For a long time, Stimulus Checks have been teased. There have been numerous reports and speculations about the impending arrival of various new checks. All of them, however, ended in disappointment. The report was deemed false, as the federal government has no intention of enacting another stimulus package. Unfortunately, the current state of affairs in the United States of America is far from stable.
While the economy has begun to stabilize somewhat, the rate of inflation continues to rise with each passing day. The year 2022 will have the highest cost of living in recent memory. Most families in the country are feeling the heat. They are having financial difficulties managing their households.
The conflict between Ukraine and Russia has added icing to the cake. As a result of the war, oil and gas prices have risen significantly. The majority of people are calling for another government stimulus package. Sheldon Whitehouse has presented the government with a similar petition. Let’s take a closer look at the story in detail below.
Sheldon Whitehouse is a prominent member of the United States Senate. He has introduced legislation dubbed the “Big Oil Windfall Profits Tax.”
This bill seeks to provide significant relief from skyrocketing gas prices. The proposal states that the bill will provide $240 to single filers.
Joint filers will be entitled to $360.
Payments are available to single filers who meet the eligibility criteria of $75,000. For joint filers, the qualifying amount has been set at less than $150000 per year.
However, whether the bill is approved or not remains to be seen.