Several reports over the holiday weekend indicated that the Biden administration is contemplating a few possibilities as a fresh stimulus plan to address rising gas costs. A decision on a gas tax break is expected to be made before the end of the week, according to the Washington Post. Americans might save “18.4 cents per gallon at the pump,” according to reports.
“Yes, I’m considering it,” he said over the holiday weekend, according to the news outlet, adding, “I hope to have a decision based on the data.” All taxes on the price of fuel would be eliminated during the gas tax holiday. President Obama is also exploring rebate cards, which might help millions of Americans at the pump.
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“That’s part of what we’re considering,” Joe Biden added about the cards. “That’s part of the whole operation.” Rebate cards have been under consideration for months, according to a report from The Washington Post. However, a gas tax holiday is more likely due to the difficulty in producing enough cards due to the paucity of U.S. chips.
There is no doubt that the Senate is divided on the issue of providing Americans with direct relief, even if the gas tax holiday requires “congressional action.”
Which States Are Sending Out Gas Checks?
If you filed your 2021 tax returns by June 30, 2022, Colorado will send you up to $500. Residents of Delaware, the state in which President Biden was born, have begun receiving $300 stimulus payments in the mail.
The state of Georgia is choosing who will receive stimulus funds based on their tax filing status. For more such updates do follow us only on Lee Daily