- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Stimulus: Income thresholds of $75,000 for individuals $150,000 for couples
Posted on 3/19/20 at 9:09 am
Posted on 3/19/20 at 9:09 am
quote:
Senate GOP negotiators are eyeing income thresholds of $75,000 for individuals and $150,000 for couples for the direct payments President Trump has proposed to ease the economic impact of the coronavirus.
Republican senators say they want to model direct payments on the stimulus checks former President George W. Bush sent out in 2008 during the financial crisis. Twelve years ago, the rebates were reduced for individual incomes above $75,000 and joint incomes above $150,000.
GOP lawmakers caution, however, that they haven’t yet finalized the proposal, which remains under negotiation.
quote:
A second Republican senator familiar with the proposal confirmed negotiators are looking at phasing out direct payments at $75,000 in individual income and $150,000 in joint income.
The lawmaker said one possibility under discussion would be to provide “$1,200 for each adult and maybe $500 for kids.”
quote:Didn't they already bloat unemployment insurance?
But not all Republicans are on board yet with the idea of direct payments.
Sen. Lindsey Graham (R-S.C.) said after a lunch meeting Wednesday that the money would be better spent on beefing up unemployment benefits.
“I think it makes sense later, not now. Here’s what people are worried about today: ‘I lost my job.’ The unemployment benefit in South Carolina is $323 a week,” Graham said. “That’s not nearly enough to take care of the needs of most Americans."
“What we’re talking about doing is for the federal government to make up the difference between whatever your unemployment check is at the state level up to 75 percent of your income if you make $80,000,” Graham said.
thehill.com
46
Posted on 3/19/20 at 9:10 am to cajunangelle
quote:I can't catch a break...
individual incomes above $75,000 and joint incomes above $150,000.
Posted on 3/19/20 at 9:12 am to cajunangelle
Everyone or no one
Posted on 3/19/20 at 9:12 am to cajunangelle
What’s Rand say?
Posted on 3/19/20 at 9:13 am to cajunangelle
We made it (on recorded income)!
Posted on 3/19/20 at 9:13 am to cajunangelle
nm
This post was edited on 5/21/20 at 1:57 pm
Posted on 3/19/20 at 9:13 am to cajunangelle
quote:
Sen. Lindsey Graham (R-S.C.) said after a lunch meeting Wednesday that the money would be better spent on beefing up unemployment benefits.
God, is Miss Lindsey the only serious person in Congress right now? Do they not know how many temp jobs could fill in the gaps for people who got laid off?
Nope, lets go straight to helicopter money. Something that used to be a joke is now seriously being considered. Don't want to hear it ever again from the "cost of living too high" crowd.
Posted on 3/19/20 at 9:13 am to cajunangelle
Let’s do this right.
Individual income limits of $200k, household income of $350k.
It’s only fair.
Individual income limits of $200k, household income of $350k.
It’s only fair.
Posted on 3/19/20 at 9:14 am to the808bass
Posted on 3/19/20 at 9:15 am to Tiguar
It’s my money and I need it now.
Posted on 3/19/20 at 9:15 am to LSURussian
quote:
income thresholds of $75,000 for individuals
If only they'd apply that to current income made in 2020 at the time of the stimulus
Posted on 3/19/20 at 9:17 am to cajunangelle
No checks here
Posted on 3/19/20 at 9:17 am to cajunangelle
So once again those already paying the majority into the system get the shaft.
I don't need a stimulus check, but I sure as hell would like to get back some of the absurd amount the government picked from my pocket last year.
I don't need a stimulus check, but I sure as hell would like to get back some of the absurd amount the government picked from my pocket last year.
Posted on 3/19/20 at 9:18 am to cajunangelle
I think direct, blind payments, is a bad idea. There should be some kind of means testing.
Posted on 3/19/20 at 9:18 am to Folsom
quote:Sen. Rand Paul (R-Ky.) said he also would prefer boosting unemployment benefits instead of direct payments, which would also go to people who haven’t lost work because of the crisis.
What’s Rand say?
“I think the best way to help people who are out of work from quarantine and the coronavirus is through unemployment benefits,” he said. “I think it should be related to employment or unemployment.”
“If you’re still employed and doing well, why would we want to send you $1,000? It just seems to me fiscally irresponsible just to send everybody money. The main reason people are not spending money is not because they lack money but because of fear of the virus,” he added.
A Republican senator who requested anonymity to voice concerns about direct payments wasn't in favor of the policy but noted the decision has already been made to include them in phase three of the stimulus package.
“If I was drafting the bill, it would not be in the bill,” the lawmaker said. “I don’t think it’s a terribly effective way to fix” the economy.
But the GOP senator said it’s a moot point.
“It’s in there, and it isn’t coming out,” the senator said.
Posted on 3/19/20 at 9:18 am to the808bass
quote:
It’s my money and I need it now.
Damn you for putting that jingle in my head.
Posted on 3/19/20 at 9:19 am to cajunangelle
Hahahaha, this is the hill Republicans want to die on? It’s a fact that there are people who make $75k who still need the help.
Posted on 3/19/20 at 9:19 am to sacrathetic
quote:good question, I would also presume 2018.
For which tax year? Can't be 2019 because many people still haven't filed yet.
Posted on 3/19/20 at 9:21 am to cajunangelle
but the casino's and strip clubs are closed.....
Posted on 3/19/20 at 9:22 am to Roll Tide Ravens
quote:
It’s a fact that there are people who make $75k who still need the help
Exactly.
Page 1 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News