt Rourke)

By: By DON THOMPSON

Posted at 6:51 PM, Jul 27, 2020

and last updated 2020-07-27 21:53:55-04

SACRAMENTO, Calif. (AP) — Democrats who control California’s Legislature are proposing a $100 billion economic stimulus plan that relies on what they are calling future tax vouchers. They also want to speed up other spending during the coronavirus pandemic.

The plan would allow the state treasurer to issue tax vouchers that proponents said could raise billions of dollars. The state would let taxpayers prepay their taxes for a future budget year at a slight discount.

Lawmakers announced their plan Monday as the Legislature begins a five-week sprint to its adjournment after abandoning most of this year’s legislative session for fear of spreading the virus.

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California lawmakers propose $100 billion stimulus plan

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