Trump To Start Sending Coronavirus Checks To All Americans

I'll give it to Democratic candidates. Thanks, Trump.

MNuchin said it may be more than what's being reported.

I'm not going to turn down money from the govt, but how is this going to work? They send to whomever filed income taxes? How do they know? Seems prime for abuse.

And how do they think $1,000 is going to help a professional losing their steady income of several thousands per month?

Also, WTF good is suspending payroll tax if no one is working ??

Tell you what, Orange Cunt...I'll trade my thousand bucks for a FUCKING FUNCTIONAL FEDERAL GOVERNMENT WHO WILL HELP IN THIS CRISIS. Stick it up your fat diseased ass.

I'm a book me one of dem fancy cruises!

Desperate attempt to buy votes.

I’m gonna use it on Chaturbate tokens.

I'm going to need waaaaay more money to even start forgetting this fuck up.

Earring and caftans

Rentboys. Meth. I'll use whatever is leftover on rehab.

I'll donate it to Amy McGrath's campaign against Mitch McDonnell: The Evil Turtle

I'm using it for cancer care and lotto tickets, or for gas & hotel costs for my in-laws.

^meant McConnell

Pay my rent a month in advance.

What are they going to buy with the money? The store shelves are empty? Are they all going to throw big parties that nobody can come to? You can't buy off a virus. We've lost 30,000 dollars of our retirement investments in the last week, but thanks for the thousand dollars, Incompetent Fool!

I'm going to buy a pretty blouse.

I'm going to buy a paper doll that I can call my own.

Keep it coming, Uncle Sam :)

The Trump people are always teasing this sort of thing. Before the virus it was "now it's time for the middle class tax cuts." I would love to see some checks cut, but I worry this is going to be laughed into oblivion by Congress like every other populist economic idea that tentatively floats out of the White House.

And I'm buying new shoes with mine.

And the 1% will get their checks first, no doubt.

To wipe their asses with.

One glorious night of whore boys and coke

Gonna give it to the homeless.

They need to give ONLY to those that don't have leave pay.

Trump is going to bankrupt the USA

I'm going to use it on a down payment for a new Ranger Rover.

He's obsessed with the economy. The government should be moving heaven and earth to get more hospital beds, ventilators, and test kits.

This just shows once again where his priorities lie. He could give a shit if thousands more Americans die, as long as the recession doesn't hit before November.

What a piece of shit.

Jim Beam and toilet paper.

Dolls. Lots and lots of dolls.

Plastics!

A new alligator belt, OP.

I'm gonna throw the ultimate foam party!

Call me!

Sooo we will have to declare this on our income taxes, yes? And pay taxes on it.

botox bitches!

He wants a $1 trillion stimulus package. Desperate.

The deficit is going to skyrocket like crazy with the economy in recession and spending on massive stimulus packages.

It's going to take another Democrat to clean up the mess left behind by a Republican president. I hope Biden can do as good a job as Clinton and Obama did.

I'm going to spend my $1000 on a big, beautiful caftan!

It seems it's always like that: GOP presidents run the economy into the ground, Dems clean it up, but lose the midterms so they can't get in all the reforms they want. Things slow down because the GOP stymies them, and then they lose to a GOP candidate, who takes credit for the recovery and runs the economy hot and ultimately into the ground again.

It’s not my money 💰 anyway, so I’ll give you 1000 dollars of your money back so you’ll be stupid enough to vote for me in November!

Returning it to the IRS to pay 2019 taxes. I think I owe $1500.

Hooker boys for that cum dumping I've always wanted.

These feel-good tactics never work. $1000 isn't going to sustain anyone for very long.

Remember the tax cut for the rich, that was supposed to be for the middle class to see more in their paychecks? That worked out so well.

Speak for yourself.

I think we should spend all our money on make escorts, as a "fuck you" to Mike Pence

A.K.A. DESPERATE TRUMP WANTS TO BUY YOUR VOTE.

