What is Governor Newsom's proposal for gas in California?
Governor Newsom proposes that everyone in the state receive a $400 debit card to help offset the high prices at the pump. Each individual would get one card, but the proposal says it will cap out at two cards per household.
He also wants to temporarily add $523 million to temporarily halt the adjustment to the gas excise tax and $600 million to stop sales taxes on diesel fuel for one year.
What are the requirements, and when will they be implemented?
Every California resident who owns a vehicle qualifies for the debit card if the proposal goes through, with up to two cards per household. There are no income requirements to worry about, as state officials would go by car registration information and not by income taxes or other financial documents.
As of right now, it needs to be brought to the state legislature to get hashed out with Newsom's administration. If it goes through as intended, the debit cards could go out as soon as July.
But, some members of the house are concerned that it's too far away and that residents of the state need them mailed out now.
Because the state already has one of the highest reports regarding the cost of living, add to the increasing inflation, and you have a state in desperate need of help. Representatives plan to force a vote soon to stop the gas tax.
Will the California gas proposal be beneficial to its residents?
While it may help offset some of the costs, one must wonder if the proposal would really help in the long run. When you think about it, the high fuel prices fall on the state wanting to encourage more electric vehicle purchases and less fuel getting burned up in the environment.
Having $400 to pay for the gas at the pump will likely help for only a couple of fuel-ups, as some areas report paying over $6 a gallon. That will eat up the money given by the state rather quickly.
Unless curbed, fuel will continue to rise, making it harder for residents to gas up their vehicles to get around.
Other ways to save money to help offset fuel costs