California Residents Can Expect to Receive $400 in Gas Credits, Including Those Without Cars
(We Chinese in America Media Editor Tang Zhao, March 18, 2022) California plans to provide residents with gas tax rebate subsidies. (AAA)
The California Legislature plans to introduce a bill to provide a $400 gasoline tax rebate for each taxpayer in California to relieve the financial pressure on residents due to high oil prices. (California plans to provide residents with gas tax rebate subsidies. Photo from Triple A)
The $9 billion tax rebate program is funded by California's budget surplus, which was estimated at more than $45 billion at the beginning of the year. Lawmakers say the $400 rebate could help relieve California residents from paying gas taxes. The $400 petrol rebate will also be paid to taxpayers who do not own or drive a car.
After 11 years, California receives another 760 million special funds
Most of the legislators who proposed the proposal were Democrats. At the same time, according to the Los Angeles Times, some Republican lawmakers want to temporarily suspend the gasoline tax, but the move does not guarantee that oil companies will save money back to consumers, and the temporary suspension of the gasoline tax will also lead to a negative impact on the source of funding for major transportation projects.
Since Russia began its invasion of Ukraine, oil prices have continued to rise across the U.S., especially in California, where taxes are the highest. And high oil prices are not expected to abate anytime soon.
(Source: Compiled from Online Information)
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