Wednesday, December 16, 2020

Decomposing the new stimulus

 California comes out with something like 6 billion in slush, rather than the 18 billion in version one of revenue sharing. Newsom get education, day care funding, and a few others. The bulk of it is direct to business or direct to individuals.

So, what to think? Newsom needed a big pension payment, he has to look else where.  This is Cal's third and last attempt at a Swamp bailout, and the tax scramble is coming back to California.  Illinois is similarly deprived of the promised liquidity. 

My opinion has become conflicted.  The check is OK, but I have more tax battles here.

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