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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,374 messages    |
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|    Message 345,201 of 345,374    |
|    Leroy N. Soetoro to All    |
|    Governor Newsom signs balanced state bud    |
|    30 Jun 25 19:56:04    |
      XPost: alt.politics.trump, alt.politics.republicans, sac.politics       XPost: alt.fan.rush-limbaugh, talk.politics.guns       From: leroysoetoro@americans-first.com              ? FUNDED: Tax cut for military retirees              ? FUNDED: Universal pre-kindergarten for all              ? FUNDED: Expanded before school, after school, & summer school              ? FUNDED: Free school meals for all kids              ? FUNDED: Game-changing literacy & reading investments              ? FUNDED: Building more housing, ASAP              ? FUNDED: Lowering drug costs              ? FUNDED: Expanding medication abortion access with CalRx              ? FUNDED: Historic firefighting & public safety investments              ? FUNDED: Protecting California’s iconic film industry              Signing of landmark package to cut red tape, fast-track housing, and       infrastructure forthcoming              SACRAMENTO – Amid Donald Trump’s economic assault on California, Governor       Gavin Newsom today signed the 2025 state budget bill advanced in       partnership with Senate President pro Tempore Mike McGuire and Speaker       Robert Rivas. Together, the Governor and Legislature are enacting a       responsible, balanced spending plan that safeguards California’s values       while maintaining long-term fiscal health. This budget and forthcoming       trailer bills include new, landmark policies that will accelerate housing       production and boost affordability in communities across the state —       addressing California’s most urgent challenges.              As we confront Donald Trump’s economic sabotage, this budget agreement       proves California won’t just hold the line — we’ll go even further. It’s       balanced, it maintains substantial reserves, and it’s focused on       supporting Californians — slashing red tape and catapulting housing and       infrastructure development, preserving essential healthcare services,       funds universal pre-K, and cuts taxes for veterans.              Governor Gavin Newsom              Pro Tem Mike McGuire says: “The State is delivering a responsible on-time       budget in a challenging year focused on fiscal restraint and investing in       the people and programs that make this State great. This budget       prioritizes record funding for our kids and public schools, protects       access to health care for millions of the most vulnerable, and will create       more housing at a scale not seen in years. Thanks to this budget       agreement, the state will help get more folks off the streets and into       permanent shelter, and we’ll expand the ranks of CalFire, deploying       hundreds of additional full-time CalFire firefighters, which will save       lives and make us all more wildfire safe. And this agreement helps prepare       our state for the ongoing chaos and massive uncertainty caused by the       Trump administration. Thank you to our Senate Budget Chair Scott Wiener,       Speaker Rivas and Governor Newsom and their staffs for their hard work for       the people of California.”              Speaker Robert Rivas says: “This is an incredibly difficult time for       Californians. Trump is undermining our economy with reckless tariffs,       harsh cuts, and ICE agents terrorizing our communities. At a moment when       so many are already struggling, he’s adding fear and instability. In       contrast, Democrats have delivered a budget that protects California. It       cuts red tape to build more housing faster — because housing is the       foundation of affordability and opportunity. It preserves critical       investments in health care, women’s health, education, and public safety.       And it honors our commitment not to raise taxes on families, workers, or       small businesses. In unprecedented times, under painful circumstances,       Democrats are delivering for Californians.”              Tax cuts for vets, smaller class sizes, free school meals       The budget reflects a shared commitment to protect opportunity and improve       affordability in California, in the face of targeted attacks by the Trump       administration. The budget makes historic investments in public education       — from universal transitional kindergarten and free school meals to       expanded before and after-school programs, summer school, smaller class       sizes, and strengthened career training and higher education. The budget       demonstrates the state’s commitment to honoring veterans by creating tax       cuts for military retirees, recognizing their service and supporting their       financial security.              Lowering prescription drug costs, protecting reproductive care, and safety       nets       The budget preserves key health care programs for Californians targeted by       Republicans. It preserves vital safety net programs, including in-home       supportive services and women’s reproductive health. As part of the       budget, the Governor is also expected to sign legislation protecting       access to health care, license and regulate Pharmacy Benefit Managers for       the first time, increasing transparency and accountability in the pharmacy       supply chain. The legislation also expands CalRx’s authority to procure       brand-name drugs and respond to politically motivated supply disruptions,       helping shield access to critical medications like mifepristone.              Lights, camera, JOBS       The budget protects California’s position as the 4th largest economy in       the world – supporting business and continued economic growth, including       California’s iconic film industry. Next week, the Governor is expected to       sign additional legislation as part of the expansion of the film and TV       tax credit program — further catapulting the program’s impact to $750       million a year.              Trump’s economic assault       The balanced budget comes as California continues to confront significant       fiscal pressures fueled by the Trump administration’s reckless economic       and immigration policies. According to the California Department of       Finance, Trump’s tariff regime is projected to cost the state an estimated       $16 billion in lost General Fund revenue through the next fiscal year. And       a new study released June 17 by the Bay Area Council Economic Institute,       in collaboration with UC Merced, found that Trump’s mass deportations       could slash $275 billion from California’s economy, eliminate $23 billion       in annual tax revenue, and severely disrupt key industries such as       agriculture, construction, and hospitality.              In the face of these mounting challenges, the Governor issued a       proclamation to access state reserves. This responsible and balanced       budget protects Californians, creates more housing, preserves core       programs, reinforces fiscal discipline, and invests in the state’s long-       term economic strength.              The Governor today announced signing the following bills:              AB 102 by Assemblymember Jesse Gabriel (D-Encino) – Budget Act of 2025.       AB 118 by the Committee on Budget – Human services.       AB 121 by the Committee on Budget – Education finance: education omnibus       budget trailer bill.       AB 123 by the Committee on Budget – Higher education budget trailer bill.       AB 134 by the Committee on Budget – Public Safety.       AB 136 by the Committee on Budget – Courts.              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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