Stimulus & Bailout Watch Thread

[NY's #1 Draft Pick]

DIRECT PAYMENTS TO AMERICANS
Direct payments of up to $1,200 each to millions of Americans, with additional payments of $500 per child. Payments would be phased out for those earning more than $75,000 a year. Those earning more than $99,000 would not be eligible.

Estimated cost: $290 billion

ENHANCED UNEMPLOYMENT AID
Payments for jobless workers would increase by $600 per week. Laid-off workers would get those payments for up to four months. Regular benefits, which typically run out after six months in most states, would be extended for an additional 13 weeks.

Self-employed workers, independent contractors and those who typically don’t qualify for unemployment benefits would be eligible. The government would also partially make up wages for workers whose hours are scaled back, in an effort to encourage employers to avoid layoffs.

Estimated cost: $260 billion

SMALL BUSINESS LOANS AND GRANTS
Loans for businesses that have fewer than 500 employees could be partially forgiven if they are used for employee salaries, rent, mortgage interest and utility costs. The bill also includes emergency grants for small business.

Estimated cost: $377 billion.

AID TO AIRLINES, LARGE BUSINESSES
The bill sets up a fund to support a new Federal Reserve program that offers up to $4.5 trillion in loans to businesses, states and cities that can’t get financing through other means.

Companies tapping the fund would not be able to engage in stock buybacks and would have to retain at least 90% of their employees through the end of September. They would not be able to boost executive pay by more than $425,000 annually, and those earning more than $3 million a year could see their salaries reduced.

The fund would be overseen by an inspector general and a congressional oversight board. The Treasury secretary would have to disclose transactions.

Businesses owned by President Donald Trump, other administration officials or Congress members, or their family members, would not be eligible for assistance.

Loans are set aside for airlines, air cargo carriers, airline contractors and “businesses important to maintaining national security,” widely understood to be Boeing Co.

Total cost: $504 billion

GRANTS FOR AIRLINES
Airlines, air cargo carries and airline contractors also could get grants to cover payroll costs. They would have to maintain service and staffing levels, and would not be able to buy back stock or pay dividends. The U.S. government could get stock or other equity in return. Executive pay above $425,000 a year would be frozen for two years, and those who earn more than $3 million annually would see their salaries reduced.

Total cost: $32 billion

MONEY FOR STATES, HOSPITALS, EDUCATION
- $150 billion for state, local and Native American tribal governments

- $100 billion for hospitals and other elements of the healthcare system

- $16 billion for ventilators, masks and other medical supplies

- $11 billion for vaccines and other medical preparedness

- $4.3 billion for the U.S. Centers for Disease Control and Prevention

- $45 billion in disaster relief

- $30 billion for education

- $25 billion for mass-transit systems

- $10 billion in borrowing authority for the U.S. Postal Service

- $1 billion for the Amtrak passenger rail service and $10 billion for airports, which are experiencing a drop in passengers

TAX CUTS
- A refundable 50 percent payroll tax credit for businesses affected by the coronavirus, to encourage employee retention. Employers would also be able to defer payment of those taxes if necessary. Cost: $67 billion

- Loosened tax deductions for interest and operating losses. Cost: $210 billion

- Suspension of penalties for people who tap their retirement funds early. Cost: $5 billion

- Tax write-offs to encourage charitable deductions and encourage employers to help pay off student loans. Cost: $3 billion

- Waiving of federal tax on distilled spirits used to make hand sanitizer

INCREASED SAFETY NET SPENDING
- $42 billion in additional spending for food stamps and child nutrition

- $12 billion for housing programs

- $45 billion for child and family services

OTHER ELEMENTS
- A ban on foreclosing on federally backed mortgages through mid-May, and a four-month ban on evictions by landlords who rely on federal housing programs.

Even though I ain’t getting shyt. I’m liking the fact that cdc, hospitals are getting funding.

more money for vaccines and ventilators/ medical equipment etc


Also happy about the safety net spending.

 

[DEAD7]

 

[mastermind]

He told no lies though. The UK is giving companies up to £2500 per employee per month for the next three months.

America is giving corporations billions of dollars with no clear stipulations.

My mind is blown. I am disappointed in America to the point of depression.

Why would you make your people suffer like this at the expense of businesses.

Corporations aren't just people too, like Romney said. Corporations are now clearly more important that human lives.

Disgusting shyt.

Yup.

I’m seeing people on Facebook say shid like don’t get too riled up. And I’m like nikka what? Y’all don’t have PTSD of a decade ago?

It’s obvious what’s happening. We gonna have tens of millions laid off. So many are gonna lose the little they have.

I remember 2008 pretty well. It was a different crisis that lasted years through. Personally in 2012-13, a year out of university and thankfully employed, I was getting a crash course on how to short sell my parents house when my pops was starting his business in Somalia and he couldn’t get another loan mod. Shid was mad stressful and I had to be on the phone with Wells Fargo so much. Fear of foreclosure and bank eviction damaged my health. Shid opened up my eyes truly to this corrupt rot man.

Americans are not serious people. We like getting fukked in the ass.

 

[FAH1223]

Americans are not serious people. We like getting fukked in the ass.

Yup.

And look at Trump being an MMTer



Democratic Primary of how ya gonna pay for it ...

 

[NkrumahWasRight Is Wrong]

Americans are not serious people. We like getting fukked in the ass.

Haha they should give a bottle of KY with the check

 

[jaguar paw]

There should be an added boost to credit scores of people who are able to keep up payments during the pandemic.

 

[the cac mamba]

There should be an added boost to credit scores of people who are able to keep up payments during the pandemic.

im looking forward to paying my landlord, she hasnt raised my rent in 6 years

 

[Agent Mulder]

 

[nyknick]

When does that additional $600 kick in?

 

[Theodoresolderbreh]

damn man my uncle was sick for two years due to cancer and didnt even give breh disability.. he just got it together got a job in the end of February and got fired in march he not getting shyt. i know for a fact he didnt file or have income in 2018-20. just got off the phone with breh. shyt crazy

 

[mastermind]

Haha they should give a bottle of KY with the check

The weak lube, so we can feel the pain.

 

[mastermind]

Stoller was hot

 

[Theodoresolderbreh]

damn nikkas who owe back child support not getting shyt either.... people who got laid off their child support still stacking up in the middle of a pandemic as we speak... that's foul af

 

[Pressure]

damn nikkas who owe back child support not getting shyt either.... people who got laid off their child support still stacking up in the middle of a pandemic as we speak... that's foul af

Get locked up over back child support during covid19 and the contract Covid 19

 

[88m3]

sba and fema are a disaster assisantce wise





edit: ugh no pun intended

edit: got someone on the phone at fema on a Saturday we don't need fema id numbers

edit: 311 got someone on the phone


edit: 211 time, got someone on the phone


edit: back to the sba left a message at local office