Who's going to pay for these checks, in addition to the $23 billion national debt the government already owes?

NO REPUBLICAN, THAT'S FOR SURE! Trump will just borrow it so the interest your grandchildren have to pay on it is 10 times more than what you consume today.

BECAUSE REPUBLICANS ARE SOCIALISTS.

#Socialism

$1000 will pay my ACA insurance premium for one month! Yay! I will have coverage in April. After that - who knows. My business is shrinking and I am self-employed and not eligible for any type of help like unemployment.

Socialism seems fun

This thread explains why there are so many crybabies in all the financial-related threads (retirement, Suze Orman, stocks, etc.)

Save the measly 1,000. You didn't do jack shit for it, it was given you easily, and apparently it will depart you just as fast.

Republicans are always complaining about "government handouts"....so will the freepers send their checks back?

We're going to have a 400 trillion dollar debt when all is said and done, just as long as chump gets reelected is all munchkin cares about, fuck future generations. Don't fuck with China is the moral of this story.

I was about to write what R51 wrote. How idiotic do Republicans sound when they accuse Democrats of "promising free stuff" and then meet a crisis by tossing out $1000 to everybody instead of building proper governmental programs?

The Deplorables will never accept the money from the Federal Government!

R53 Gee, you'd think the Republicans were hypocrites (spoken in a Julia Sugarbaker sarcastic drawl)

Oh boy, $1000 bucks from the liar who wants to eliminate the Affordable Care Act, destroy Social Security and Medicare, stock the courts with right wing asshole judges, cheat on elections, and continue to enrich himself and his wealthy cronies with tax cuts at the expense of our democracy.

Nevertheless, I'll put it in my savings account if I get it, which I doubt I will.

It's sickening to watch him take credit for the action spurred by the critique of his bumbling administration and try to get votes out of it. Nope, $1000 won't buy a vote from me.

Lottery tickets.

Is there an age minimum? If not then some of those Hassidic families with 12 children are gonna make some bank. In addition to the thousands they already scam the government programs.

In gratitude, a tatttoo. "Trump Can Grab My Mussy", with an arrow above my crack.

Maybe Trump and Melania should do a cross-country whistle-stop tour and throw hundred dollar bills from the back of a moving of train.

My question is, will this money be treated as taxable income? The last thing people out of work need is to have to pay taxes on their bailout money.

You know Miss Warwick will be checking the mailbox for that Corona check now that her concerts have all been cancelled.

Maybe some new shoes and a pair of socks. My feet are starting to stink!

Meth, hustlers, and hotel orgies!

There are 328 million people in the US. That means paying out $328 BILLION for a pittance amount that will make very little to no impact.

I wonder if this is some evil Republican scheme to get the Democrats to veto it on the basis that it's not good enough, then use that against them that didn't want to help the "American People" in a time of crisis.

R58 I don't think this applies to people already getting government assistance, like social security and SSI. I could be wrong, but I seriously doubt if those people will get getting another check from the government when they already get assistance. Eventhough it's not much to begin with.

But who knows.

Social Security IS NOT "government assistance". So, you think they'd send checks to people who have jobs, but not to people living on fixed Social Security incomes? I doubt that.

And R65, they're not going to send a check to every human being in the country, only adults. Approximately 75% of American citizens are over 18.

[quote] And [R65], they're not going to send a check to every human being in the country, only adults. Approximately 75% of American citizens are over 18.

I take that back. They're now saying they may give $1000 to each adult and $500 for each child.

hasn’t this been done before in the past? not exactly sure who and what situation.

I can just see the ad campaigns now targeted to the same people who can't wait for their income tax refunds and get "quick loans" for them.

"Use Your Federal Coronavirus Check Now on a 2020 Kia!"

I don't think the top 10% need it. How much is it going to cost to send this all out?

