Lawmakers Propose inflation-Causing Stimulus to Combat Rising Prices

Lawmakers in California, Connecticut and Illinois have proposed a bill, called the Gas Rebate Act, that would give every American $100 each month if gasoline costs over $4 per gallon to help offse rising inflation. Representative Ro Khanna (D-CA) and Senator Sheldon Whitehouse (D-RI) have put forth a second proposal, one that would tax oil and gas companies in order to provide a quarterly rebate to consumers. The oil and gas companies will raise their prices to pay the tax, resulting in higher gasoline and fuel prices, which is counter-productive. Meanwhile, California Governor Newsom wants to give out $400 debit cards to car owners, per car, up to two vehicles. Leaders cannot stimulate their way out of the bad economy that they created

The mainstream media is blaming Russia for the rise on gas prices, but Russia only supplies 4% of our oil. Prices have gone up by 90% since Biden took office. We were energy independent less than two years ago.

https://needtoknow.news/2022/03/%EF%BF%BClawmakers-propose-inflation-causing-stimulus-to-combat-rising-prices/