Business

Newsom’s Gas Relief Plan Would Send Over $9 Billion in Direct Payments to Californians

Assemblymember Kevin Kiley (R-Rocklin) said, “Corrupt politicians will always prefer ‘rebates’ to actual tax relief because that keeps them in charge of who gets the money and when it’s delivered.” Kiley, who refers to Assembly Democrats as “the Supermajority,” said the Republican proposal to cut the gas tax “entirely” wouldn’t cost the state “any loss of funding for roads.”

Published

2 years ago

April 3, 2022

Oakland Post

Governor Gavin Newsom's plan includes nearly $500 million in funding for clean transportation alternatives and supporting pedestrian and bicycle-rider safety programs.

By Tanu Henry, California Black Media

Last week, Gov. Gavin Newsom proposed an $11 billion relief package to assist Californians struggling with the skyrocketing costs of gas, food and other commodities.

The plan includes a mix of direct payments to individuals; suspension of public transportation fares tax rebates; and support for state, county and municipal programs that align with the governor’s goal to make California a zero-emissions state by 2035.

The State will provide about $9 billion in funding to cover $400 direct payments to car owners whose vehicles are registered in the state — with a limit of two rebates per person. The payments will be sent to car owners on debit cards.

“We’re taking immediate action to get money directly into the pockets of Californians who are facing higher gas prices as a direct result of Putin’s invasion of Ukraine,” said Newsom.

“But this package is also focused on protecting people from volatile gas prices and advancing clean transportation — providing three months of free public transportation, fast-tracking electric vehicle incentives and charging stations, and new funding for local biking and walking projects,” he added.

The plan includes nearly $500 million in funding for clean transportation alternatives and supporting pedestrian and bicycle-rider safety programs.

Shortly after Newsom announced his plan, Republicans slammed it, calling it “out of touch,” pointing out oversights and explaining why they think their proposal is better.

Last week, California Assembly Republicans introduced legislation that would temporarily suspend the state’s 51-cent-per-gallon gas tax. Democrats unanimously voted against the bill 40-18, arguing that, if the legislation passed, funding would be taken away from important transportation projects without a guarantee from gas stations that they would lower prices.

“You can’t make this stuff up,” tweeted Assembly Republican leader James Gallagher, whose district includes Yuba County and other Sacramento Valley counties, including all of Glenn and Tehama and parts of Butte and Colusa.

“I’m losing count…is this now the 5th plan from Capitol Democrats in the past couple of weeks? Why not take #50centsoffnow?” Gallagher’s tweet continued.

Gallagher also found fault with the governor’s plan for providing relief to people who own electric vehicles and leaving out military personnel who live and serve in California but whose cars may not be registered in the state.

California has the highest number of active-duty military personnel in the country.

Kiley, who refers to Assembly Democrats as “the Supermajority,” said the Republican proposal to cut the gas tax “entirely” wouldn’t cost the state “any loss of funding for roads.”

“That money would be backfilled from the state’s general fund, and we are said to have a $45 billion — maybe as high as $60 billion surplus right now,” Kiley told “The Issue Is,” a Fox 11 Los Angeles news show that covers “the most controversial and interesting issues impacting California.”

Newsom says his plan, which could go into effect by July after the state Assembly and Senate approve it, would bring relief to tens of millions of Californians.

“This direct relief is on top of the $10-plus billion we have distributed over the last year with the Golden State Stimulus,” said Newsom. “All told, close to $20 billion in direct tax relief here in the state of California.”

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State Controller Malia Cohen Keynote Speaker at S.F. Wealth Conference

California State Controller Malia Cohen delivered the keynote speech to over 50 business women at the Black Wealth Brunch held on March 28 at the War Memorial and Performing Arts Center at 301 Van Ness Ave. in San Francisco. The Enterprising Women Networking SF Chapter of the American Business Women’s Association (ABWA) hosted the Green Room event to launch its platform designed to close the racial wealth gap in Black and Brown communities.

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3 days ago

April 20, 2024

Oakland Post

American Business Women’s Association Vice President Velma Landers, left, with California State Controller Malia Cohen (center), and ABWA President LaRonda Smith at the Enterprising Women Networking SF Chapter of the ABWA at the Black Wealth Brunch.

By Carla Thomas

The Enterprising Women Networking SF Chapter of the American Business Women’s Association (ABWA) hosted the Green Room event to launch its platform designed to close the racial wealth gap in Black and Brown communities.

“Our goal is to educate Black and Brown families in the masses about financial wellness, wealth building, and how to protect and preserve wealth,” said ABWA San Francisco Chapter President LaRonda Smith.

ABWA’s mission is to bring together businesswomen of diverse occupations and provide opportunities for them to help themselves and others grow personally and professionally through leadership, education, networking support, and national recognition.

“This day is about recognizing influential women, hearing from an accomplished woman as our keynote speaker and allowing women to come together as powerful people,” said ABWA SF Chapter Vice President Velma Landers.

More than 60 attendees dined on the culinary delights of Chef Sharon Lee of The Spot catering, which included a full soul food brunch of skewered shrimp, chicken, blackened salmon, and mac and cheese.