R69 - yes, it was done under Bush Jr. I think it was $500 then. Didn't do squat.

WELFARE PAYMENTS FOR EVERYONE!!!

And from the Republicans, no less! Now I’ve seen everything . . .

They should be sending everyone a check for $3K. Every week until this shit is over. That'll help a lot of people really good.

Republicans are getting mighty desperate. They know they fucked this up.

3 months of mortgage relief would be so much better.

I personally don't need it as I have an employer who will continue to pay me and I have a very very nice emergency fund - you guys really need to have one!

TRUMP'S COMPLETE MESS of everything is going to take decades to unravel!! He is going to add so much to the national debt that we are going to be in a real hurt in the future. PLEASE PLEASE PLEASE save as much money as you can for the future....you don't want to be old and destitute!!

Humble brag of the week @ R76

I spent the last 2 months telling my minions to blanket the airwaves and tell you the Coronavirus was a Libtard Hoax!

Well, if I pay you a 1000 dollars can we forget about that???

I spent the last 2 months telling my minions to blanket the airwaves and tell you the Coronavirus was a Libtard Hoax!

Well, if I pay you a 1000 dollars can we forget about that???

^It turns out we really need the poors & the sicks in November!

[quote]Trump to start

Trump has little to do with it. It isn't his idea, nor could be do it under his own powers. Finally, it isn't his money. It's the American people's, as appropriated by the House of Representatives under Nancy Pelosi.

I hope you know how the appropriations process works, OP.

Democrat Tim Ryan and the Congressman for San Fransisco are proposing a plan that would be at least $1000/month.

I'm as liberal as they come, but even I think this is a horrible idea.

Has Andrew Yang commented?

It's all well and good, in the moment. But people need to understand that all this money will have to be recouped at some point. Before the first check is mailed someone in the Federal Govt. needs to explain to people what this will mean in the long term. The answer may not be very palatable.

French Stewart should play Mnuchin in the movie version.

Knowing the Trump admin, they actually will send it in the form of a check, and banks will become the new virus hotzones once everyone rushes there to cash it

I think 🤔 it’s called buying votes or pandering or electioneering.

I think this was an attempt to rebound the Dow. Let's see if the checks ever get through the mail.

Wouldn't it better, if they delivered a $1000 worth of toilet paper, hand sanitizer, rubbing alcohol, bleach, and face masks, etc. to everyone?

Hopefully, my planned vacation in June won't be cancelled. An extra thousand for The Mouse!

I will send it to Amy McGrath, the Democrat running in Kentucky to replace Mitch McConnell.

Yay! We can buy our own respirators! From the Kushners, no less. Yay

What if you don't get yours? I just moved

R65, yes, I think it is a blatant attempt to buy support and when the Democrats point out that we can't afford it and block direct payments to citizens...you can see how that would play for Trump.

R93, respirations

I know this guy; he gives me the BFE with a dash of big brother/buddy; I've never felt better in my whole life than I'm with him.

Sad, in some ways, sure.

But for the next week I walk around with a serious case of JBL

Ha! I see what you did there r95, hilarious!

Good question R94. If they are basing it off last years tax returns, certainly many people have moved since then.

This will be an expensive clusterfuck.

Give it to ME, Amy Klobuchar- the smart gal. I get things DONE. It all started in a blizz--

Oh, wait...

I feel bad for Andrew Yang. Republicans jacked his idea for this crisis.

[quote]I'm not going to turn down money from the govt, but how is this going to work? They send to whomever filed income taxes? How do they know? Seems prime for abuse.

There is precedent for it. George W. Bush sent $600 to everyone when he was in office. I think it was done by income tax filings.

And we're gonna make them millionaires pay for it!

Oh wait, that's us..

I'm sure it will be means tested.

Everyone’s on the Yang train now! I’ve said before he was totally ahead of the curve. Go Andrew Yang!

