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re: Deal is reached!!!

Posted on 3/25/20 at 6:30 am to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/25/20 at 6:30 am to
It is my understanding that it is 2018 AGI.
Posted by Lsut81
Member since Jun 2005
83750 posts
Posted on 3/25/20 at 6:31 am to
quote:

It is my understanding that it is 2018 AGI.


I’d imagine it has to be based on 2018, bc a lot haven’t submitted 2019.

Just didn’t know if it was AGI or not.

So what about those that don’t submit taxes
Posted by SSpaniel
Germantown
Member since Feb 2013
29658 posts
Posted on 3/25/20 at 6:31 am to
quote:

That’s a stupid reason... so they get a bonus

Why is it a "bonus"? Depending on where you live, they ain't making a whole lot of money in some areas of the country... and are making alot in others. Some of them, if they lose their jobs, are probably wondering where their grocery money is coming from just as much s someone making 1/2 what they make.
Posted by piggilicious
Member since Jan 2011
37310 posts
Posted on 3/25/20 at 6:32 am to
quote:

If you want to help the ones truly impacted, then you put all that money into unemployment benefits.


I’m kinda tired of helping, now I want to be treated fairly, therefore, I want my damn check like everyone else will be getting.

Posted by Lsut81
Member since Jun 2005
83750 posts
Posted on 3/25/20 at 6:34 am to
quote:

Some of them, if they lose their jobs, are probably wondering where their grocery money is coming from just as much s someone making 1/2 what they make.


Why don’t you read my comments.... Im all for unemployment assistance, but why should someone making 65K a year and still currently working get free money?
Posted by Lsut81
Member since Jun 2005
83750 posts
Posted on 3/25/20 at 6:36 am to
quote:

I’m kinda tired of helping, now I want to be treated fairly, therefore, I want my damn check like everyone else will be getting.


Part of my point too... why should someone who’s making 60k get a check and someone who makes 99k get nothing? If the point is to stimulate the economy that is.
This post was edited on 3/25/20 at 6:37 am
Posted by LSU316
Rice and Easy Baby!!!
Member since Nov 2007
30240 posts
Posted on 3/25/20 at 6:37 am to
That bitch Amash is gonna tank this.
Posted by Revelator
Member since Nov 2008
62017 posts
Posted on 3/25/20 at 6:39 am to
quote:

Part of my point too... why should someone who’s making 60k get a check and someone who makes 99k get nothing? If the point is to stimulate the economy that is.



The greatest irony is that these people paid taxes and deserve compensation and will get none, while many paying no taxes, get more free stuff.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/25/20 at 6:41 am to
quote:

That bitch Amash is gonna tank this.


frick him if he does. However, I think they need 60 votes to pass this and they have 94 senators voting. So, it will take more than just him.
Posted by Lsut81
Member since Jun 2005
83750 posts
Posted on 3/25/20 at 6:43 am to
quote:

The greatest irony is that these people paid taxes and deserve compensation and will get none, while many paying no taxes, get more free stuff.


Exactly... the reason this should have been unemployment, corporate bailout, and payroll tax focused. Not checks
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/25/20 at 6:45 am to
The goal was to keep people employed and not force them on unemployment. That way when things open back up you don't have to go through the hiring process again.
Posted by Lsut81
Member since Jun 2005
83750 posts
Posted on 3/25/20 at 6:46 am to
quote:

The goal was to keep people employed and not force them on unemployment


And a 1k check accomplishes that how?
Posted by thingshavechanged
Member since May 2017
413 posts
Posted on 3/25/20 at 6:48 am to
$600/week unemployment kicker?

IG and oversight Board on the $500 Billion corporate loans/grants?

Payroll tax relief?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/25/20 at 6:50 am to
That part is just to help out. Hell, I will go as far as far as saying to get votes. They are making funds available to the businesses to support payroll so they don't lay off workers.
This post was edited on 3/25/20 at 6:54 am
Posted by Lsut81
Member since Jun 2005
83750 posts
Posted on 3/25/20 at 6:52 am to
quote:

That part is just to help out


Help out what? If you are employed there is no reason you need a check.

If the purpose is to stimulate the economy then give EVERYONE the check.

If the purpose is to help less fortunate then put the money into unemployment insurance or give it directly to the corporations employing people in order to stem the number of layoffs.
This post was edited on 3/25/20 at 6:53 am
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/25/20 at 6:57 am to
quote:

Help out what? If you are employed there is no reason you need a check.


That depends. Just because you are employed doesn't mean you make a lot of money. Now you have kids home that you have to feed. Normally they eat 1 or maybe 2 meals at school. Over a couple of months that could be an extra $1k.
Posted by BilJ
Member since Sep 2003
162152 posts
Posted on 3/25/20 at 7:08 am to
The individual payment feels like it’s to pacify the general public so they don’t scream big business gets all of the breaks

I would have preferred a payroll tax cut and an increased check to those laid off or on furlough
Posted by NaturalBeam
Member since Sep 2007
14793 posts
Posted on 3/25/20 at 7:14 am to
quote:

If the purpose is to help less fortunate then put the money into unemployment insurance or give it directly to the corporations employing people in order to stem the number of layoffs.
Totally agree but a bill like that is DOA. Either have to help both industry and workers or neither.
Posted by Old Hellen Yeller
New Orleans
Member since Jan 2014
9919 posts
Posted on 3/25/20 at 7:14 am to
quote:

Democrats added a provision to ban businesses owned by the president, vice president, members of Congress and the heads of federal executive departments from receiving loans or investments through the corporate liquidity program. The prohibition also applies to their children, spouses and in-laws.



Nice. I have no doubt that trump will find a way to get his cut though
Posted by Big4SALTbro
Member since Jun 2019
22803 posts
Posted on 3/25/20 at 7:16 am to
Yea I’d rather a payroll holiday for the rest of the year than a one time check.

I haven’t read to see what this is going to be calculated off of but it really should be taxable income instead of AGI if I’m going to be selfish.

It should also exclude one time sources of income that jack up 2018 income.
This post was edited on 3/25/20 at 7:19 am
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