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National Review
National Review
10 Dec 2024
Jim Geraghty


NextImg:The Corner: New York Follows California’s Lead in One-Time Inflation Payments

Hey, remember when the California state government, in an effort to allegedly “help address rising costs,” sent $1,050 to residents? And remember how, in the words of Dominic Pino, it did “the opposite of helping on inflation,” because the state was throwing more money at people in a situation where there’s too much money chasing too few goods and services?

(As of May, 624,000 debit cards sent out by the California state government, loaded with at least $125 million in benefits, had never been used by recipients.)

Well, now New York governor Kathy Hochul wants to do the same thing.

Governor Kathy Hochul today proposed New York State’s first-ever Inflation Refund, which would deliver about $3 billion in direct payments to around 8.6 million New York taxpayers statewide in 2025. This new refund would send a payment of $300 to single taxpayers who make up to $150,000 per year, and a payment of $500 for joint tax filers making up to $300,000 per year.

Back in 2022, Dominic called California’s payments “an election year handout.”

Kathy Hochul’s favorability rating in a poll out today is 39 percent, with 49 percent of New York respondents feeling unfavorably about her.