And btw, creating more jobs right now a la the New Deal won’t work because people aren’t allowed to ac to actually “go to work.” So this is the only way. And it’s much quicker and simpler.

For it really to help though it would have to be per month until the worst of the crisis is over. And then we’ll really be in debt up to our eyeballs. Oh well.

If they are only giving it to people who file tax returns, that leaves off a lot of people, like college students, unemployed people, disabled people who can't work, etc.

I think you should be able to choose mortgage relief x however many months this lasts, or a check. That way, renters and those who already own their homes benefit, and those who choose to suspend mortgage payments just add it to the end of the mortgage.

Will there be a mandatory Drug Test prior to receiving your republican welfare check?

Well their scheme is already starting to work, because now people are starting to discuss the $1,000 and not focus on the actual crisis.

Again, it's a stunt meant to bring up the stock market. It's kind of like the poor coal miners who gave their paychecks back to the company store. This isn't 'free' money by any means.

If you give a tax cut to the wealthy, they stash the money in the Cayman Islands. If you give working people the money, they spend it in places all around them and grow their local economies.

The last time they did this (Economic Stimulus Act of 2009), they used income from the previous year tax return to determine if you got a payment. I remember that lots of single people here didn't get the payment because:

[quote] Rebates were reduced for higher incomes at $75,000 for individuals and $150,000 for couples.

I have no idea how they plan to limit the checks paid out this time, but they have a model, so don't spend the future check yet.

It would not surprise me if this huckster Trump and the shyster lawyers around him decide the checks are an advance on your 2020 tax refunds. If other words, if you have a refund of $1500.00 on your tax return due 4/15/2021, it will be reduced by the !K advance. If you owe $500 next year, you will owe $1500.00.

Of course, this won't be decided until after November 3rd.

Or an alternate scenario: social programs, i.e. food stamps, social security, Medicare and Medicaid will be cut by the amount of checks issued. Again, this won't be decided until after November 3rd.

$1,000 is not much, it’s $600 after taxes.

What are they going to pay this out of, Social Security and Medicare (as the Republicans openly want) or going back to the higher tax rates on high income (as we should do)?

Btw so far today the US has added 1,645 new covid cases for a total of 6,308. Expected, given the wider testing, but shocking. I saw this coming two weeks ago and it still seems unreal.

[quote] $1,000 is not much, it’s $600 after taxes.

How many cartons of Marlboro and bottles of Jim Beam does that buy?

There won't be any deductions on next year's Income Tax.

The $1,000 will actually be vouchers, good only at Trump Hotels or Golf Courses.

I doubt we will see any of this...

WTF! Lousy $1000.00 won't keep me in TP for but a week.

Padded hangers and shoulder pads!

[quote] What are they going to pay this out of, Social Security and Medicare (as the Republicans openly want) or going back to the higher tax rates on high income (as we should do)?

They will borrow it, people are looking for a safe place to put their money now, they will buy Treasury Bonds even at the new low interest rates because banks will soon be charging to hold your money.

[quote] If you give working people the money, they spend it in places all around them and grow their local economies.

I wish that was true, but mostly people buy stuff from China with it, new phones, new TV's, new electronics, yeah some of it goes local but not nearly enough, still better than giving it to the rich though.

I'm going to buy Trump some foundation and concealer, in shades that actually match his skin tone

[quote] I'm going to buy Trump some foundation and concealer, in shades that actually match his skin tone

Titty Pink foundation and concealer, comin' right up!

I'm on Social Security, and I'd be very surprised if any of us 'takers' (SS, SSDI, SSI, FERS) see a penny extra.

I’ll buy a 6.5” Mikita grass shears, a Mikita 18 volt battery & charger.

R24

USA is already "bankrupt"; Munchin was already floating idea of selling very long term bonds to raise funds because treasury is running out of options. This is one of the outcomes of giving tax cuts without reducing spending; deficits, deficits, deficits.

