CALIFORNIA BEGINS ISSUING INFLATION RELIEF FUNDS

It’s one of the largest relief efforts among a number of states offering cash injections to help consumers deal with rising costs.

California began sending out about $9.5 billion to 23 million California residents this week, one of the largest inflation relief efforts coming from a number of states across the country.

While the goal is to offer support to Americans struggling with inflation, some economists contend that handing out cash can make matters worse by contributing to higher prices.

Taxpayers either already have, or will soon, receive relief payments ranging from $400 to $1,700 in Virginia, Maine and others

California: Payments will range from $400 to $1050 for couples filing jointly & $200 to $700 for individuals, depending on their income & claimed dependents will be distributed between Oct 7 & Nov 14.

Virginia: Taxpayers will receive up to $250 for individuals and $500 for joint filers with rebate checks expected to be issued by Oct. 31 for those eligible.

Maine: Relief checks of $850 are being sent to an estimated 858,000 Mainers under certain income thresholds on a rolling basis, beginning in June.