$100 Gas Rebate

[bucks4me]

This would be pretty nice but I highly doubt it will happen.

Senators to push for $100 gas rebate checks

Under proposal, every U.S. taxpayer would get one

From Dana Bash
CNN

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Filling your car with gas these days can be an eye-opening -- and a wallet-emptying -- experience.

WASHINGTON (CNN) -- Every American taxpayer would get a $100 rebate check to offset the pain of higher pump prices for gasoline, under an amendment Senate Republicans hope to bring to a vote Thursday.
However, the GOP energy package may face tough sledding because it also includes a controversial proposal to open part of the Arctic National Wildlife Refuge in Alaska to oil exploration, which most Democrats and some moderate Republicans oppose.
Democrats are also expected to offer their own competing proposal, as members of both parties jockey for political position on the gas price issue.
The energy package, sponsored by Sens. Charles Grassley of Iowa, Ted Stevens of Alaska, Pete Domenici of New Mexico and Rick Santorum of Pennsylvania, will be offered as an amendment to an emergency spending measure now before the Senate funding the Iraq war and hurricane relief, according to a senior GOP leadership aide.
Under Senate rules, either the GOP amendment or the Democratic alternative would probably need 60 votes to pass, which is considered unlikely. However, the amendments would give senators a change to cast votes on measures designed to help constituents being hit by high gas prices.
As outlined by the senior GOP leadership aide, the energy package would give taxpayers a $100 rebate, repeal tax incentives for oil companies and allow the Federal Trade Commission to prosecute retailers unlawfully inflating the price of gasoline.
The measure would also give the Transportation Department authority to issue fuel efficiency standards for passenger vehicles, expand tax incentives for the use of hybrid vehicles and push for more research into alternative fuels and expansion of existing oil refineries.
The GOP senators are also calling on the Bush administration to suspend deposits into the Strategic Petroleum Reserve for six months to increase the nation's oil supply. President Bush announced Tuesday that he would halt new deposits into the reserve until after the summer driving season. (Full story)
On the other side of the aisle, Democrats on Wednesday called for a new energy bill and federal legislation to punish price gougers.
"There's no reason why we can't put forth a real energy policy that addresses the needs of this nation," said Rep. Bart Stupak, a member of the House Energy and Commerce Committee, "from gouging to market manipulation to biofuels. We can do it." (Full story)
And leaders of the Senate Finance Committee on Wednesday asked the Internal Revenue Service to let them examine the tax returns of the nation's 15 largest oil and gas companies, as part of a "comprehensive review" of oil industry profits.
"I want to make sure the oil companies aren't taking a speed pass by the tax man," said Grassley, the committee's chairman, in a written statement. (Full story)

[gbearbuck]

spend, spend, spend... it isn't their money. funny how the primaries are around the corner...

[Buckeyeskickbuttocks]

First, let me say, yes, something is better than nothing.

Now - the last time I got gas, Tuesday, I figured out at the current price, I will spend about $1,000 dollars more this year in gas than last year. ANd I don't even drive for a living. A hundy? Gosh. Thanks.

Second, if the friggin Oil Co's are indeed gouging, how does this rebate at all adress that problem?

I'll still take the hundy, don't get me wrong, but come on... It's obviously a election tactic, "Hey, we gave you 100 bucks! Re-elect me!"

[scarletandgrey]

Sweet extra beer money!!!!

[martinss01]

Originally Posted by Buckeyeskickbuttocks

Second, if the friggin Oil Co's are indeed gouging, how does this rebate at all adress that problem?

bingo! if this were coming out of opec's pockets i might feel different about it. but... isn't this kinda stupid? if you have 100 bucks of my money that you can give me back because i spent so much on fuel... wtf did you tax me the extra hundred bucks in the first place for? how about just not taking my money that you obviously don't need to begin with?

[illinoisbuckeye]

I highly doubt they will give every taxpayer 100 dollars. I only paid the government something like 85 dollars in total taxes and should get a refund check for 24. I highly doubt they will give me 100 dollars in free gas

[Piney]

Remember when they gave every taxpayer $300? Oh yeah, then forgot to tell them that it was an advance from next year's taxes? Why do I see this $100 being very similar???

[Ghost Recon]

They can keep the hundo, how about doing away with the oil and gasoline tax. Everyones [censored]ed at the oil companies, I bet the government has brought in more $$ in taxes than the oil companies in profits.