That was before this latest crisis. Yes, make no mistake whatever bailout comes out of Congress, and is signed by the Orange Idiot will be huge, loaded with pork and go right onto nation's credit card.

I like money

Why is it that republicans want to cute Medicaid, social security, every welfare program they claim as too costly but we've got trillions of dollars worth of borrowing from China they want to spend on bailing out corporations and ballooning the defense department for stupid "wars"?

They’re going to lace the checks going to registered Democrats with COVID-19.

Will retirees be receiving checks, too?

No r132, you’ve had enough

R130, because it's all a scam and a pack of lies.

R126 here's some info you may find informative. If they should try to block people living on fixed Soc. Sec. retirement incomes you'll see hell unleashed on them like never before.

I’ll spend my thousand dollars on Smirnoff and Sprite.

I believe we got the $500 check from Bush right before 9/11 because I remember writing to Barney Frank that I think we should all give it back to help with the crisis of the moment.

Any American who hasn't realized by now that the tax cuts were bad is a lost cause.

Of course, we will elect a Democrat to fix the mess. Then they will be heavily criticized and Republicans will sweep again and we'll be back in this mess again. That is, if our elections are still in place.

I have no hope in this country. This nation is pure garbage. We never learn.

R137 I remember that. I also remember that my check was only $200

[quote] I’ll buy a 6.5” Mikita grass shears, a Mikita 18 volt battery & charger.

Damn. Are your pubes that out of control?!

I'm gonna get some rotary phones—princess style, you know, different colors for every room.

Let's grab a six pack of Schlitz!

Those assholes Biden and Obama would never. Thanks Trump!!

r143

Why am I not surprised that one of the crazy, racist Pete Buttigieg worshippers has revealed himself as a Trump supporter?

Biden doesn't have the mental capability to be President at this pate stage in his life.

R144, I'm a Bernie supporter but the DNC stole the election from Bernie ( and Pete) so I'm voting for Trump.

Biden has dementia

R145 neither does Trump

R146 you are the most emotionally satisfying FF and Ignore poster I have ever known!😊

No one stole anything from Bernie. Any significant political support he ever had he pissed away.

Every bit of success that he had in 2016 is a testament to how widely disliked Hillary Clinton is in the voting public. People didn't vote for Bernie. They voted against Hillary and Bernie was just there to reap the benefit.

No Hillary... No Bernie, either. Deal with that, R146.

Guys, watch out for r142.

He’ll buy you a six pack and squeeze the Schlitz out of ya.

I think they should give anyone filing for unemployment a super-charged payment. Anyone still employed, for the most part, will not need the money.

R149, Nah the media was put to destroy Bernie from day one during this cycle. The media and the DNC put great presure on other candidates to drop put and to endorse Biden. On super tuesday reporters were harassing Bloomberg , "WHY are you helping Bernie" and crying like babies.

They were out to Get Bernie. Fuck the DNC establishment and triple fuck Old Man BIDEN.

THAT OLD DEMENTED CORRUPT MOTHERFUCKER WILL LOSE WATCH AND SEE!!

Where am I? Why are my pants wet?

R151 my husband and I are in a unique situation though. I was unemployed for a year, and that ran out 6 months ago. Would I be eligible for extended unemployment now?

My husband accepted a new job offer that was to start April 1. His last day with current employer is this Friday. Well, yesterday we learned his new job had been pushed back at least a month, probably longer. So is he considered employed or unemployed?

We're fucked.

Where's my money????

Is it even possible for Munchkin to appear as anything other than a creep?

Of course not.

He's not creepy at all!

It would be nice if there were an option to put the $1000 in an IRA above the current limit.

R146 you're far too unintelligent to even enjoy the right to vote. You should be placed into a group home.

R154 he would be able to collect unemployment for whatever the period is between jobs that he is not getting paid. Now if he's getting any sort of severance package from his current job that may cancel out his eligibility, depending on how much the severance is.

