“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.”
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 por año.
“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.”