Stimulus & Bailout Watch Thread
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Ethnic Vagina Finder
The Great Paper Chaser
I find it fukked up that as a telco employee we never get mentioned when it comes to "essential workers" yet we're forced to work anyway.Romney’s Patriot Pay Proposal
How Would Patriot Pay Work?
Who Would Qualify for the Tax Credit?
- 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.
How Would Employers Claim the 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.
- 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
Anyways this has Mitt's name on it. It's not gonna pass. Republicans are done with stimulus with regular citizens.
what do you do? honestly, when i think of 'essential workers' its people who have to interact with the general public at volume. cashiers, nurses, etc risking getting this shyt
DJ Paul's Arm
Veteran
That muthafukka wanted to get rid of social security benefits and that's his slick way of doing it.
A reporter needs to ask him that question in great detail. Got dam this punk ass trump is the devil. If you know anybody getting SSI, I suggest you put them up on game. Especially if they're a trump supporter
voltronblack
Superstar
President Trump on Sunday said he won't support another round of coronavirus stimulus legislation unless it includes a payroll tax cut, a measure that has muted support among lawmakers in Congress.
Trump said during a Fox News virtual town hall that he would like to see a sizable infrastructure bill pass to help revive the economy, which has cratered amid the coronavirus pandemic. But he indicated his long-desired payroll tax cut would have to be part of any talks.
"I want to see a payroll tax cut on both sides, a very strong one, because that’s going to really put people to work," Trump said. "But infrastructure is so important. Our country, our roads are — excuse me — they’re going to hell."
"But we will be doing infrastructure," Trump said, seated next to Vice President Pence and Treasury Secretary Steven Mnuchin. "And I told Steve just today, we’re not doing anything unless we get a payroll tax cut. That is so important to the success of our country."
Asked if he viewed a payroll tax cut as critical to juicing the economy, Pence demurred.
"The immediate way we deal with joblessness is by opening up America again," Pence said, citing plans from governors around the country to gradually lift restrictions that have forced businesses to close.
Trump has repeatedly called for Congress to pass a payroll tax cut to combat the economic downturn induced by the coronavirus pandemic. He first proposed the idea in early March, but Congress quickly poured cold water on the idea, saying it would be insufficient for helping workers most in need.
More than 30 million Americans have filed for unemployment in the last few weeks, and economists have warned that the economy is unlikely to recover quickly until there is a vaccine or proven treatment for the coronavirus. While a payroll tax cut could improve consumer spending, it would be unlikely to boost employment.
Lawmakers are eyeing another piece of legislation to aid struggling workers and businesses, but there are already points of conflict between the two parties. Democrats have said the next bill should include money to aid states with massive budget shortfalls due to the pandemic, but Trump and some Republicans have bristled at the idea of bailing out blue states.
Senate Majority Leader Mitch McConnell (R-Ky.) said last week that the bill must include liability protections for employers or it will not pass the Senate.
The Senate is set to return to the Capitol on Monday, despite concerns from some members about safety. The House may return the week of May 11 if the next piece of coronavirus relief is ready for a vote.
Ethnic Vagina Finder
The Great Paper Chaser
That shyt ain’t happening unless their is another national quarantine. So many states are about to open up.
BK The Great
Veteran
No vaccine = nobody taking chances to go out and spend. I hope people realize this.
Json
Superstar
Stop it.
You realize how many diseases we don’t have cures for?
Aids? People going to stop banging!!!
Humans can adapt. We are arguing to protect ourselves from being uncomfortable and inconvenienced.
Some businesses won’t make it. Others will be able to adapt. And new ones will be born.
A lot of people are going to wait and see what happens to people when they're back out mingling and the infections rise and get a better picture of who is dying as a result.
That's still one of the big questions that haven't been answered.
BK The Great
Veteran
we’re dealing with something different. This disease Might be airborne or with close contact from one another. We’re still learning about it and nothing is for certain. People won’t feel safe unless there’s a cure. They can open up shop as much as they want but it’s not guaranteed people will go back to their normal lives and spend as much as they want to. The only thing people are spending on is necessities Like groceries and bills. Other businesses are getting rocked right now.
Json
Superstar
Again. Normal. It might not come back for a while.
There’s a new normal and people will have to adapt. Take new precautions and be more vigilant.
If you think people will only feel safe when they can be as reckless sneezing and touching handles then yeah. SOL.
Buffets may go the way of the dinosaur.
Food Trucks may start serving five star cuisine.
Move studios my have to make smaller budget movies with less cast or more CGI.
classrooms may only be two days a week.
Audienceless Super Bowl.
None of this is insurmountable. Just not the normal we are used to.
Json
Superstar
infections are going to rise cause we need to testing more.
Unless the hospitalization and death rates soar where they hadn’t. People will adjust. Just don’t expect to be grinding on some chick in the club next week.
BK The Great
Veteran
We might be getting a second and third wave, safe to say this virus is here to stay and for a very long time. Life will not be different, same with this stock market and economy. We have never seen anything like this in our lifetimes.