Not that I think they should do it since we can't afford it and it's a lifeline for the Republicans-but they should tie it to the census, if they want the census to be accurate, which is always a problem, especially with Trump in office.

R162, they don't want the census to be accurate. Where have you been?

Where’s my fucking check?

For many, that $1000 will be needed to pay off the credit card debt that they just incurred during last week's panic-driven hoarding spree.

Another fat whore who’s buying the most luxurious caftan ever

[quote][R154] he would be able to collect unemployment for whatever the period is between jobs that he is not getting paid.

No, he wouldn't. Unemployment is for people who have lost their job through no fault of their own. He obviously turned in his resignation from his old job, so that was his decision. If he tries to file, his previous company can challenge it because it will cause their rates to go higher.

Oh, reading between the lines I thought he'd been let go from his current job.

But then, considering the new job temporarily changed the start date they may approve him since that is no fault of his.

R168 that's what we're hoping but he never officially started (filled out new hire paperwork etc). Just an offer letter stating start date and salary info. I don't know how that works if he never actually started.

[quote] But then, considering the new job temporarily changed the start date they may approve him since that is no fault of his.

Then which company would the government bill to cover his payments? Neither company will want to pay out his benefits.

Companies don't pay the benefits. Companies pay a small tax with a rate that is adjustable and which is based on the number of claims filed by former employees of the company in question. The range of that adjustment is not all that great. When there are claims, the tax can be adjusted up, but only a bit. Employers carry on FAR TOO MUCH about this.

The economy has been booming and the unemployment rate has been extremely low. Each state should have an Unemployment Insurance Fund that is brimming in cash. But this reversal is so extreme that those state Funds will soon begin to feel the pressure. Someone at the state's Department of Labor will have review all the documents to determine whether any particular claim meets the legal requirements.

That will come in handy. Thanks bitch!

Whatever money the GOP decides they want to send out the Democrats need to insist on considerably more, which they probably won't get. The republicans will look like cheap asses and the voters will remember who was looking out for them more

I've tried posting the link several times but I keep getting an error message; I guess Muriel doesn't like links from The Hill.

Looks like they're going to base the payments on the 2008 model. $75k income limit for singles, $150k for couples.

I think they'd be better off beefing up states' unemployment benefits instead of sending checks to anyone who meets the above income limits. And I can't believe I would EVER agree with a Republican, but Miz Lindsay and Rand "how's my wig?" Paul said the same thing.

Senate GOP negotiators are eyeing income thresholds of $75,000 for individuals and $150,000 for couples for the direct payments President Trump has proposed to ease the economic impact of the coronavirus.

Republican senators say they want to model direct payments on the stimulus checks former President George W. Bush sent out in 2008 during the financial crisis. Twelve years ago, the rebates were reduced for individual incomes above $75,000 and joint incomes above $150,000.

GOP lawmakers caution, however, that they haven't yet finalized the proposal, which remains under negotiation.

"It hasn't been written up yet, but I think the idea was to follow the formula used in 2008. And those are income thresholds that I think everybody finds acceptable in describing middle-income taxpayers," said Senate Republican Whip John Thune (S.D.), who has been in the middle of talks for putting together phase three of a stimulus proposal.

Cont'd...

Thune said he expects the phase-out to be modeled on the "way they did it" in 2008.

Setting the income threshold at $75,000 per individual would allow the benefit to cover many workers in low- and middle-income jobs who would have trouble covering expenses if they missed work.

Restaurant workers are one sector of the economy that will be hit especially hard by quarantines and state, local and federal guidelines regarding social gatherings.

A second Republican senator familiar with the proposal confirmed negotiators are looking at phasing out direct payments at $75,000 in individual income and $150,000 in joint income.

The lawmaker said one possibility under discussion would be to provide "$1,200 for each adult and maybe $500 for kids."

"It would be a pretty quick phase-out," the source said of individuals making more than $75,000.

