Members of Congress have introduced the Gas Rebate Act of 2022 which aim to send Americans an energy rebate of $100 per month.
Last week, , Reps. Mike Thompson (CA-05), John Larson (CT-01), and Lauren Underwood (IL-14) introduced the Gas Rebate Act of 2022 to address high gas prices by sending Americans 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,” said Thompson. “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):
- $100 for single filers earning less than $75,000 and phased out to $80,000
- $100 for joint filers earning more less than $150,000 and phased out at $160,000
Last week, Governor Gavin Newsom has proposed $400 in direct payments to Californians per vehicle (capped at 2). Meanwhile, California State Democrats introduced a $400 cash rebate to every California taxpayer. According to the proposal, they would use $9 billion of the states budget surplus to provide a $400 rebate which would cover the current 51.1 cent per gallon gas tax for one full year of weekly fillips for a car with a 15 gallon gas tank.
This comes as the US average for a gallon of gas stands at $4.24 Tuesday according to AAA. Meanwhile, California is at $5.91 per gallon.
California average gas prices
|Week Ago Avg.||$5.866||$6.061||$6.196||$6.264|
|Month Ago Avg.||$4.827||$5.009||$5.141||$5.062|
|Year Ago Avg.||$3.897||$4.077||$4.201||$4.033|
Further currency debasement. Reject.
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