Democrats purposing 2k per person every month.Suspending Mortgage/credit card etc payments

[bnew]

Trump came out and said it will be alot more than 1,000 dollars.

BREAKING: Trump says stimulus checks will be ‘much more’ than $1,000

Who gets the checks?

Despite some mixed reports that “all” Americans will get a check, experts have pointed out some of the limitations of the stimulus. According to a review of the plan by Slate, Americans with little to no tax liability will receive less than the often talked about “$1,000.” Instead, they will be eligible for a minimum payment of $600. That would apply to many of the working poor, who likely are most impacted by the now sluggish economy due to coronavirus. Those who earned less than $2,500 will get nothing at all.

“Low-wage workers who don’t have a federal tax return for 2018 or 2019—adults generally aren’t required to file one they if earn less than the standard deduction—also won’t qualify for the early rebate,” according to the Slate report.

The direct cash payment plan to help Americans hurt by the coronavirus pandemic, unveiled by Senate Republicans Thursday night, would send checks of up to $1,200 per person, but the exact amount will be based on income.



Majority Leader Mitch McConnell, R-Ky., shared some details on the plan Thursday. Individuals making up to $75,000 annually would be eligible for a $1,200 check from the federal government.

The cash will be delivered in one-time payments, for now. President Donald Trump and Treasury Secretary Steve Mnuchin had in recent days pushed for Americans to receive two payments.

Other variations of the stimulus apply to married couples who file their taxes jointly. Those couples who make less than $150,000 to qualify for their payment, which would be $2,400.

According to McConnell's proposal, the payments decrease from there. For individuals, the sum of the payment falls by $5 for each $100 earned over $75,000.

Who else won’t get a check?
Anyone making more than $99,000 annually will not see a check, according to the proposal.

Married couples earning more than $150,000, the payment also declines gradually and phases out completely for couples making more than $198,000, according to the plan.

The plan is still in the works, but the Treasury Department has proposed two $250 billion cash infusions to individuals: the first set of checks issued starting April 6, with the second wave in mid-May.

they half-assed it, economy ain't recovering no time soon.

 

[Silkk]

Trump came out and said it will be alot more than 1,000 dollars.

BREAKING: Trump says stimulus checks will be ‘much more’ than $1,000

Trump doesn’t know or decide shyt.

 

[Silkk]

I had to check twice but my statement is pushed back. has to be their own doing

Who you with?

 

[humminbird]

Who you with?

american express
my bank of america card still shows that they want payment.

 

[Silkk]

american express
my bank of america card still shows that they want payment.

Must be nice, Chase & Cap one want they shyt too

 

[richaveli83]

What the hell does cancelling student loan debt have to do with the coronavirus? This is stuff that bugs me and that I can’t get with, with Dems. We shouldn’t just be arbitrarily cancelling the poor decisions of the public.

Pause payments, create more debt forgiveness programs, reduce interest to near zero, curb predatory loan practices, but don’t just cancel debt. If that was the case I could have gotten my MBA five years ago instead of not going to grad school avoiding the student loan debt that comes with it.

I think at the most hold off on student loan payments for 6 months to a year.

 

[richaveli83]

That's BS about people making over 75k not getting anything or a lesser amount. If you make $75k a year in Texas, Mississippi, or anywhere in the deep south then you can live real good. 75k in NYC and the Bay area not so much. Bottom line is cut the check!

 

[Silkk]

That's BS about people making over 75k not getting anything or a lesser amount. If you make $75k a year in Texas, Mississippi, or anywhere in the deep south then you can live real good. 75k in NYC and the Bay area not so much. Bottom line is cut the check!

Plus they basing it off 2018, them mofos could either be unemployed right now, still in the same spot, or be making double that now.

 

[eufemism]

So are they suspending loan payments?

 

[Kyle C. Barker]

That's BS about people making over 75k not getting anything or a lesser amount. If you make $75k a year in Texas, Mississippi, or anywhere in the deep south then you can live real good. 75k in NYC and the Bay area not so much. Bottom line is cut the check!

that $75k number definitely favors red states.






State Median Household Income

Alabama $49,396.00
Alaska $68,400.00
Arizona $62,311.00
Arkansas $49,778.00
California $70,001.00
Colorado $72,620.00
Connecticut $73,011.00
Delaware $65,002.00
District of Columbia $85,101.00
Florida $54,401.00
Georgia $56,000.00
Hawaii $80,000.00
Idaho $58,729.00
Illinois $70,000.00
Indiana $59,690.00
Iowa $68,844.00
Kansas $63,726.00
Kentucky $54,616.00
Louisiana $49,665.00
Maine $58,001.00
Maryland $86,051.00
Massachusetts $86,651.00
Michigan $60,002.00
Minnesota $72,070.00
Mississippi $43,000.00
Missouri $61,110.00
Montana $58,000.00
Nebraska $67,653.00
Nevada $61,900.00
New Hampshire $81,000.00
New Jersey $74,100.00
New Mexico $48,000.00
New York $67,105.00
North Carolina $52,943.00
North Dakota $66,005.00
Ohio $61,398.00
Oklahoma $54,005.00
Oregon $69,358.00
Pennsylvania $64,305.00
Rhode Island $62,341.00
South Carolina $57,090.00
South Dakota $59,344.00
Tennessee $55,601.00
Texas $59,703.00
Utah $76,613.00
Vermont $69,844.00
Virginia $76,786.00
Washington $79,801.00
West Virginia $50,180.00
Wisconsin $62,676.00
Wyoming $62,002.00

 

[Dameon Farrow]

I’m sure plenty will be “lost in the mail “

should just do direct deposit for everyone who chose direct deposit on their taxes for a tax return. And send a check for those that wanted a check. For those that owed, just default to mailing I suppose. It's 2020...should be able to do all this crap through an app.

 

[duncanthetall]

Why are you in your feelings over other people receiving help with their loans?

People in this country are so fukking selfish. That’s why we don’t have good things.

 

[knickscity]

Well, I hope this plan truly is with more to come. Americans are gonna need way more help than this when this pandemic gets much worse.

I don't qualify based on this proposal, but I hope the majority of our people do.

 

[bnew]

After I already paid my student loan off.


Senate Democrats propose canceling $10,000 in student debt for all borrowers amid coronavirus
PUBLISHED THU, MAR 19 20201:54 PM EDTUPDATED 6 HOURS AGO

Senate Democrats propose canceling $10,000 in student debt for all borrowers amid coronavirus

Congrats. Many others didn't have that chance. What does your clearance of student loan debt have to do with the people who are still burdened by it?

What do they have to do with me?

 

[Stir Fry]

Other variations of the stimulus apply to married couples who file their taxes jointly. Those couples who make less than $150,000 to qualify for their payment, which would be $2,400.

I'm cool with $1,200, but what's the tax penalty on this? Can it be taken out beforehand?