California’s $350 stimulus checks are a make-or-break bet for fighting inflation
Alex Reyes, 28, began filling his work truck and stopped when he noticed the prices on the large marquee as drivers select from various fuels priced near of above over $6 dollars at a Shell gas station located at South Fairfax, West Olympic and San Vicente Blvd in Los Angeles Al Seib/Los Angeles Times/Getty Images California Democrats approved an aid package that includes $350 stimulus checks for residents. The payments aim to offset the burden of soaring costs, yet they could boost inflation higher. Stimulus tends to fuel increased spending, and high demand has played a big role in the current inflation. California Gov. Gavin Newsom touted his state's new round of stimulus checks as a " middle class tax rebate " meant to "help you fill your gas tank and put food on the table." The payments could end up worsening the inflation that lifted prices in the first place. Newsom and Democratic state legislators approved a $17 billion economic aid package on ...