Go Natural Gas Rebate – The idea of introducing gas rebate cards has been discussed in Washington for a while with the potential of providing consumers with financial assistance, particularly considering that gasoline prices reached $5 per gallon last week. However one White House official says the Biden administration is not going to advocate for a program like this, since it’s difficult to run and requires Congressional approval. A gas credit card might be a good temporary fix however there are numerous issues to be worked out before it becomes something that is feasible for American customers.
Go Natural Gas Rebate from Federal Government
The federal government hasn’t adopted the Gas Rebate Act in 2022, however it is looking into such an option, and a few cities and states have already approved legislation for it. The purpose of these rebates is for helping people deal with rising prices. While not a federal program, many of these rebates are provided through state governments who have surplus funds. The federal government should take into consideration this as a feasible way to address the current high prices of fuel and other products.
A few states have tried to cut down on their gas tax and are looking into offering reimbursements for residents. Certain states, such as New York, are considering taking the gas tax off completely or offering a small discount. The governor has also proposed tax breaks for renters as well as homeowners who pay their gas taxes over their federally minimum. He even proposed reducing the gas tax by fifty percent when the median price for fuel without leaded hits $4.51 per gallon during the summer. Some political leaders in New York state have also support the idea of suspending state gas tax, which is 33.3 cents per gallon.
These aren’t available in every state.
While the federal government is not seeking to create any sort of stimulus package state lawmakers and President Biden have made a number of proposals that will help consumers. This includes a three-month period of a gas tax vacation. As of late June there is nothing concrete being examined by Congress. It will take a few months before gas rebates begin to roll out in all states. While President Obama has offered to extend a national gas tax holiday and has not yet found an acceptable legislation to finance it.
They are controversial
It doesn’t matter what the politics of the idea, gas rebate cards are an important tool to help Americans combat the high cost of gas. However, they’ve received some criticism. Just two months ago House Democratic counsel had a negative view of the plan, concluding that it could cause inflation, was too expensive, and was not well targeted. Before that, high-ranking White House aides raised concerns about the rebate cards because it was not enough microchips.