New York’s Democrat Governor Kathy Hochul is apparently planning to hand out stimulus checks to taxpayers in her state in order to help combat inflation.
It’s difficult to see how a one-time check for $300 to $500 would help people who have been struggling financially for years now under the Biden economy but it’s… something, right?
Of course, the ultimate irony is that this move could actually cause more inflation.
Is Hochul just trying to improve her approval numbers?
The governor’s office put out this press release:
Money in Your Pockets: Governor Hochul Proposes Sending 8.6 Million New Yorkers an Inflation Refund Check as First Proposal of 2025 State of the State
Proposal Would Deliver $3 Billion by Taking Excess Sales Tax Revenue Driven by Inflation and Giving That Money Back to Everyday New Yorkers
$500 Payment For Families Making Less Than $300,000; $300 Payment for Individual New York Taxpayers Making Less Than $150,000
Governor Has Delivered More Than $5.5 Billion in Supplemental Payments, Tax Relief and Rebates Since Taking Office
As her first proposal for the 2025 State of the State, Governor Kathy Hochul today proposed New York State’s first-ever Inflation Refund, which would deliver about $3 billion in direct payments to around 8.6 million New York taxpayers statewide in 2025. This new refund would send a payment of $300 to single taxpayers who make up to $150,000 per year, and a payment of $500 for joint tax filers making up to $300,000 per year. Today’s announcement is one of several proposals to help address the cost of living that will be unveiled as part of the Governor’s upcoming State of the State.
“Because of inflation, New York has generated unprecedented revenues through the sales tax — now, we’re returning that cash back to middle class families,” Governor Hochul said. “My agenda for the coming year will be laser-focused on putting money back in your pockets, and that starts with proposing Inflation Refund checks of up to $500 to help millions of hard-working New Yorkers. It’s simple: the cost of living is still too damn high, and New Yorkers deserve a break.”
Hochul spoke to the press and unveiled giant novelty checks:
New York Gov. Kathy Hochul announces $300+ checks to combat inflation – for people who make up to $150,000.
“[It’s for] whatever you want to spend it on.”pic.twitter.com/HxJwF6s6TW
— Eric Daugherty (@EricLDaugh) December 9, 2024
Is this going to backfire?
BREAKING: NY Gov combats inflation by increasing inflation https://t.co/6b8YYrIgWF
— The Dank Knight (@capeandcowell) December 9, 2024
This will cause inflation. https://t.co/mx6JS2wiML
— Stephen L. Miller (@redsteeze) December 10, 2024
Nothing fights inflation like more govt spending. Economically illiterate buffoons. https://t.co/p4YAVIVkGG
— Financial Guys Media Network (@finguys) December 10, 2024
By the way, don’t newly arrived illegal aliens in New York get services that are worth far more than this?
