Current Events > Senate proposal could provide as much as $10,000 per month to American families.

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https://www.cnbc.com/2020/06/06/coronavirus-senate-proposes-up-to-10k-monthly-for-families.html

One generous proposal on Capitol Hill could put as much as $10,000 per month into American families hands to help them weather the coronavirus pandemic. In some ways, its a nod to universal basic income, the concept of indefinitely providing people with a guaranteed amount of money per month. But the plan calls for providing the financial relief for only as long as the pandemic lasts. The bill, named the Monthly Economic Crisis Support Act, was introduced in May by Sens. Kamala Harris, D-Calif.; Bernie Sanders, I-Vt.; and Ed Markey, D-Mass. It calls for sending $2,000 per month to individuals and $4,000 to couples, as well as $2,000 per child for up to three children. Those earning under $120,000 would be eligible for support, though the payments would be reduced for income over $100,000. Harris addressed the high level of spending the proposal would require this week in a webcast hosted by The Appeal, a news website.

One of the things, first of all, that I find tiring is those who want to suggest, Oh, this is a lot of money, when theyre the same people who passed a tax bill benefiting the top 1% and the biggest corporations of America and are going to cause us to face a $1 trillion deficit as a result of it, Harris said. Those making $120,000 or less account for 90% of workers, said Melissa S. Kearney, professor of economics at the University of Maryland. Thats not really targeted, she said. Meanwhile, recent Federal Reserve data have shown that 40% of people with less than $40,000 in income have lost jobs during the pandemic. One idea, she said, would be to send households making less than $50,000 a $4,000 payment, with phase-outs for incomes on the cusp of that threshold. Other proposals that lawmakers are also considering include sending Americans another round of $1,200 checks or extending the extra $600 per week in unemployment benefits into next January.



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ray liotta laughing

It was an issue to give everyone a free 1,200. Now people gonna get 120k a year XD.

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Yeah right. It might pass the Senate but not the house.

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Not gonna pass.

There's a better chance of sballen growing a pair and holding his mods accountable then this passing.

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DarthDemented posted...

Yeah right. It might pass the Senate but not the house.

It won't get through the Senate because of the Republicans. I can see the House passing something like this, though.

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Yeah sure, and I'm fucking Mila Kunis.

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just do another 1200 so it'll go by faster, as much as I would like 2k I'm down to my last 50 bucks or so government pls

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You guys are so dumb if you think this wont pass the house. What's wrong with receiving $10K/mo for free? You dont want free money?

Master_Bass posted...

It won't get through the Senate because of the Republicans. I can see the House passing something like this, though.

Right. Got it backwards.

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What's the point of that? Do any of you understand what will even happen? The value of money will be so deflated that it'll be like Mexico's peso. 2000 will be like the old 20.

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21WIVES_CHILL posted...

You guys are so dumb if you think this wont pass the house. What's wrong with receiving $10K/mo for free? You dont want free money?

It won't even reach the house

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BRB quitting my job to sit at home

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21WIVES_CHILL posted...

You guys are so dumb if you think this wont pass the house. What's wrong with receiving $10K/mo for free? You dont want free money?

lol

Seize the billionaires' wealth and we could provide this forever.

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AlephZero posted...

Seize the billionaires' wealth and we could provide this forever.

math must be really hard for you

21WIVES_CHILL posted...

You guys are so dumb if you think this wont pass the house. What's wrong with receiving $10K/mo for free? You dont want free money?

As nice as it would be to get free money, we will end up paying this back via higher taxes. PLUS inflation will be insane as a result of this.

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Yeah, I dunno what to think right now. I'm one of the millions of unemployed and don't really have a lot of prospects because I was bartending before this and business is at a standstill. I also don't want to serve anyone while there's a pandemic going on. But there also needs to be incentive to get back to work at some point.

So I've been brushing up on coding and trying to resume a possible career there, but that's also a decent ways off.

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Man Markey sucks, he should be replaced by someone just because of their last name.

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EnragedSlith posted...

Yeah, I dunno what to think right now. I'm one of the millions of unemployed and don't really have a lot of prospects because I was bartending before this and business is at a standstill. I also don't want to serve anyone while there's a pandemic going on. But there also needs to be incentive to get back to work at some point.

So I've been brushing up on coding and trying to resume a possible career there, but that's also a decent ways off.

There will always be an incentive to go back to work. Even if this passes, the payments will not be forever.

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DarthDemented posted...

Right. Got it backwards.

Right...mcconell would never let this happen...and its a bit too much imo and fiscally irresponsible. Lower the unemployment but keep it for a longer time. Anyways republicans really did not want another stimulus and if they do pass it would be the last one. Only way I see senate approving it is if things get worse and thell try it just make Trump look better on election year.

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