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Gavin Newsom: “While we had the largest tax rebate in US history at a state…”

Featuring: Gavin Newsom, Democratic | Governor of California

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California Governor Gavin Newsom | Bloomberg Newsmaker Event

Published | Video Starts at 15:19

I'm excited to make an announcement in that space. It's why we've not doubled. We've almost tripled the earned income tax credits over $1 billion. Allow working families to keep more of their earnings. While we had the largest tax rebate in US history at a state level 18.1 billion, almost 18.3 depending on how you categorize it. But $18 billion tax rebate to address those costs. That's why we have the most progressive rent controls of any state in America. (15:19–15:29)

CLAIM

Asserts that California issued the largest state-level tax rebate in U.S. history, totaling approximately $18 billion.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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