Lawmakers are proposing ways to provide some relief at the pump as record-high gas prices hit drivers in the wallet.
The money would go to everyone who has a car registered with the state. For people who don't have cars, Newsom wants the state to pay for their bus or train fare for three months, according to the Associated Press.
Connecticut lawmakers have moved closer toward temporarily suspending the state's 25-cent-per-gallon excise tax on gasoline in a bipartisan effort to ease the pain at the pump for motorists. .KEMP SIGNS LAW SUSPENDING GEORGIA GAS TAXES THROUGH MAY Oregon Rep. Peter DeFazio’s proposal calls for families to receive a monthly tax credit. The measure would come from a one-time tax on oil companies.
"Big Oil will pay a one-time, 50 percent windfall profit tax on any adjusted taxable income in 2022 that exceeds 110 percent of their average ATI during pre-pandemic levels between 2015-2019," said DeFazio. An earlier proposal from Rep. Ro Khanna of California and U.S. Sen. Sheldon Whitehouse of Rhode Island, calls for a quarterly rebate with the money raised by taxing oil companies.
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