Current Events > Republicans set to unveil Coronacash bill

(+) Yeah! (+)

The proposal, expected to cost around $1 trillion, calls for direct payments on a tiered scale. Individuals making $75,000 based on a 2018 tax return would be eligible for $1,200 payments, or $2,400 for couples filing jointly.

The payments would decrease for those making more than $75,000, with an income cap of $99,000 per individual or $198,000 for couples. The payments will also increase $500 for each child a person or couple has.

However, tax payers with little or no income tax liability, but at least $2,500 of qualifying income, would only be eligible for $600, or $1,200 for couples.

https://www.nbcnews.com/politics/congress/negotiations-heat-1-trillion-coronavirus-bill-would-include-cash-payments-n1163826
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Just make it fucking universal
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Don't spend your Trumpbux on video games, CE. Be responsible.

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So, wait, those that arguably need that money the most get less than those that are presumably of middle-class status?

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Antifar posted...

Just make it fucking universal

Yes I'm sure the extra $1,200 will go a long way to millionaires

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I would love to know the justification from basing this off two year old tax returns

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Socialism is scary, right Republicans?
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EverDownward posted...

So, wait, those that arguably need that money the most get less than those that are presumably of middle-class status?

no i think its saying if you are below a minimum threshhold you wont get much. those people are either dependents or on disability/unemployment already.

i think what they are still hashing out is what most of us in the in-between are getting.
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Turtlemayor333 posted...

I would love to know the justification from basing this off two year old tax returns

my guess is the IRS is working on 2019 returns right now
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PatrickMahomes posted...

Yes I'm sure the extra $1,200 will go a long way to millionaires

They'll pay it all back in taxes! Time spent futzing with means testing is time wasted.
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This is a terrible fucking bill

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Turtlemayor333 posted...

I would love to know the justification from basing this off two year old tax returns

Technically, 2019 taxes weren't due for another month (even before all this).
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okay more info:

Under the plan, the details of which were revealed on the Senate floor by Majority Leader Mitch McConnell, R-Ky., individuals making up to $75,000 annually would be eligible for a $1,200 check from the federal government.

The cash will be delivered in a one-time payment. President Donald Trump and Treasury Secretary Steve Mnuchin

so yeah, this isnt that great.
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E32005 posted...

those people are either dependents or on disability/unemployment already.

I can tell you that I only made roughly 9K when I was working Taco Bell in 2016. What you posted from the article, up there, states that people that make at least twenty five hundred will get only 600 bucks. And even if I throw in 2015, I still didn't make 20K for those two years. I'd still get only 600 bucks.

How is that fair?

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how did they fuck up "free money" as a policy

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Doom_Art posted...

how did they fuck up "free money" as a policy

They don't actually want it to pass.

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EverDownward posted...

I can tell you that I only made roughly 9K when I was working Taco Bell in 2016. What you posted from the article, up there, states that people that make at least twenty five hundred will get only 600 bucks. And even if I throw in 2015, I still didn't make 20K for those two years. I'd still get only 600 bucks.

How is that fair?

That part only applies to people who owe no taxes to the government. It looks like they are prioritizing people with tax liabilities.

So if you owed taxes after filing in 2018, you should get the $1200.

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E32005 posted...

disability

i'll be happy to get something :(.
any dollar amount is a good dollar amount.
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PatrickMahomes posted...

Yes I'm sure the extra $1,200 will go a long way to millionaires

who gives a fuck just donate it

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kingdrake2 posted...

i'll be happy to get something :(.
any dollar amount is a good dollar amount.

yeah. dont get me wrong. everyone deserves more. but i think this is about trying to get it to those who cant work because of the virus.

this bill doesnt seem that great. tbh.
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Zanzenburger posted...

That part only applies to people who owe no taxes to the government. It looks like they are prioritizing people with tax liabilities.

So if you owed taxes after filing in 2018, you should get the $1200.

Ah. I hope you're right. Hell, I doubt I'll get anything anyways since I've been on disability since 2017.

