SACRAMENTO—Gov. Gavin Newsom on March 23 announced an $11 billion proposal to ease pain at the pump, which includes providing all Californians with a registered vehicle $400 tax rebates on a debit card. Rebates would be capped at two vehicles per household. “We’re taking immediate action to get money directly into the pockets of Californians who are facing higher gas prices as a result of Putin’s invasion of Ukraine,” Newsom said in a statement. The average Californian spends an estimated $300 in gasoline excise tax within a year, according to the Governor’s Office. Funds would come from the state’s budget surplus. The $400 rebate payments would cost an estimated $9 million. The proposal will also allocate $750 million for up to three months of free public transportation, $523 million to pause the inflationary rate of the tax for gas and diesel, and $600 million to pause a portion of the …
Newsom Proposes $400 Debit Cards for All Car Owners to Offset Gas Prices
March 23, 2022
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