California Democrats have unveiled a new proposal that would send a $400 rebate to every taxpayer in the state to help offset the financial pain of surging gasoline prices.
for one full year, 52 trips to the pump for most vehicles," the lawmakers wrote in a letter addressed to Gov. Gavin Newsom. "Notably, we believe a rebate is a better approach than suspending the gas tax – which would severely impact funding for important transportation projects and offers no guarantee that oil companies would pass on the savings to consumers."
During a Thursday press conference, Assembly members argued the rebate is a better option than temporarily suspending the 51-cent-per-gallon gas tax because it provides recipients more leeway in how they use the money. They suggested they want the money to go out as soon as spring. California state Republicans introduced a bill in January that would immediately suspend the gas tax in response to the surging prices and backfill the projects from the state's $45 billion surplus, but the proposal failed to secure enough votes on Monday.
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