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just make this simple and $1200 for everyone not making $100k+ a year.

creativeme posted...

just make this simple and $1200 for everyone not making $100k+ a year.

it honestly needs to be monthly payments for the foreseeable future.

if this goes on for months those people wont be able to pay rent/bills for months.
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E32005 posted...

it honestly needs to be monthly payments for the foreseeable future.

if this goes on for months those people wont be able to pay rent/bills for months.

what did they do during the spanish flu?

CharlesBronson posted...

what did they do during the spanish flu?

they died.

almost a million in the US alone.

i think 20 million globally
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Amazing how easy bipartisan resolutions are at the time of a crisis huh?

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creativerealms posted...

Amazing how easy bipartisan resolutions are at the time of a crisis huh?

This solution is not bipartisan, at least I hope not.
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E32005 posted...

it honestly needs to be monthly payments for the foreseeable future.

if this goes on for months those people wont be able to pay rent/bills for months.

tbh this. i dont see the point in this. yes, it is going to help some people in particular situations, but it's going to help them for a very short amount of time. it seems like it's being targeted towards the most affected people during this, the workforce who is being interrupted during all of this, but this is obviously going to be a month to month issue for awhile.

it seems almost like a ploy for PR

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Antifar posted...

This solution is not bipartisan, at least I hope not.

The democrats will agree with something, they are just trying to give Americans more. Ones they know they can't get more they will stop.

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lilORANG posted...

Socialism is scary, right Republicans?

IDK is an Arsenal AK scary? Because that is what I'm blowing that 1200 on

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So if you made < $75000 in 2018 but got a tax return (instead of owing) then you get $600?
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MarqueeSeries posted...

So if you made < $75000 in 2018 but got a tax return (instead of owing) then you get $600?

No your tax return has nothing to do with it.


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J.G. Wentworth liked this post

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Hayame Zero posted...

J.G. Wentworth liked this post

hittin' up the JG
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Well, I'll get screwed if this is what they do. I was working all of 2019 and paid well more than enough, but in 2018 I was only working a couple months and so I'd end up with just the $600.

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Not terrible, but I hope negotiations improve it

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Ivynn posted...

Don't spend your Trumpbux on video games, CE. Be responsible.

Yea.....I might change my plan. I was gonna blow it but....maybe I shouldn't .

I didn't make any money last year guess I'm screwed typical republicans

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I agree with no means testing and just advising who don't need it to donate it
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They'll argue back and fourth between this while people slowly die.

Of course this could be solved if the GOP wasn't actively horrible(Moscow Mitch preventing a bill from going out just to spite Dems)....

Universal is of course the ideal option.

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EverDownward posted...

So, wait, those that arguably need that money the most get less than those that are presumably of middle-class status?

Yeah, that's pretty ridiculous.

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Just so the people saying "just make it Universal" are aware, Pelosi has at least implied that she will reject bills that do not include means-tested payouts. A universal relief bill will not make it past the house.

https://www.politico.com/news/2020/03/17/white-house-senate-republicans-coronavirus-aid-133732

House Democrats have long said the payroll tax cut was a nonstarter but were also lukewarm to the idea of just doling out cash payments. When a former economic adviser to President Barack Obama raised the idea privately to Democrats last week, Pelosi shot down the suggestion saying she didnt want to write checks to millionaires.

As Congress considers the next steps, the Speaker believes we should look at refundable tax credits, expanded UI & direct paymentsbut MUST be targeted, Hammill tweeted.

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Inb4storesraiseprices

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We're aware of Pelosi being awful.

"Sorry people who are about to be kicked out because your job shut down until further notice we can't help you because we might give rich people an unnoticeable (to them) amount."


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Sayoria posted...

Inb4storesraiseprices

If they want to be ripped to shreds by the public. That's also illegal, but laws mostly only apply to poor people.

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I'm disabled.

I really hope they still give me some of that extra money

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i don't understand why in the fuck republicans and democrats can't put aside partisan patty-cake even in the face of a severe, globally threatening crisis. jesus christ.

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Sayoria posted...

Inb4storesraiseprices

that's actually already happening in my local grocery store.

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