USA finance and payments live updates | Gas stimulus check, tax deadline 2022, Social


Could a ‘gas stimulus check’ be on the way in the US?

Three US lawmakers have introduced a bill that seeks to give Americans an ‘energy rebate’ of up to $100 a month amid high gas prices.

Representatives Mike Thompson, John Larson, and Lauren Underwood have tabled the Gas Rebate Act, which proposes giving single filers earning less than $75,000 a year a monthly payment of $100 until the end of 2022 “in any month where the national average gas prices exceed $4.00 per gallon”.

Joint filers with a combine income $150,000 would also get the full amount. Single filers earning up to $80,000 would get a gradually smaller amount, while the phase-out limit for joint filers would be $160,000.

Eligible Americans would also get a further $100 per dependent.

“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 statement.

The legislation would “provide middle-class Americans with monthly payments to ease the financial burden of this global crises”, Thompson added.



Read More: USA finance and payments live updates | Gas stimulus check, tax deadline 2022, Social

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