SACRAMENTO, Calif. (AP) — Democrats who control California’s Legislature are proposing a $100 billion economic stimulus plan that relies on what they are calling future tax vouchers. They also want to speed up other spending during the coronavirus pandemic.
The plan would allow the state treasurer to issue tax vouchers that proponents said could raise billions of dollars. The state would let taxpayers prepay their taxes for a future budget year at a slight discount.
Lawmakers announced their plan Monday as the Legislature begins a five-week sprint to its adjournment after abandoning most of this year’s legislative session for fear of spreading the virus.
