Introduced
by
To give individuals with annual incomes below $50,000 a gasoline purchase subsidy equal to half the amount they spend on fuel for traveling to and from work. A 25 percent subsidy could be claimed by those with incomes between $50,000 and $75,000, and a 10 percent subsidy for incomes between $75,000 and $100,000. The subsidies are styled as “refundable” tax credits. The bill does not specify which government spending would be cut or taxes raised to provide these subsidies.
Referred to the Committee on Tax Policy
