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White House, Senate reach late-night deal on massive $2T coronavirus stimulus package
FoxNews.com ^
| 3-25-2020
| Gregg Re
Posted on 03/24/2020 10:29:50 PM PDT by luvie
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To: Veggie Todd
Am I reading this right that the stimulus check is only an advance on taxes owed? If so, I don’t want ours. In fact, we should get one anyway. Having a SS check with a pension check, regardless of other income, shouldn’t quality anyone for the stimulus check.
To: calljack
Sod off. I'd done that before I replied to you. It says HOUSE. https://www.congress.gov/bill/116th-congress/house-bill/6379/text?r=1&s=6#toc-
102
posted on
03/25/2020 12:33:45 AM PDT
by
grey_whiskers
(The opinions are solely those of the author and are subject to change with out notice.)
To: CatOwner
To: CatOwner
Never mind. They’re using the 2018 tax year returns. We don’t qualify.
To: CatOwner
So only a person who filed taxes gets a check? I guess that leaves me out.
105
posted on
03/25/2020 12:43:23 AM PDT
by
hsmomx3
To: comebacknewt
Biggly, beyond description.
106
posted on
03/25/2020 12:48:44 AM PDT
by
rdl6989
To: stylin19a
107
posted on
03/25/2020 12:50:30 AM PDT
by
grey_whiskers
(The opinions are solely those of the author and are subject to change with out notice.)
To: hsmomx3
I haven't read the new bill but if this bill is similar to the last one then you might qualify.
"Taxpayers with little or no income tax liability, but at least $2,500 of qualifying income, would be eligible for a minimum rebate check of $600 ($1,200 married).
Qualifying income includes earned income, as well as Social Security retirement benefits and certain compensation and pension benefits paid to veterans.
This ensures relief gets to low-income seniors and disabled veterans," the summary reads.
As I said if this bill is similar to the last one, it looks like even the folks on SS would qualify.
The differences that I do know about are the dollar amounts.
Instead of the pooer folks only receiving $600.00, they changed it to $1,200.00 for the lower incomes too.
(Each spouse would receive $1,200.00)
Of course, this is all just guess work on my part!
I referenced the following:
https://thehill.com/policy/finance/488574-gop-senators-raise-concerns-over-smaller-checks-for-lower-earners>
108
posted on
03/25/2020 1:20:04 AM PDT
by
justme4now
(Falsehood flies, and the Truth comes limping after it)
To: newzjunkey
Why was it Mnuchin was meeting with Schumer all the time ?
ChuckU isn’t in charge.
109
posted on
03/25/2020 1:29:27 AM PDT
by
1066AD
To: LUV W
Does anyone have a link to a list of what was approved.
110
posted on
03/25/2020 1:32:43 AM PDT
by
HollyB
To: justme4now
This is from the new bill according to The Hill:
"It will also give a one-time check of $1,200 to Americans who make up to $75,000.
Individuals with no or little tax liability would receive the same amount, unlike the initial GOP proposal that would have given them a minimum of $600."
This just explains what I tried to explain in my other post. :-)
(Pretty sure that the SS part would still stand.
111
posted on
03/25/2020 1:36:48 AM PDT
by
justme4now
(Falsehood flies, and the Truth comes limping after it)
To: Trump Girl Kit Cat
The Federal Reserve can usually reverse anything they do.
If they buy up bonds, they can eventually sell them off.
Or they can just hold them until the issuer pays them off.
Either way, the Treasury ends up getting any profits, and the money comes back out of the system.
Fiscal stimulus isn’t as easily reversed. But it depends on how it’s done.
Direct payments are likely taxable as income and are taxable when spent. So sales tax goes to state and local governments,when spent. Depending on the income tax bracket, up to 155 will flow back to the US government.
If they spend it on infrastructure, you get long term economic benefits of whatever you build, roads airports, etc. which indirectly builds up the economy and feeds tax dollars but impossible to measure.
112
posted on
03/25/2020 1:50:38 AM PDT
by
DannyTN
To: LUV W
Yeah cause the R’s pork is GOOD pork!!! :)
113
posted on
03/25/2020 2:05:25 AM PDT
by
dp0622
(Radicals, racists my curseoint fingers at me I'm a small town white boy Just tryin to make ends meet)
To: Trump Girl Kit Cat
ALL 6 trillion is BAD
I’m sorry I thought we were conservatives here I must have been mistaken :)
I KNOW we will regret adding SIX TRILLION to the debt and sooner than later.
The markets would have come back when the economy came back.
But just like little children, Americans can’t wait for anything anymore or take ANY suffering.
What a sick joke
114
posted on
03/25/2020 2:07:36 AM PDT
by
dp0622
(Radicals, racists my curseoint fingers at me I'm a small town white boy Just tryin to make ends meet)
To: comebacknewt; Paladin2
And yet So Many here are having orgasms over wasting, yes WASTING 6 trillion dollars.
Because we all know in the end it’s gonna go nowhere.
The extra money for the unemployed and the one time checks?
We have Always Hated when demms said money given to welfare folks etc stimulates the economy.
It’s a lie because it’s Our Money “stimulating” the economy. Well not our money because it can Never be paid back.
Now because it’s laid off workers or businesses that are hurting it’s Not wasted money?
It is.
And it is the nail in the coffin that is our national debt
115
posted on
03/25/2020 2:10:29 AM PDT
by
dp0622
(Radicals, racists my curseoint fingers at me I'm a small town white boy Just tryin to make ends meet)
Didn’t Trump vow to never sign a bill like this again?
116
posted on
03/25/2020 2:24:52 AM PDT
by
dsrtsage
(Complexity is merely simplicity lacking imagination)
To: ocrp1982
Do you need more proof to repeal the 17th amendment?
117
posted on
03/25/2020 2:29:27 AM PDT
by
Article10
(Roger That)
To: LUV W
Pelosi wants it passed on a non-recorded vote.
118
posted on
03/25/2020 2:50:06 AM PDT
by
OrioleFan
(Republicans believe every day is July 4th, Democrats believe every day is April 15th.for corruptiion)
To: justme4now
"It will also give a one-time check of $1,200 to Americans who make up to $75,000. This is very nebulous ... $75,000 is determined by what ?
Individual =$75000 ? Joint = $150000 ? What if I made $75001 ? Adjusted income ? Lots of questions
119
posted on
03/25/2020 2:50:17 AM PDT
by
clamper1797
(We are getting close to the last "box")
To: clamper1797
Answered my own questions ...
The checks would start to phase out for individuals who had $75,000 or more in adjusted gross income, or $150,000 for married couples who file jointly, according to their 2018 tax return.
120
posted on
03/25/2020 2:54:25 AM PDT
by
clamper1797
(We are getting close to the last "box")
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