As inflation plagues Americans at the gas pump, there are new proposals for a fourth stimulus check to offset rising costs.
There are some key similarities and differences with these programs.
They specifically target the gas prices rising, and not the overall financial need of living expenses for Americans.
Stimulus: Gas card plan to offset gas prices cancelled
Energy rebate checks that work similarly to stimulus payments
The first proposal is for payments to go directly to Americans to pay for the cost of gas.
Americans could see a monthly payment of $100, with an additional $100 for any dependents they may have.
The payments will go out when the national average for gas reaches over $4 per gallon.
The guidelines are the same as they were for stimulus payments, with single filers qualifying if they make under $75,000.
Married joint filers must make under $150,000.
Stimulus: How can I see my stimulus check history?
Stop Gas Price Gouging Tax and Rebate Act
The act will target households to receive an advanced tax credit, similar to the stimulus child tax credit.
The funding would come from taxing the oil companies.
However much money comes out of the taxes will be what Americans receive.
There was a similar bill proposed March 10 that would pay Americans advanced taxes quarterly.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected]