Democratic lawmakers unveil $100B economic stimulus plan for California

Ashley Zavala reports

DEMOCRATS UNVEILED A100 BILLION DOLLAR ECONOMICSTIMULUS PLAN.

FOX FORTY'SASHLEY ZAVALA BREAKS IT DOWN.A GROUP OF DEMOCRATS INBOTH THE SENATE AND ASSEMBLYMONDAY REVEALED A 100 BILLIONDOLLAR STIMULUS PLAN INRESPONSE TO THE PANDEMIC THEPROPOSAL INCLUDES TAX BREAKSFOR SMALL BUSINESSES FINANCIALRELIEF FOR UNDOCUMENTEDWORKERS AND INCREASINGAFFORDABLE HOUSING AND RENTERSPROTECTIONS.

LAWMAKERS SAY THEPLAN ACCELERATES REVENUECOLLECTION FOR MANY ALREADYAVAILABLE FUNDING STREAMSWITHOUT RAISING TAXES.

ITWOULD ALSO INVOLVE BORROWINGFROM THE FEDERAL GOVERNMENT TOBOOST THE STATE'S UNEMPLOYMENTPROGRAM, ONE OF THE LEADERS OFTHE GROUP THAT CAME UP WITHTHE PLAN ASSEMBLYMAN PHIL TINGSAID IN A STATEMENT IN PARTOUR STRATEGY ENSURES PEOPLEDON'T FALL FURTHER BEHINDWHILE ALSO GENERATINGOPPORTUNITIES TO PUT PEOPLEBACK TO WORK TO BUILD ASTRONGER CALIFORNIA TO WEAKENGOVERNOR GAVIN, NEWSOME WASNOT READY TO COMMENT ON THEPROPOSAL MONDAY BECAUSE HESAYS HE HAD NOT SEEN THEDETAILS GROWTH AND INCLUSIONAND THAT'S FOUNDATIONAL INTERMS OF ANY.PACKAGE NEEDS TO MOVEFORWARD.

WE HAVE TO INCLUDE AFRAMEWORK OF BRINGING PEOPLEALONG AS WE REOPEN OUR ECONOMYAND AS WE GROW OUR ECONOMY.SOME REPUBLICANS MONDAY WE'RESTILL REVIEWING THE PACKAGEBEFORE COMMENTING WITH INPUTFROM THE GOVERNOR AND THEPUBLIC LAWMAKERS IN BOTHCHAMBERS ARE AIMING TO GET ITPASSED BEFORE THE END OFSESSION DEADLINE AUGUST 31STIN SACRAMENTO, ASHLEY ZAVALAFOX 40 NEWS.LONGTIME SACRAMENTO CITY