Cohen discussed the many economic disparities women and people of color face. From pay equity to financial literacy, Cohen shared not only statistics, but was excited about a new solution in motion which entailed partnering with Californians for Financial Education.

“I want everyone to reach their full potential,” she said. “Just a few weeks ago in Sacramento, I partnered with an organization, Californians for Financial Education.

“We gathered 990 signatures and submitted it to the [California] Secretary of State to get an initiative on the ballot that guarantees personal finance courses for every public school kid in the state of California.

“Every California student deserves an equal opportunity to learn about filing taxes, interest rates, budgets, and understanding the impact of credit scores. The way we begin to do that is to teach it,” Cohen said.

By equipping students with information, Cohen hopes to close the financial wealth gap, and give everyone an opportunity to reach their full financial potential. “They have to first be equipped with the information and education is the key. Then all we need are opportunities to step into spaces and places of power.”

Cohen went on to share that in her own upbringing, she was not guided on financial principles that could jump start her finances. “Communities of color don’t have the same information and I don’t know about you, but I did not grow up listening to my parents discussing their assets, their investments, and diversifying their portfolio. This is the kind of nomenclature and language we are trying to introduce to our future generations so we can pivot from a life of poverty so we can pivot away and never return to poverty.”

Cohen urged audience members to pass the initiative on the November 2024 ballot.

“When we come together as women, uplift women, and support women, we all win. By networking and learning together, we can continue to build generational wealth,” said Landers. “Passing a powerful initiative will ensure the next generation of California students will be empowered to make more informed financial decisions, decisions that will last them a lifetime.”

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Black Business Summit Focuses on Equity, Access and Data

The California African American Chamber of Commerce hosted its second annual “State of the California African American Economy Summit,” with the aim of bolstering Black economic influence through education and fellowship. Held Jan. 24 to Jan. 25 at the Westin Los Angeles Airport Hotel, the convention brought together some of the most influential Black business leaders, policy makers and economic thinkers in the state. The discussions focused on a wide range of economic topics pertinent to California’s African American business community, including policy, government contracts, and equity, and more.

Published

3 days ago

April 20, 2024

Oakland Post

Toks Omishakin, Secretary of the California State Transportation Agency (CALSTA), answers questions from concerned entrepreneurs frustrated with a lack of follow-up from the state. January 24, 2024 at the Westin Los Angeles Airport Hotel, Lost Angeles, Calif. Photo by Solomon O. Smith

By Solomon O. Smith, California Black Media

The California African American Chamber of Commerce hosted its second annual “State of the California African American Economy Summit,” with the aim of bolstering Black economic influence through education and fellowship.

Held Jan. 24 to Jan. 25 at the Westin Los Angeles Airport Hotel, the convention brought together some of the most influential Black business leaders, policy makers and economic thinkers in the state. The discussions focused on a wide range of economic topics pertinent to California’s African American business community, including policy, government contracts, and equity, and more.

Toks Omishakin, Secretary of the California State Transportation Agency (CALSTA) was a guest at the event. He told attendees about his department’s efforts to increase access for Black business owners.

“One thing I’m taking away from this for sure is we’re going to have to do a better job of connecting through your chambers of all these opportunities of billions of dollars that are coming down the pike. I’m honestly disappointed that people don’t know, so we’ll do better,” said Omishakin.

Lueathel Seawood, the president of the African American Chamber of Commerce of San Joaquin County, expressed frustration with obtaining federal contracts for small businesses, and completing the process. She observed that once a small business was certified as DBE, a Disadvantaged Business Enterprises, there was little help getting to the next step.

Omishakin admitted there is more work to be done to help them complete the process and include them in upcoming projects. However, the high-speed rail system expansion by the California High-Speed Rail Authority has set a goal of 30% participation from small businesses — only 10 percent is set aside for DBE.

The importance of Diversity, Equity and Inclusion (DEI) in economics was reinforced during the “State of the California Economy” talk led by author and economist Julianne Malveaux, and Anthony Asadullah Samad, Executive Director of the Mervyn Dymally African American Political and Economic Institute (MDAAPEI) at California State University, Dominguez Hills.

Assaults on DEI disproportionately affect women of color and Black women, according to Malveaux. When asked what role the loss of DEI might serve in economics, she suggested a more sinister purpose.

“The genesis of all this is anti-blackness. So, your question about how this fits into the economy is economic exclusion, that essentially has been promoted as public policy,” said Malveaux.

The most anticipated speaker at the event was Janice Bryant Howroyd known affectionately to her peers as “JBH.” She is one of the first Black women to run and own a multi-billion-dollar company. Her company ActOne Group, is one of the largest, and most recognized, hiring, staffing and human resources firms in the world. She is the author of “Acting Up” and has a profile on Forbes.

Chairman of the board of directors of the California African American Chamber of Commerce, Timothy Alan Simon, a lawyer and the first Black Appointments Secretary in the Office of the Governor of California, moderated. They discussed the state of Black entrepreneurship in the country and Howroyd gave advice to other business owners.

“We look to inspire and educate,” said Howroyd. “Inspiration is great but when I’ve got people’s attention, I want to teach them something.”