Legislation for a Fourth Stimulus Check is Still Stalled in Congress – In the face of rising food, gas, and consumer goods prices, US senators can’t agree on whether the government should issue further stimulus checks to taxpayers.
Even with the proliferation of the Omicron variation of COVID-19, the Biden White House has not publicly expressed any interest in releasing additional stimulus checks. While prices are rising, unemployment has been steadily decreasing since the economy reopened.
What does the law say?
Rep. Mike Thompson, a Democrat from California, stated in March that he will present legislation that would provide Americans with energy rebate cheques.
Reps. Lauren Underwood and John Larson joined him in co-sponsoring the bill, which he dubbed the Gas Rebate Act of 2022.
The legislation’s goal was not to offer money to replace lost wages but to assist Americans in paying for petrol as prices continue to climb.
“Americans are suffering the financial cost of Vladimir Putin’s illegitimate invasion of Ukraine at the pump,” Thompson said at the time.
“Right now, we must work together on practical policy measures to lessen the financial burden that my people are facing.”
If the law passes, it will send a $100 energy rebate check to Americans earning less than $75,000 if they file their taxes alone, and less than $150,000 if they file jointly.
For single taxpayers earning up to $80,000 and joint filers earning up to $160,000, the check would be decreased. No one with a higher income would be eligible for the payment.
Where is the Legislation Now on the Stimulus Package?
The bill was referred to the House Ways and Means Committee after Thompson introduced it.
The Body on Ways and Means in the House of Representatives’ major tax-writing committee, is in charge of overseeing legislation relating to taxation, tariffs, and revenue-raising initiatives. It is also in charge of unemployment insurance and social security legislation.
The bill has been stuck in committee since March and has not moved forward.
- The $150 Gas Stimulus Cards Are Now Available!
- Update on the Stimulus: Are You Among the Millions of Americans Eligible for a Gasoline Tax Credit?
- What Is the $400 Gas Stimulus Cheque Suggested by California Governor Gavin Newsom?
However, this does not rule out the possibility of legislation being introduced. Rep. Thompson says he’s “dedicated” to working with House leadership to find a way to get the bill to the House floor, where legislators will vote on whether to advance or kill it.
It’s unclear whether legislators would approve the bill, but US President Joe Biden rejected a similar proposal in March.
The White House considered distributing prepaid cards that could be used at gas stations but decided against it in favor of focusing on cost reduction.