California gov hopeful Kevin Faulconer unveils proposal to lower tax burden on middle class

“California has some of the highest income taxes, highest gas taxes, highest supplemental poverty rate in the entire country,” Faulconer told Fox News in an interview before the announcement. “California is too expensive, and it’s unaffordable for too many California families.”

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Under Faulconer’s proposal, individuals would receive their first $ 50,000 in income tax-free and couples would get their first $ 100,000 in income tax-free. Faulconer’s team says the proposal could save individuals as much as nearly $ 2,000 and families as much as nearly $ 4,000 per year.

“99% of California households who pay income taxes will get a tax cut, and this is going to help our young people just starting out, help families put food on the table,” Faulconer told Fox News. “It’s enough to pay for eight months of utilities, or eight months of groceries or 92 tanks of gas.”

In this Feb. 2, 2021 file photo former San Diego Mayor Kevin Faulconer speaks during a news conference in the San Pedro section of Los Angeles. (AP Photo/Jae C. Hong)

In this Feb. 2, 2021 file photo former San Diego Mayor Kevin Faulconer speaks during a news conference in the San Pedro section of Los Angeles. (AP Photo/Jae C. Hong)

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