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One proposal is a federal gas stimulus check that would give eligible Americans $100 a month through the end of the year, or for as long as the price of gas exceeds $4 a gallon, CNET reported.
A proposed $400 tax rebate to help Californians deal with high gas prices draws support, but don't expect to see any checks in the mail next week.
Drivers in 10 California counties can get gas rebates due to a price gouging settlement between the state and three gas trading firms.. In 2020, the California Department of Justice sued Vitol ...
A California budget plan calling for as much as $1,050 deposited into the bank accounts or distributed via debit card to California taxpayers is in the works. However, Californians may not see the...
Last, the total impact of the tax can be observed. The equilibrium price of the good rises and the equilibrium quantity decreases. The buyers and sellers again share the burden of the tax relative to their price elasticities. The buyers have to pay more for the good and the sellers receive less money than before the tax has been imposed.
“Middle-Class Tax Refund payments have been sent out to Californians to help with the high price of gas and cost of living. Californians could receive payments between $200 to $1,050 ...
When the CBO did a revised forecast to account for the removal of the rebate, the CBO estimated an increase of unemployment rate of 0.2 percent. The increase in unemployment would result in a loss of 280,000 jobs in 1977, while the forecast for unemployment for 1978 remains unchanged. [21]
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