Actually it's a good idea🌝

If we end up in a deflationary recession this could be a genius move. Also it’s really more of a Republican move than a Democrat.

But…but if it’s to cover the costs of inflation won’t then their tax liabilities also become…..inflated? and the dollar-value of retirement monies become ….worth less?

Very California thing to do

Poland has been doing a similar thing for several months now. CPI inflation at 13,9% yoy and core inflation at 8,5% yoy for the month of May. Expecting >15% CPI in June

So to solve the money printing problem, they print more?

Fire relief kerosene

States giving citizens their tax money back isn't the same as printing money. I would imagine you know this, though. CA taxes are excessive, and they currently have a huge budget surplus. The least they could do is give us some of our money back.