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IPFS News Link • Congress-Congressmen

Gas price stimulus checks proposals head to Congress

• https://www.fox5ny.com, By Chris Williams

Los Angeles on Tuesday became the first major city in the U.S. to reach an average gas price of $6 or more. That's according to fuel savings platform GasBuddy, which reported the national average gas price in the U.S. beginning to decline since its peak of $4.35 per gallon on March 10. 

Some proposals include a stimulus check while others would tax oil companies. 

Americans could get a $100 per month energy rebate

One proposal comes from Reps. Mike Thompson of California, John Larson of Connecticut, and Lauren Underwood of Illinois. 

The congressional lawmakers propose the Gas Rebate Act of 2022 where Americans would get an energy rebate of $100 per month (and $100 for each dependent) for the rest of 2022 in any month where the national average gas prices exceed $4.00 per gallon.

"Americans are feeling the impact at the pump of Vladimir Putin's illegal invasion of Ukraine, and right now we must work together on commonsense policy solutions to ease the financial burden that my constituents are feeling," Thompson said in a news release. "The Putin Price Hike is putting strain on our economy, and I am proud to be working with Reps. Larson and Underwood to introduce this legislation to provide middle-class Americans with monthly payments to ease the financial burden of this global crises."

The rebate follows the same phaseout as the most recent Economic Impact Payments (EIPs) where $100 will be given for single filers earning less than $75,000 and phased out to $80,000. The other part includes $100 for joint filers more than $150,000 and phased out at $160,000.


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