Stimulus & Bailout Watch Thread
- Thread starter wire28
- Start date
I make good money, still have a job and I just started the first of many scheduled vacations(till 2nd week of April) this year.
So im eating. 
Dont care if I get it or not
. If I do...its gonna make a corporation richer cause im buying something ridiculous I didn't need
So im eating. Dont care if I get it or not. If I do...its gonna make a corporation richer cause im buying something ridiculous I didn't needOP provided zero sources for his claims. Mitch McConnell(senate majority leader) literally said he doesn't want to cut a check for every american and that their employer should do that.
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A universal basic income plans put forth by Sens. Bernie Sanders, Michael Bennet, Cory Booker and Sherrod Brown
Brown/Booker/Bennet Letter Re Cash Payments 3 17 20
United States Senate
Washington, D.C. 20510
March 17, 2020
The Honorable Mitch McConnell
Majority Leader
United States Senate
317 Russell Senate Office Building
Washington, D.C. 20510
The Honorable Charles Schumer
Democratic Leader
United States Senate
322 Hart Senate Office Building
Washington, D.C. 20510
Dear Leader McConnell and Leader Schumer:
In addition to presenting a massive public health challenge, the Coronavirus will cause a severe
economic shock, the immediacy and magnitude of which we may never have seen. Over the
course of just one week, most of America went from business-as-usual to a virtual shutdown.
Workers have seen their hours cut or eliminated entirely, and millions of American families are
assessing how they will weather a potentially long-lasting economic paralysis.
We must provide direct cash support to the American workers and families who need it most –
to help them purchase essentials; pay the rent, mortgage, and bills; and otherwise weather the
coming weeks and months.
We believe it is essential to provide assistance directly and quickly. Regardless of how fast
Congress acts, there will be a lag between action and support arriving to workers and businesses,
and every day we delay action will be a delay in support arriving. Now is not the time for a
“wait-and-see” mentality.
We propose sending payments quarterly and directly to American families. The first payment
would be $2,000 per American to account for the immediacy of the shock, with subsequent
payments stepping down over time and the duration of payments tied to subsequent economic
triggers. Payments will only completely shut off after unemployment drops to less than 0.5
percentage points above the levels that prevailed before the Coronavirus-induced economic
damage. Attached to this letter is a more detailed outline of our proposal.
This moment demands bold action. The Families First Coronavirus Response Act is a vital first
step to delivering immediate assistance to workers and families, providing testing, paid sick
leave, support for state unemployment divisions, food assistance, and health care support for
states through Medicaid. In addition to passing this critical legislation, we must provide
additional support to the hardest-hit individuals, small businesses, as well as state and local
governments. That includes efforts by the Finance Committee to strengthen our Unemployment
Compensation system through expanded benefits and increased federal financing, as well as
broadened eligibility to include gig workers, contractors, tipped workers, and others who are
currently left out.
During a crisis of this magnitude, it is imperative we put forward a response commensurate with
the challenge we face. We urge you to consider this proposal and look forward to working with
you to pass it as soon as possible.
Please do not hesitate to reach out to us if we can be of assistance.
Sincerely,
Senator Michael F. Bennet
Senator Sherrod Brown
Senator Cory A. Booker
Senator Angus S. King, Jr.
Senator Christopher S. Murphy
Senator Brian Schatz
Appendix: Coronavirus Economic Support Payments
Following is an outline of a proposal for economic support payments to support families and
workers through the COVID-19 state of emergency and to provide continued assistance as the
economy returns to health:
• Initial Payment (to cover first 3.5 months, mid-March through June 2020):
o $2,000 payment per:
§ Adult not on Social Security
§ Child or non-child dependent
§ Social Security, VA benefit, SSI recipients (added to their earliest possible
benefit check)
o Eligibility/Administration:
§ Workers who file for Tax Year 2019
§ Non-filers can file a simple 1040 separately
§ Seniors on Social Security will receive payment from the Social Security
Administration (SSA); Veterans from the Veterans Administration (VA);
Supplemental Security Information (SSI) recipients from SSA
§ Pay SNAP/TANF recipients via electronic benefit transfer (EBT), where
federal-state data sharing is possible
§ Phased out for higher-income taxpayers, with a phase-out rate of 5% of
the aggregate credit amount
•
Second Potential Payment (July – September 2020):
o Additional payment of $1,500
o Triggers:
§ Public health emergency continues into July certified by the Secretary of
Health and Human Services AND an Economic Turmoil Determination by
Treasury Secretary
§ OR unemployment is at least 1 percentage point higher in June than three
month moving average in December 2019 — February 2020, as reported
in July
• Half payment of $750 per person if June unemployment is 0.5
percentage point above December 2019 — February 2020 average
o Eligibility: Same as above
•
Additional Quarterly Payments (October-December 2020 and beyond):
o Additional payment of $1,000 per quarter
o Trigger:
§ Economic turmoil designation by Treasury Secretary AND
Unemployment rate in last month of previous quarter (i.e. September, as
reported in October) is up at least 1 percentage point vs. December 2019
— February 2020 average
o Half payment ($500) if unemployment rate remains at least 0.5 percentage points
above December 2019 — February 2020
o Eligibility: Same as above
Brown/Booker/Bennet Letter Re Cash Payments 3 17 20
United States Senate
Washington, D.C. 20510
March 17, 2020
The Honorable Mitch McConnell
Majority Leader
United States Senate
317 Russell Senate Office Building
Washington, D.C. 20510
The Honorable Charles Schumer
Democratic Leader
United States Senate
322 Hart Senate Office Building
Washington, D.C. 20510
Dear Leader McConnell and Leader Schumer:
In addition to presenting a massive public health challenge, the Coronavirus will cause a severe
economic shock, the immediacy and magnitude of which we may never have seen. Over the
course of just one week, most of America went from business-as-usual to a virtual shutdown.
