Stimulus & Bailout Watch Thread

[Pressure]

Romney knows they're going to have to buy voters. A competent administration would have locked up reelection under this pandemic.

 

[FAH1223]

 

[Deafheaven]

First off is this beneficial overall for the companies. Because only way theyre paying some of this is if they getting over too. I have no faith in corps doing anything morally good

 

[nyknick]

First off is this beneficial overall for the companies. Because only way theyre paying some of this is if they getting over too. I have no faith in corps doing anything morally good

Romney’s Patriot Pay Proposal

How Would Patriot Pay Work?

• For essential employees that make less than $50,000 annualized, employers would receive a 75% refundable payroll tax credit for a bonus up to $12 an hour.
• For essential employees making over $50,000 annualized, the tax credit phases out by $24 for every additional $500 in income until annualized incomes hit $90,000.
• The maximum tax credit is $1,440 per month, per employee, meaning a full-time worker would receive up to a $1,920 monthly bonus.

Who Would Qualify for the Tax Credit?

• Congress and the Department of Labor would designate critical industries including, but not limited to, hospitals, food distributors and processors, and health manufacturers.
• Eligible employers will certify that an employee worked in conditions that increased their potential COVID-19 exposure.
• Eligible employers would qualify for tax credits for employee bonuses provided between May 1 and July 31, 2020. Employees must work at least 100 hours each month they receive the bonus for their wages to be eligible for the tax credit.

How Would Employers Claim the Credit?

• Employers would submit a streamlined claim to the IRS, using the recently created system that already advances the paid leave tax credit.
• Congress should also provide the IRS the authority to partner with payroll companies who may be able to more quickly advance the credit.

I don't think this is even worth discussing because Trump will veto anything with Mitt's name attached to it

 

[FukkaPaidEmail]

Wrong thread

 

[ADevilYouKhow]

Public companies received $1 billion in stimulus funds meant for small businesses — The Washington Post

 

[ADevilYouKhow]

garbage

 

[F K]

garbage

If all repubs were like Romney this country would be in a much better place. The Policy isn't terrible

 

[ADevilYouKhow]

Yahoo is now a part of Verizon Media

 

[the cac mamba]

If all repubs were like Romney this country would be in a much better place. The Policy isn't terrible

he'd support it if steny hoyer sponsored it

 

[South Paw]

And they're laying off 15% of their workforce in June

 

[BK The Great]

 

[BK The Great]

 

[the cac mamba]

i heard on the news someone said we're running a 4 trillion dollar deficit this year

im no expert but im pretty sure you cant just do that

 

[F K]

i heard on the news someone said we're running a 4 trillion dollar deficit this year

im no expert but im pretty sure you cant just do that

we're about to find out if mmt is real