Governor Newsom Announces “Business Relief Measures”
(Sacramento, CA) — California Governor Gavin Newsom – who is facing the prospect of losing his job in a recall election–wants to spend billions to help small businesses struggling with pandemic-related issues. Newsom’s plan is part of his California Comeback initiatives designed to speed the economic recovery in the state. Some businesses could see direct cash payments of up to 25-thousand-dollars. The governor also wants the film industry to start making more movies and TV shows in California. He’s proposing increasing tax credits so Hollywood productions won’t set up shop in Georgia. Business leaders are generally upbeat about the plan. However, the legislature has to approve it as part of the routine budget process. This cash explosion comes from what the Governor calls ‘tax surplus’ , but one of his opponents, former San Diego Mayor Kevin Faulconer, says shows Californians are overtaxed.