Gas Tax

WhatMatters

Oil tax likely won’t be considered until January

When might Californians get more details about Gov. Gavin Newsom’s proposal to enact a windfall profits tax on oil companies, which newly elected state lawmakers are set to consider in a special legislative session beginning on Dec. 5? The specifics of the proposal aren’t likely to surface until the start of the special session, the […]

By Emily Hoeven • November 22, 2022

Economy

California might levy a new tax on oil companies. Here’s what to know

Here are the basics of the new windfall profit tax Gov. Gavin Newsom proposed, and how similar taxes have worked in the past.

By Grace Gedye • October 26, 2022

Economy

Your questions about California’s gas rebate answered

Readers had questions about California’s gas rebate payments, including whether it matters how many cars you have and why it’s based on 2020 tax returns. We’ve answered some here.

By Grace Gedye • October 19, 2022

Economy

This is how much money you’ll get from the California gas rebate

Here’s who is eligible for a 2022 gas rebate, how you will get it, when and how much you should expect.

By Grace Gedye • October 14, 2022

WhatMatters

Californians confront rising cost of living

If you’ve got your mind on your money and your money on your mind, you aren’t alone. Driven largely by increases in the cost of food, housing and health care, inflation rose 8.2% in September compared to the same time last year, the U.S. Bureau of Labor Statistics announced Thursday. And the core inflation rate […]

By Emily Hoeven • October 14, 2022

Politics

Newsom calls special session on gas rebate

Gov. Gavin Newsom called a special legislative session on rebates to offset high gas prices funded by a windfall profits tax on oil companies. The session will be Dec. 5, timed with the swearing-in of the new Legislature.

By Alexei Koseff • October 7, 2022

WhatMatters

Will Californians get even more gas rebates?

As California gas prices approach record highs — though costs could soon drop by as much as $1 per gallon — there’s “9.5 billion reasons I think people should be appreciative that the state’s recognizing the stress and strain that families are going through,” Gov. Gavin Newsom said Thursday. The governor’s comments — made during […]

By Emily Hoeven • October 7, 2022

WhatMatters

Fight escalates between Newsom, oil industry

Gov. Gavin Newsom hadn’t even finished dispensing with all of the bills on his desk ahead of Friday’s midnight deadline before he issued a call for new legislation. “We’re not going to stand by while greedy oil companies fleece Californians,” the governor said in a stern Twitter video, citing a lopsided surge in gas prices […]

By Emily Hoeven • October 3, 2022

WhatMatters

As gas prices soar, state on brink of sending rebates

Remember when Gov. Gavin Newsom and state lawmakers struck a deal a couple of months ago to send millions of California taxpayers between $200 and $1,050 to help cover the rising cost of living? Well, a week from today, the state is set to begin depositing the first round of payments in Californians’ bank accounts. […]

By Emily Hoeven • September 30, 2022

WhatMatters

Lawmakers OK budget, despite ‘crappy’ parts

Rebates ranging from $200 to $1,050 are one step closer to landing in millions of Californians’ pockets after state lawmakers in marathon Wednesday night floor sessions passed a record-breaking $300 billion budget plan for the fiscal year beginning Friday. Though heated and hours-long, the sessions were in many ways perfunctory: The supermajority-Democratic Legislature was all […]

By Emily Hoeven • June 30, 2022