Gasoline Stimulus Check - The Emissions Reduction Act of 2022 - Introduced by Mike Thompson, (D-Calif.), John Larson, (D-Connecticut) and Lauren Underwood, (D-Illinois) - would send Americans an "energy cut" each month. Check it out. Dan Gleiter dgleiter@pennlive.com
Staten Island, New York. - A new form of government stimulus payments designed to cover gas prices could end up in your bank account if a group of Democrats have their way.
Gasoline Stimulus Check
The Emissions Reduction Act of 2022 - Introduced by Rep. Mike Thompson, (D-California), Rep. John Larson, (D-Connecticut) and Rep. Lauren Underwood, (D-Illinois) - would send Americans an "energy cut" each month. . The payment is $100 per month with an additional $100 per share for the remainder of 2022 for each month the average gas price exceeds $4 per gallon, according to sister site Al.com.
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The proposed bill comes after more than a month of record high oil prices. Currently, the national average price of a gallon of gas in the United States is $4.23, according to AAA.
"Americans are feeling the effects of Vladimir Putin's illegal aggression in Ukraine, and now we must work together on a smart policy solution to ease the financial burden on my constituents," Thompson said. Putin's price gouging is hurting our economy, and I'm proud to work with Reps. Larson and Underwood to introduce this legislation to help middle-class Americans pay each month to ease the financial burden of this global crisis."
The law does not specify how the grant will be paid. Recently, Congress has been reluctant to restart any more stimulus payments.
We may receive compensation if you purchase a product or register for an account through a link on our website. Disbursements on behalf of federal agencies in Philadelphia. (AP Photo/Matt Rourke, File)AP
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Over the weekend, multiple reports indicated that the Biden administration was considering two options for a new stimulus plan to address rising gas prices.
According to the Washington Post, President Joe Biden said he will make a decision on the gas tax holiday "by the end of the week." That would save Americans "18.4 cents at the pump."
"Yes, I will consider it," he said later this week, according to a news report, adding, "I hope to make an informed decision."
The gas tax holiday cancels all taxes on the cost of fuel. However, the president is still considering cash cards, another option that would provide relief to millions of Americans at the pump.
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The cashback card was reviewed a few months ago, and according to another report from The Washington Post, this card is also being reviewed. Even a gas tax holiday is more likely because the US chip shortage could make it difficult to produce enough cards for everyone.
However, the gas tax holiday requires an "act of Congress," and the Senate is clearly divided on many other issues in providing direct relief to Americans.
We may receive compensation if you purchase a product or register for an account through one of our website links. Members of Congress have introduced a bill, known as the Gas Reimbursement Act of 2022, that would provide payment incentives for some people when gas costs more than $4. (AP Photo/Stephen Senn) AP
Democrats introduced a bill last week that would give people making $75,000 or less $100 more if gas prices rise above $4 a gallon.
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Reps. Mike Thompson, D-Calif., John Larson, D-Conn., and Lauren Underwood, D-Ill., have introduced a bill called the Emissions Reduction Act of 2022.
This proposal, according to the press release on the website of the representative. Thompson sends individuals with incomes of $75,000 or less, or joint filers with incomes of $150,000 or less, $100 when gas prices are above $4 a gallon each month. year
"Americans are feeling the consequences of Vladimir Putin's illegal invasion of Ukraine, and now we must work together on the right policy solutions to ease the financial burden my constituents are feeling," Thompson said in a statement.
He said, "Putin's price hikes are hurting our economy, and I'm proud to work with Reps. Larson and Underwood to introduce this legislation to give middle-class Americans a monthly payment to ease the financial burden of this global crisis." ." added.
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Despite the pressure of the members of the parliament, it is still not clear whether this draft law will be voted on by the Majlisi namoyandagon or not.
According to AAA, the national average price of a gallon of regular gas is $4.24. It has fallen steadily since hitting a record high of $4.33 a gallon on May 11.
We may receive compensation if you purchase a product or register for an account through one of our website links. Electric vehicle owners know that pump prices have taken a hit lately. Earlier this month, they reached an all-time high. Now, the government hopes to offset the financial impact of fuel costs with another stimulus check.
Because Americans could spend an extra $2,000 this year, politicians plan to help The new bill, introduced by Democrats Mike Thompson, John Larson and Lauren Underwood of California, Connecticut and Illinois, wants until the average price of gas to remain above $4 a gallon, sending some Americans as much as $300 a month.
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In a statement, Trump said the stimulus would "provide middle-class Americans with paychecks to help ease the financial burden of this global crisis." They call it the Gas Refund Act, and it gives out $100 checks each month to both shared and single chargers, plus an extra $100 for each dependent, as long as gas prices stay high. Like the 3 stimulus checks Americans already receive, it goes to single filers making less than $75,000 and joint filers less than $150,000, and checks to anyone making more than that, up to $80,000 for singles and. $160,000 for shared files.
While it's not yet clear how the check will be paid, a second proposal by Rep. Ro Hanna, D-Calif., and Sen. Sheldon Whitehouse, R-Rhode Island, would have taxed oil and gas companies that have inflated profits. And use that money as a check to Americans. Called the oil windfall tax, it would levy a tax on each barrel equal to 50% of the difference between the current price of a barrel of oil and the pre-pandemic average between 2015 and 2019. They calculated that this meant a $240 check. . per year for a single filer and one for $360 per year for a shared filer.
Right now, there's no word on whether the bill will change, but with millions of people hurting because they pay more for gas and choose to drive less because of it, maybe something will happen soon before the economy takes another hit. to happen
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