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How much money would I get from the gas stimulus check proposal?

Gas prices have risen in recent weeks.

how much money could you get for gas?

This has left lawmakers scrambling to offer relief for consumers.

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What is the gas rebate act?

Research suggests that the current gas prices could cost the average household about $2,000 a year. In order to help mitigate the price surge, lawmakers have proposed a ‘gas stimulus check’ to ensure Americans can afford gas. Find additional details here.

The gas rebate act has gained some traction in congress. The current suggestion would grant $100 each month as an energy rebate as long as the national average for a gallon of gas remains above $4.

The gas rebate act is modeled similarly after the Economic Impact Payments, better known as stimulus checks. The full $100 would be available to people earning less than $75,000 and joint filers earning less than $150,000.

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Big Oil Windfall Profits Tax

Some people are drawing attention to that gas prices no longer reflect the price of oil. The price of crude oil has lowered sustainably in recent days.

Some claim that the sustained high gas prices are a result of cooperate greed from the oil companies. the Big Oil Windfall Profits Tax was generated to address this.

The goal of the tax is to levy an additional tax on oil companies. The profits would then be distributed among consumers.

The amount offered to recipients would change based on the price of gas. The proposed tax is only levied against the profits made by fuel companies.

The bill is meant to encourage gas companies to reduce their prices rather than distributing federal money to compensate for their profits.

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