Cont'd...

A third Republican said the total cost of the direct payments would be in the ballpark of $300 billion. That would be less than the Treasury Department's request for two $1,000 payments for eligible adults, which would cost an estimated $500 billion.

But not all Republicans are on board yet with the idea of direct payments.

Sen. Lindsey Graham (R-S.C.) said after a lunch meeting Wednesday that the money would be better spent on beefing up unemployment benefits.

Cont'd...

"I think it makes sense later, not now. Here's what people are worried about today: 'I lost my job.' The unemployment benefit in South Carolina is $323 a week," Graham said. "That's not nearly enough to take care of the needs of most Americans."

"What we're talking about doing is for the federal government to make up the difference between whatever your unemployment check is at the state level up to 75 percent of your income if you make $80,000," Graham said.

He added that the unemployment system is "woefully inadequate for the circumstance that we're under."

Sen. Rand Paul (R-Ky.) said he also would prefer boosting unemployment benefits instead of direct payments, which would also go to people who haven't lost work because of the crisis.

"I think the best way to help people who are out of work from quarantine and the coronavirus is through unemployment benefits," he said. "I think it should be related to employment or unemployment."

"If you're still employed and doing well, why would we want to send you $1,000? It just seems to me fiscally irresponsible just to send everybody money. The main reason people are not spending money is not because they lack money but because of fear of the virus," he added.

A Republican senator who requested anonymity to voice concerns about direct payments wasn't in favor of the policy but noted the decision has already been made to include them in phase three of the stimulus package.

"If I was drafting the bill, it would not be in the bill," the lawmaker said. "I don't think it's a terribly effective way to fix" the economy.

But the GOP senator said it's a moot point.

"It's in there, and it isn't coming out," the senator said.

END

But it can take awhile to get unemployment benefits started, especially with so many people filing and overloading the system. I like the idea of a direct payment better.

I am shocked he hasn't labeled the Trumpcash or Trumpcare, I thought that idiot was suppose to be good at labeling.

Trump knows he will lose voters because of the higher taxes they are paying under his enforcement regime, so this is to change that narrative. Don't let him. He gave away money to the rich and corporations and started really socking it to regular people.

Funny how these financial crises almost always seem to happen when Republicans are in the White House. Now-Trump, Great Recession of 2007-2008-Shrub Bush, July 1990–Mar 1991 George H. W. Bush, July 1981–Nov 1982 Reagan, Jan 1980–July 1980 this one was Democrat Jimmy Carter, Nov 1973–Mar 1975 Nixon

The recessions I quoted are from Wikipedia list of recessions

The sheer stupidity of some Republican legislators still astounds me, long after I should have gotten used to it. Partly laziness, I think, but partly they just don't have the brains.

What about those of us who are employed but have to pay higher prices for groceries due to hoarding? Or higher prices for gas because we have to work overtime and use more gas?

[quote]Funny how these financial crises almost always seem to happen when Republicans are in the White House.

More like predictable.

Honestly, I’d rather have toilet paper and hand sanitizer than a thousand bucks. I have a thousand bucks. In a week I’m going to wiping my ass with my bare hands.

Hello, people. This is Trump. He’s going to take a trillion out, funnel a billion to himself, give two billion back to Putin (who never wanted the money back; he wants the US to fall), and no one will be the wiser.

Most middle-class people have seen the increase in their 401ks wiped out from the last few years, so a $1000 check won't mean anything to them.

Can we use our feel better money on the COVID-19 test? How much does it cost? Pretty sure some people are just buying it.

high interest CD for 5 years

I’m going to go buy a Pangolin down at the local market and make some yummy soup.

How much money does America have in its bank account? Does anyone know? And does America actually have a bank account with money sitting in it?

How does that work, for all of the economic geniuses we have on DL who understand how government finances work?

Here garbage peasants, eat our tiny crumbs!