Workers have seen their hours cut or eliminated entirely, and millions of American families are
assessing how they will weather a potentially long-lasting economic paralysis.
We must provide direct cash support to the American workers and families who need it most –
to help them purchase essentials; pay the rent, mortgage, and bills; and otherwise weather the
coming weeks and months.
We believe it is essential to provide assistance directly and quickly. Regardless of how fast
Congress acts, there will be a lag between action and support arriving to workers and businesses,
and every day we delay action will be a delay in support arriving. Now is not the time for a
“wait-and-see” mentality.
We propose sending payments quarterly and directly to American families. The first payment
would be $2,000 per American to account for the immediacy of the shock, with subsequent
payments stepping down over time and the duration of payments tied to subsequent economic
triggers. Payments will only completely shut off after unemployment drops to less than 0.5
percentage points above the levels that prevailed before the Coronavirus-induced economic
damage. Attached to this letter is a more detailed outline of our proposal.
This moment demands bold action. The Families First Coronavirus Response Act is a vital first
step to delivering immediate assistance to workers and families, providing testing, paid sick
leave, support for state unemployment divisions, food assistance, and health care support for
states through Medicaid. In addition to passing this critical legislation, we must provide
additional support to the hardest-hit individuals, small businesses, as well as state and local
governments. That includes efforts by the Finance Committee to strengthen our Unemployment
Compensation system through expanded benefits and increased federal financing, as well as
broadened eligibility to include gig workers, contractors, tipped workers, and others who are
currently left out.
During a crisis of this magnitude, it is imperative we put forward a response commensurate with
the challenge we face. We urge you to consider this proposal and look forward to working with
you to pass it as soon as possible.
Please do not hesitate to reach out to us if we can be of assistance.
Sincerely,
Senator Michael F. Bennet
Senator Sherrod Brown
Senator Cory A. Booker
Senator Angus S. King, Jr.
Senator Christopher S. Murphy
Senator Brian Schatz
Appendix: Coronavirus Economic Support Payments
Following is an outline of a proposal for economic support payments to support families and
workers through the COVID-19 state of emergency and to provide continued assistance as the
economy returns to health:
• Initial Payment (to cover first 3.5 months, mid-March through June 2020):
o $2,000 payment per:
§ Adult not on Social Security
§ Child or non-child dependent
§ Social Security, VA benefit, SSI recipients (added to their earliest possible
benefit check)
o Eligibility/Administration:
§ Workers who file for Tax Year 2019
§ Non-filers can file a simple 1040 separately
§ Seniors on Social Security will receive payment from the Social Security
Administration (SSA); Veterans from the Veterans Administration (VA);
Supplemental Security Information (SSI) recipients from SSA
§ Pay SNAP/TANF recipients via electronic benefit transfer (EBT), where
federal-state data sharing is possible
§ Phased out for higher-income taxpayers, with a phase-out rate of 5% of
the aggregate credit amount
•
Second Potential Payment (July – September 2020):
o Additional payment of $1,500
o Triggers:
§ Public health emergency continues into July certified by the Secretary of
Health and Human Services AND an Economic Turmoil Determination by
Treasury Secretary
§ OR unemployment is at least 1 percentage point higher in June than three
month moving average in December 2019 — February 2020, as reported
in July
• Half payment of $750 per person if June unemployment is 0.5
percentage point above December 2019 — February 2020 average
o Eligibility: Same as above
•
Additional Quarterly Payments (October-December 2020 and beyond):
o Additional payment of $1,000 per quarter
o Trigger:
§ Economic turmoil designation by Treasury Secretary AND
Unemployment rate in last month of previous quarter (i.e. September, as
reported in October) is up at least 1 percentage point vs. December 2019
— February 2020 average
o Half payment ($500) if unemployment rate remains at least 0.5 percentage points
above December 2019 — February 2020
o Eligibility: Same as above
Secure Da Bag
Veteran
Winning the optics war. Politics is perception. It's why Biden is winning. I know that. You know that.
Only people running this narrative are leftists.
All the congressman and senators are on tv touting the bipartisan efforts.
Everyone knows Trump is full of shyt and caused this and is now scrambling for a response.
Come to think of it, will military personnel receive any money? We're salaried workers, so we will be paid the exact same amount of money that we would in a non-crisis.
Edit: "Per American..." means yes
.
Let's get this quarterly drip, brehs
Edit: "Per American..." means yes
.Let's get this quarterly drip, brehs
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This is how regular people are viewing it. Just saw this on my Facebook feed.
Yall gotta stop with the histrionics.
Emailed a senator like 
NZA
LOL
republicans have punked democrats so much for so long that they learned to try to be like republicans and now the republicans are fukking with them. you hate to see it
G.O.A.T Squad Spokesman
Logic Is Absent Wherever Hate Is Present
"Keep your government hands off my medicare"Same folks that shytted on Bernie because "big scary socialism" are the same ones asking for a check
You sounding like Pete bootyboi now
get these nets
Veteran
Pure Water
Superstar
This thread is pathetic.