I suggest that the Senate offer the following Covid relief proposals in separate bills:
1. A federal unemployment weekly top-up of $300 (inclusive of Trump’s diversionary payments) for up to 16 weeks prior to April 2021.
2. A retrospective residential rent/mortgage payment help program of up to 20% of amount paid by tenant/mortgagor for March through October 2020 rent/mortgage payment past due amounts, up to $2000 for a household, if requested by the tenant/mortgagor and accepted prior to December 22, 2020 by the landlord/mortgagee to cure all deliquency for that period, to be administered by a court empowered to issue an eviction order in the jurisdiction. Program payment to be collected back by the IRS from the tenant in the same manner as PPACA penalties would have under previous Democratic legislation.
3. A prospective residential rental/mortgage relief program for November 2020 to March 2021, to be administered by an agency designated by state law or state governor, offering no more than the smaller of:
A. 30% of the HUD monthly fair market rent for a housing unit of the same type
B. $400/month/household
C. the amount of rent/interest reduction given in writing to the Secretary of HUD by the landlord/mortgagee for the month that lies below the lowest of at least four monthly rental/mortgage interest amounts paid by the tenant/mortgagor to the landlord/mortgagee for the household’s housing unit prior to July 15, 2020.
4. A payment of $200 for each K-12 public school pupil physically in public school on the first day for which attendance was counted at the school for the 2020-2021 school year, payable to the public school district.
5. An “Eat Out to Help Out” restaurant subsidy scheme along British lines but at a 30% rate and $15 maximum running Monday through Wednesday from 10 days after enactment through March 31, 2021.
Jeez...I’ve paid my rent and taxes every month through this whole thing. It hasn’t been easy every month.
Why should someone who hasn’t get some kind of credit?
Is US Bank in danger of going out of business? For God’s sake, the Fed is the biggest owner of Mortgages in the world. If we all stopped paying...would the Fed go out of business?
I am all for helping those less fortunate...but, lets open up the economy and spend money on saving people at risk.
We don’t need a huge stimulus. Just open the economy.