78 replies and no one has said toilet paper?
If you haven't already got that, you're spending that entire stimulus on one package.
78 replies and no one has said toilet paper?
Doesn't matter what legislation reads today....the coffers have to get refilled at some point. This won't be free money.
Save my $2k so when the govt taxes me $3k for it I can pay the bill.This is moronic if they are giving it to households with up to 200k in annual income.
78 replies and no one has said toilet paper?
Didn’t the Fed dump $1.5 Trillion into the Stock Market to prop it up the other day? How did that even benefit anyone?
As part-owner of an LLC, I have to claim a % of the business profits as income, which makes me ineligible for basically everything with income limits. But we keep all the profits in the business, we don't take distributions other than to pay the tax liability. So my AGI looks like 5x my take home. I know, 1st world problems.
This will help our employees a touch though, which is good. I think we will be OK, but must confess to some concern about keeping the cash flow above $0 and not delaying any payroll or having to consider letting anyone go.
Why not just temporarily significantly increase the unemployment payments to the people who actually lose their jobs and are the ones that actually need the money? They have already waived the rules on needing to look for work to collect unemployment.
Is this going to end like the Bush Jr. $600 check that then went against any tax rebate a person got later in the year?
I have always thought under the Obama stimulus package we would have been better off giving each tax payer $50,000 and then tell them that they have to spend it by the end of the year or return any unspent portion. The money had to go to the purchase of a new American made vehicle, helps the auto industry, or any work on your home, helps out the housing industry.
Instead we gave half the package to the banks, and very little filtered down to the average America.
Economic Stimulus Act of 2008 was $152 Billion.
ARRA of 2009 was $787 Billion
The number you just proposed is about $7.5 Trillion and the Nation Debt at that time was about $10 Trillion. Almost doubling the national debt, so everyone could get a new Chevy would've been awesome.
I can't imagine how much covid19 will be entwined in that beautiful Italian couch you'll be getting.Buy an expensive Italian couch for our living room. Wait a second....we did that already back in January. It was on back-order & they told us we wouldn't get it until March. With what's going on overseas, that still may hold true - but it will be March 2022.
Ill use it to pay the CF mods in the politics section to do their job.
Pay part of the mortgage.
We're in a very defensive mode here. 2008 bad isn't out of the question.
That catastrophic even that this ******** area still hasn't gotten past.