$200 Stimulus Check For North Carolina Residents

Stimulus Check
Stimulus Check

The cost of gas continues to rise across the United States, putting further pressure on consumers at the pump. Proposals to assist drivers have been made around the country, ranging from a gas tax holiday, which just went into effect in New York, to stimulus checks, which were authorized in Maine.

North Carolina Democrats are attempting to persuade their Republican counterparts to do the latter. Senate Democratic Leader Dan Blue stated, “We want to put more cash today.” Republicans in charge of the legislature, on the other hand, would like to implement longer-term tax cuts rather than a one-time move.

On May 26, Democrats proposed Senate Bill 897, which would earmark $1.3 billion of the state’s expected over $4 billion budget surplus from the previous year. Residents of North Carolina who are 18 or older as of March 31, 2022, and are licensed drivers would receive a $200 stimulus check under the idea.

Gas Stimulus Check For Drivers

Supporters are considering expanding the payouts to younger Tar Heel citizens, but “we have to do that in a way that doesn’t harm the bottom line of the legislative budget preparation,” according to Blue. If authorized, the reimbursement would be given no later than October 1, 2022, in the form of a stimulus check or a debit card. North Carolina’s average gasoline price, at $4.49 per gallon on June 4, is lower than the national average, which has risen to just shy of $4.82 per gallon.

According to AAA, gas prices have jumped by more than 55 percent from the same time last year, when a gallon of normal costs $2.89 on average across the state. Russia’s invasion of Ukraine, followed by sanctions on its fossil resources, has further worsened the situation, with prices already above $100 for the very first time since 2014. Despite President Biden authorizing the greatest release of strategic reserve barrels in US history, the one million barrels per day have failed to appreciably reduce price pressure.

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