As the Russia-Ukraine conflict has pushed gas prices higher, some politicians want to give Americans direct payments to help weather the storm
Separately in California, Democratic Gov. Gavin Newsom has a plan to give $400 debit cards to the state's registered vehicle owners. Drivers would be eligible to receive up to two of those tax refund payments.
Prices vary around the country, with states in the Northeast and the West currently facing the highest prices. States, including Maryland and Georgia, are in the process of implementing gas tax holidays. Legislation to temporarily suspend the federal gas tax has also been proposed. But it might not make sense to just target drivers when consumer prices are high overall."That matters for people who are lower income and don't drive, too," Muresianu said."It doesn't make sense when the economy is running very hot, unemployment is low and inflation is very high," Muresianu said.Gas prices stay high as people line up for discounted prices at Costco. Regular at $5.39 per gallon.
Khanna and Whitehouse's proposal for rebates of about $240 per year for single filers and $360 per year for joint filers would also phase out for those earning over $75,000 or $150,000, respectively. Democrats' Build Back Better package, which included additional monthly child tax credit payments of up to $300 per child, has stalled on Capitol Hill. Consequently, it is unclear whether there is political appetite to send more direct payments to Americans at this time.Medianews Group/east Bay Times Via Getty Images | Medianews Group | Getty Images
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