California Lawmakers Offer $100 Billion Economic Stimulus Plan (1)

California Democrats are proposing a $100 billion economic stimulus package that includes a voucher program for prepayment of income taxes, expansion of unemployment insurance, and acceleration of infrastructure projects.

Leaders in the Senate and Assembly said they want to enact the plan in the next month as the coronavirus pandemic continues to weigh down the state economy. The plan would accelerate revenue without raising taxes through the tax vouchers, bonds, and borrowing.

“When the federal money stops, we need to have the tools in place to incentivize economic recovery,” Sen. Robert Hertzberg (D) told Bloomberg Tax.

The plan ...