Most California taxpayers would get hundreds of dollars in cash to help offset the high price of fuel and other goods under a tentative budget compromise.
As stocks plunge and costs continue to rise, ABC News' Rebecca Jarvis explains why experts say the U.S. economy may be headed toward a recession.
"As prices increase on everything from gas to baby formula, this rebate will help the vast majority of California taxpayers, including undocumented Californians, with hundreds of dollars in direct cash assistance, providing critical relief during tough times," Santiago said. Republicans, who don't control enough seats in the state Legislature to pass anything, have called for Newsom and Democrats to temporarily suspend the state's gas tax - which at 51.1 cents per gallon is the second highest in the nation. The tax is scheduled to increase to 53.9 cents per gallon next week, an automatic adjustment that is part of a state law intended to keep up with inflation.
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