According to several articles, this one from MSNBC for example:
Senate Republicans proposed a $100 rebate check for millions of taxpayers Thursday to counter high gasoline costs.
The only limit I could find in any of the articles that I read was an upper income amount of $125,000 for single tax payers and $150,000 for couples. So does this mean you could get the rebate even if you don't have a vehicle that uses gas?
I hate to say this (and never thought I would) but the Democrats' suggestion "for a 60-day suspension of the 18.4 cent federal gasoline tax and the 24-cent a gallon diesel tax" sounds more logical to me. (That's assuming the savings will be passed on to consumers of goods where the cost has risen as a result of the cost of transporting them.*)
Don't get me wrong, I would be quite happy with a check. It would give me more than I would save at the pump in two months with the federal gas tax suspended (not counting on any goods transportation savings being passed on), but it still doesn't mean it makes sense to me.
*It could happen...in a sort of quantum-physics-anything-is-possible sort of way.
Posted by marybeth at April 28, 2006 01:38 AM Politics