Law Congress and White House Strike Deal for $2 Trillion Stimulus Package

Discussion in 'The War Room' started by Jake the Muss, Mar 25, 2020.

  1. Jake the Muss

    Jake the Muss Black Belt

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    The plan would provide direct payments to taxpayers, jobless benefits and a $500 billion fund to assist distressed businesses, with oversight requirements demanded by Democrats.

    https://www.nytimes.com/2020/03/25/us/politics/coronavirus-senate-deal.html

    The deal is set to include a range of far-reaching provisions. Everything from $1,200 government checks for individuals to hundreds of billions of dollars to fight the crisis are included.

    https://finance.yahoo.com/news/coronavirus-2-trillion-stimulus-deal-for-businesses-080739448.html

    Updated 28th of March:
    President Trump Signs $2.2 Trillion Coronavirus Stimulus Package Into Law. Here's Whats In It

    Direct payments to Americans
    American taxpayers earning up to $75,000 will receive $1,200, and couples earning up to $150,000 will receive $2,400. Beyond those amounts, payments will decrease for individuals earning up to $99,000 and couples earning $198,000. Every child in single- and two-parent households earning less than $198,000 will also receive a $500 payment. The payments will be based on 2019 tax returns – or 2018 if those were the last returns filed. Treasury Secretary Steven Mnuchin has said the payments will be in the form of direct deposit and, if the House approves the bill and Trump signs it, will be sent within three weeks.
     
    Last edited: Mar 28, 2020
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  2. Misfit23

    Misfit23 Black Belt

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    Really pissed that boeing is getting a handout. They don't deserve shit.

    Airlines will be asking for another handout later in the year.
     
  3. MMAisGod

    MMAisGod Ya keep pushing or ya quit. That simple.

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    Also read here.

    https://thehill.com/homenews/senate/489382-senate-white-house-reach-deal-on-massive-stimulus-package

    Wow this literally is 99.99% of what I was saying the whole time. So much wasted time on this. One side foolishly including no oversight on 25% of the funds (President can use for company, stock buybacks, CEOs win, etc), another side proposing an alternative mixed with a ton of nonsense that has nothing to do with emergency relief (voting, gender quotas, climate, etc). The agreed upon changes in the bill should have been the one and only discussion and should have been resolved in a matter of hours.

    @Jack V Savage @Trotsky this is what should have been done a week ago. The only solace is that both parties dropped the foolish sections of their proposals and the right thing was done without wasting even more time than was already lost.
     
  4. nostradumbass

    nostradumbass Steel Belt

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    Unless they changed something, I believe the companies are getting loans, not actual handouts.
     
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  5. Teppodama

    Teppodama Red Belt

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    So what's the official cap for couples married filing jointly?
     
  6. plataoplombo

    plataoplombo Green Belt

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    I read somewhere that it's $1200 per person plus $500 per child.
     
  7. Kandyland

    Kandyland Blue Belt

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    But I read that if you make over $75,000 the handout is less, which is what I fall in.
     
  8. Teppodama

    Teppodama Red Belt

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    They are also capping it to incomes under $99,000 a year. Is that for individuals or couples filling jointly. If they are basing it on 2018 tax returns it makes a difference. A couple may not be making that any more in 2020.
     
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  9. Jake the Muss

    Jake the Muss Black Belt

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    Problem. Reaction. Solution.

     
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  10. Dirt Road Soldier

    Dirt Road Soldier All Praise To The Gun!

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    Good that they finally got it done. A shame.it took so damned long, but people just HAD to hold it up with a ton of bullshit and drag it out for no apparent reason.
     
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  11. Gunny

    Gunny Gold Belt

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    Has the house approved? Last I heard, the White House and the senate had approved.
     
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  12. Teppodama

    Teppodama Red Belt

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    Would nice if there was information on when it's supposed to go out to everyone. As for getting it voted on in the House, Senate and signed off by the President. Will be interesting to see the fall out for the individual and party that holds it up this time.
     
  13. Arashikage4Life

    Arashikage4Life Green Belt

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    There are gonna be mad corona germs on "deposit" buttons on ATMs across America once those checks are delivered.
     
  14. andnowweknow

    andnowweknow The Giant On Whose Shoulders You Stand

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    May.
     
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  15. Teppodama

    Teppodama Red Belt

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    Where did you get May?
     
  16. Kandyland

    Kandyland Blue Belt

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    https://www.nbcnews.com/politics/co...sive-2-trillion-coronavirus-spending-n1168136

     
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  17. andnowweknow

    andnowweknow The Giant On Whose Shoulders You Stand

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  18. plataoplombo

    plataoplombo Green Belt

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    That's what they said last week, not sure what they agreed on last night.
     
  19. Teppodama

    Teppodama Red Belt

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    Any concrete news on whether it's a one time payment or if it was extended to multiple payments? I know originally it was a one time payment. But I did see a news article that it was extended to four payments but I can't confirm that as legit.
     
  20. plataoplombo

    plataoplombo Green Belt

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    As of a few days ago it was 150k for couples filing jointly.
     
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