To assist offset the soaring cost of fuel, certain Americans may receive monthly stimulus checks of up to $100. Reps. Mike Thompson (D-Calif.), John Larson (D-Conn.), and Lauren Underwood (D-Ill.) have introduced a new bill dubbed the Gas Rebate Act. Individual and joint tax filers would each receive a $100 monthly energy rebate under the bill.
The law also includes a $100 stipend for each dependent. A family with two children might get up to $300 in monthly rebate checks as a result of this.
Single filers earning less than $75,000 per year would be eligible for the entire payment, while joint filers earning less than $150,000 would also be eligible. For single taxpayers earning $80,000 per year and joint filers earning moreover $160,000 per year, the checks would be phased away.
Payments would be made for the remainder of 2022 in months when the national average petrol price exceeds $4.00 per gallon. According to data from the American Automobile Association, the average price per gallon for normal gas was $4.242 on Tuesday.
“Americans are suffering the financial cost of Vladimir Putin’s illegal invasion of Ukraine at the pump,” Rep. Thompson said in a statement. “Right now, we must work together on practical policy measures to lessen the financial burden that my people are feeling.”
“The Putin Price Hike is putting a strain on our economy, and I’m glad to be working with Reps. Larson and Underwood to draught legislation that will provide middle-class Americans with monthly payments to help them cope with the financial weight of the global crisis.”
The Gas Rebate Act omitted any details about how the monthly payments would be paid. It’s still unclear whether the bill will pass Congress. The suggestion comes more than a month after gas prices in the United States reached new highs.
The bill also comes less than a week after Assemblywoman Cottie Petrie-Norris, D-Calif., proposed sending $400 payments to every taxpayer in the state to aid with rising fuel, goods, and service costs. The payouts would be covered by a share of the state’s budget surplus, according to the proposal.