Posted on 03/29/2020 1:19:28 PM PDT by Libloather
Most Americans can expect to get a cash payment of over $1,000 as part of the heaping $2 trillion coronavirus relief bill President Donald Trump signed on Friday to stimulate the faltering economy.
The nonpartisan Tax Policy Center estimates that the free money will go to about 90% of U.S. households to help ease some of their financial pain from the pandemic, which has caused massive business shutdowns and layoffs and is making it tough for people to pay their rent, mortgages and other bills.
When will I get my stimulus check? Treasury Secretary Steve Mnuchin has indicated taxpayers should start receiving the money by mid-April.
"Were determined to get money in peoples pockets immediately," he told CNBC.
Senate Minority Leader Chuck Schumer says the president hopes things can move even more quickly. The New York Democrat says Trump wants the payments to start going out on April 6.
But former tax officials and other experts say the administration is being too optimistic. They say the last time the government distributed relief money on a large scale - in the midst of the 2008 financial crisis and Great Recession - it took two to three months to get payments going.
(Excerpt) Read more at finance.yahoo.com ...
Really?
I work in an essential business. This may well pay for my big vacation in 2021. Either a cruise line or a a car trip to the Florida Keys.
“Maybe I’ll go to the movies, by myself!”
I owe the IRS. A lot. My semi-adult children might get checks.
Considering all the taxes I've paid over the past 50 years, I'll take it.
April 15 is now July 15.
I wonder how many people will actually get it.
Same here. Maybe we should send it back. Yeah Right!
Its my money and i want it now!
JG Wentworth,
i will let you know if i do!!!
Let’s see...
2.2 trillion dollars.
If we used that money to pay down the national debt... of some $23 trillion dollars...
We’d have a new national debt of about $21 trillion dollars.
.
.
.
.
.
.
.
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(Yeah: fuzzy math).
...
If we were to create another stimulus program... for ... say... $21 trillion dollars....
.
and we used it to pay down the national debt...
...
We’d wipe out the national debt.
...
Tell that to the democrats, who’ll jump on the idea.
Good way to have the debt you owe go down.
I’m retired and have no idea whether I’ll get a check. At any rate, I don’t need one; I have a decent retirement and my mortgage is paid off. If I do get a check, I’ll probably cash it, split up the amount, and give it to people I know who’ve been laid off or out of work because of the shut-downs.
Getting the virus and dying!)
The law does not allow IRS garnishment on these payments
“Lets see...
2.2 trillion dollars.
If we used that money to pay down the national debt... “
Yeah, that’s the ticket!
Mebbe do the 10% banking leverage thingy and . . . whammo!
ya got 22 tril-lee-onnnnnn to pay off that national nut.
It’s all good. Goobermint schooled usin goobermint math
/s
Go out to dinner several times and leave big tips.
Im also going to buy a huge bunch of ribs and all the fixens for a dinner for all the kind neighbors who checked up on me, brought groceries for me and generally let me know they missed me.
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