California Governor Calls on Congress to Issue Additional $1 Trillion for Local Governments

As if the Democrat’s $3 trillion coronavirus relief bill isn’t enough to make the Republican senate fall over, California Governor Gavin Newsom’s $1 trillion request will surely do it.

On Friday, California Governor Gavin Newsom, along with his specially appointed task force consisting of some of Hollywood’s top execs including Netflix Chief Content Officer Ted Sarandos, Disney’s Executive Chairman Bob Iger, and the wife of Mark Zuckerberg, Priscilla Chan, penned a letter to Congress, urging for a $1 trillion relief package to help with local government budget cuts across all US states In the letter, they presented California to be in deep peril if government aid is not delivered, suggesting that they will be forced to increase budget cuts for child care, small business support and job training.

Newscom also released a revised budget plan which will be slashing billions from essential services in order to address the extensive $54.3 billion deficit left behind by the coronavirus pandemic. As a result, the California governor is making a plea to Congress for help, so that essential government services across the US such as public education, healthcare, and safety are not compromised.

Due to California’s financial ruin stemming from the coronavirus pandemic, Newscom decided to appoint this special task force to aid in the state’s economic recovery. Because who else better understands the hardships that working class Americans are faced with than some of Hollywood’s highest paid “business leaders,” right?

It really makes one wonder, with a GDP per capita of $58,619 – which is the 8th highest GDP per capita across all US states by the way – why does the governor still need to ask Congress for a special $1 trillion aid package on behalf of all US states? Is he forgetting that California is home to some of the wealthiest celebs in the world – perhaps sending them an urging letter may be more effective. But then again, maybe not.

Information for this briefing was found via CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Silver’s Move Is ‘Scary’ to Some Miners | Frank Basa

Are Commodities Entering a Generational Cycle? | Terry Lynch

Is the Gold Boom Still in the ‘Pre-Party’ Phase? | Sean Kingsley

Recommended

Ottawa Backs First Phosphate Battery Grade Validation Push With $16.7M Boost

First Majestic Drills 3.43 g/t Gold Over 24.4 Metres At Jerritt Canyon

Related News

California To Ban Sale Of Diesel Trucks In 2036, Forces Trucking Firms To Go Electric

Electric pickups and big-rig’s might hardly even exist, but California is determined to force their...

Sunday, April 30, 2023, 11:17:00 AM

California To Ban Sale Of Gasoline-Powered Vehicles By 2035

In what may be one of the most stringent zero-emission regulations targeting vehicles, the state...

Wednesday, August 24, 2022, 05:15:00 PM

Statcan Estimates July Manufacturing Sales Increase of 8.7%

Statistics Canada this morning released its flash sheet estimate for July’s manufacturing figures, releasing a...

Monday, August 24, 2020, 11:31:00 AM

Federal Government Announces $1.7 Billion in Aid For Oil Sector: Funds Will Be Used to Cleanup Canada’s Orphan Wells

The coronavirus pandemic has wreaked havoc across the country, adding a significant blow to already-struggling...

Friday, April 24, 2020, 09:45:00 AM

April New Vehicle Sales Lowest Since 1990’s

Edmunds, which serves as an online resource for automotive information, recently published data on new...

Sunday, May 3, 2020, 10:04:00 AM