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USA finance and payments live updates: gas stimulus check, tax deadline April 2022, Social Security disability, Child Tax Credit portal, tax refunds…

Some proposals for ‘gas stimulus control’ introduced

Gas Discount Act

Representatives Mike Thompson, John Larson and Lauren Underwood filed the Gas Rebate Act, which: suggests giving eligible Americans $100 per month through the end of 2022 “in any month in which national average gas prices exceed $4.00 per gallon”. Households would also be charged an additional $100 per person.

Profit tax on major oil windfalls

Representative Ro Khanna and Senator Sheldon Whitehouse proposed the Big Oil Windfall Profit Tax, which includes: major oil companies would be charged a 50% levy on the difference between the current and pre-pandemic price of a barrel of oil – a scheme they calculate could bring in about $45 billion a year.

For eligible Americans, this would translate to: an estimated annual payment of approximately $240

Stop the law on inflating the gas price and the discount

Congressman Peter DeFazio’s Stop Gas Price Gouging Tax and Rebate Act Could Be a 50% tax on all income of major oil companies that exceed 110% of their average annual income between 2015 and 2019

The money raised by the tax would then be distributed to people in the US as part of a “monthly, advanced and refundable tax credit that is tapered to income

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