News Analysis
As some states mull or roll out “inflation relief” in the form of checks or tax rebates in a bid to help households weather soaring prices, critics argue such measures amount to fiscal stimulus that will keep inflation higher for longer.
American households face crushing inflation that has squeezed buying power and made basic necessities less affordable.
Some states have responded by offering relief to offset the cost-of-living crunch.
‘Cha-Ching!’
In one such thrust, some 23 million Californians will receive checks of up to $1,050 as part of a $17 billion “inflation relief” package that also includes a suspension of the state’s sales tax on diesel, rental assistance, and money to cover past-due utility bills….