Gas Stimulus Money: Here Are the Recipients of $100 if a New Bill Is Passed.
A group of federal legislators is pushing for legislation that would reward some people with $100 monthly stimulus payments if petrol prices rose above $4 per gallon.
However, not everyone would be eligible.
Reps. Mike Thompson (D-CA), John Larson (D-CT), and Lauren Underwood (D-IL) sponsored the Gas Rebate Act of 2022 in response to rising gas costs. The current national average cost a gallon of gas is $4.24, up from $3.61 a month ago and $2.86 a year ago, according to AAA.
Every time the national average price of a gallon of petrol exceeds $4, the proposal would give customers $100. Individuals must earn $75,000 or less to qualify. Joint filers must make $150,000 or less. Dependents would be eligible for $100 per month as well.
Individuals earning more than $80,000 and joint filers earning more than $160,000 would see payments phase off.
These income thresholds are based on prior stimulus handouts. The first stimulus payment of $1,200 was made in March 2020 per individual, followed by $600 in December 2020 and $1,400 in March 2021.
There is no information available on how the payments would be funded. The bill was presented in the House and is now assigned to the Ways and Means Committee.