Americans are demanding stimulus checks due to soaring gas prices.
While gasoline prices fell slightly last week, they are still $1.28 higher than a year ago, according to AAA, with a national average of $4.15 per gallon.
Some state and federal officials are looking for methods to ease the pain at the pump, fearing that rising costs will hurt consumers’ pocketbooks. The Gas Rebate Act of 2022, proposed by U.S. Representatives Mike Thompson (D-California), John Larson (D-Connecticut) and Lauren Underwood (D-Illinois) would pay monthly payments of $100 to Americans whose average gas price is more over $4 a gallon.
Californians will get $400 in stimulus check
Democratic politicians in the state of California, USA are calling for a $400 tax refund check for taxpayers to help them with the rising cost of everyday goods and services, such as the cost of gasoline. Regardless of how much money they earn, every Californian who pays income taxes would receive a $400 stimulus check to help offset the effect of rising prices. A married couple would earn $800 if the tax money was distributed to individual taxpayers.
Individuals earning over $75,000 per year and couples earning over $150,000 per year would see the Stimulus Check program phased out. Individuals earning over $80,000 per year and couples earning over $160,000 per year will see the program scrapped altogether. However, not everyone thinks that tax refunds reduce the economic effect of rising gasoline prices. Stimulus checks, according to the Tax Foundation’s Alex Muresianu, may not alleviate the problem of post-pandemic supply limits and disrupted oil markets caused by Russia invasion of Ukraine.