The inflation story that keeps raising the cost of living has an unsolvable Catch-22. A new round of stimulus payments will simply worsen inflation by infusing more money into the economy,
despite the fact that average people, particularly low-income families, need financial aid to cope with rising costs.
The direct payments and extended tax credits from the epidemic years are no longer available, notwithstanding early-year negotiations.
With stimulus funds that are far lower and more specifically targeted, some states are seeking a medium ground.
The Gas Rebate Act of 2022 was sponsored in March by a number of Democratic lawmakers. In order to help qualified taxpayers deal with rising gasoline prices,
the legislation would provide them with $100 per month and an additional $100 per month for each qualifying dependant. Eligibility would be determined by income.