What if you live in a US region where federal taxes are not filed but where we pay hefty state taxes and the highest sale tax in the nation?9

R192 What bank account? At the end of fiscal year 2019, the total federal debt was $22.8 trillion dollars.

The average tax rate is going to be 50% the next few decades to pay for this shit. It is essentially a loan to ourselves that we will have to pay tax on.

First bit of money will begin to flow ......

How do they know where to send money? Do you register? I recently moved and haven't updated my DL yet so my legal address is still not updated.

$1000 won't even make most people's monthly rent.

Actually, it will pay 2 mos. of my rent.

R198

This should answer your question.

#197, Mitch looks like he's deciding whether to spit or swallow.

R199 et al

Democrats like Schumer are already saying one $1000 check probably isn't going to cut it. He and other democrats are angling for several such payments spread out over coming twelve months or so, along with enhanced unemployment benefits and other relief.

But then again as usual Chuck Schumer can't keep from running his mouth. His victory lap over first relief bill might poison waters for future .

[quote] How much money does America have in its bank account?

You should look at the US debt calculator. It doesn't matter how much money we have, we owe infinitely more than we can pay. Therefore the US is technically bankrupt.

What are we supposed to spend this theoretical money on when they won't even ramp up toilet paper production or prosecute the hoarders?

$1000 is nice but it doesn’t even scratch the surface for most people. I don’t make six figures but $1,000 is not much. How about suspending taxes on my paycheck? That would help.

Ha

R206 if you are still working why do you want either? This money shouldn't be given away to people still working and bringing in paychecks. Cutting taxes will be a catastrophe as well. That's the money for SS and Medicaid. It's opening the door for them to get rid of it and screw this country more.

It's purely about Trump trying to save the economy -- not the citizens. It won't work and it'll put us more in debt.

The tax cuts idea has been done away with. That's no longer an issue.

Or I should say "the payroll tax cuts".

Just send the checks to everyone. Skip all the bullshit jumping through hoops for unemployment insurance. And yeah, I know they want a bunch of people like r154 to fall through the cracks. Just skip all that crap and the careful restrictions to keep the "unworthy" from getting anything and send the goddamn checks out. And yeah it should probably be $2000. We piss that much away on useless wars and useless tax cuts, for once spend on people who actually could use it.

Just break open the banks and start throwing money out like Justin Timberlake at the end of "In Time." There's more than enough for everyone.

or that r212. Sort of a bailout in reverse.

Pathetic after trashing the economy and society. Bet you Jared and his smirk are behind this.

They say it’s now 3 weeks... work faster!!!

When and how should I expect this check? Do they have my correct address? How? Taxes? I've since moved.

I’m still working and I want a check too! Call me selfish but I’ve never had a handout.

They should call it what it is: Trump Welfare

Apparently they haven't stopped to think that someone living in New York City making 76k a year (which would mean they wouldn't get a dime) is like someone in Dallas, Tx. making 35k a year.

Funny how when a serious crisis hits, all Republicans drop their free-market pretenses and become total Keynesian liberals. It's like they know that plutocracy is unsustainable; they just make out like bandits as long as reality lets them.

Consider also anyone who owes back taxes won't get a dime either. Unless payment received exceeds sum owned, IRS will apply all of it to any balance due.

r220, this isn’t to stimulate growth. It’s to compensate people for lost wages. If there were time, it would be more targeted to people who need it, but given the circumstances, it’s being widely disbursed to people who presumably have less savings to fall back on.

I'll throw it on the pile with all my other thousands of dollars. Thanks, bitch!

[quote] Consider also anyone who owes back taxes won't get a dime either.

Well, it’s not a program to reward deadbeats.

[quote] this isn’t to stimulate growth. It’s to compensate people for lost wages.

No, this is to attempt to fool the voters into thinking that Trump and the GOP have their best interests in mind and everyone who gets a check should vote for Trump to show their appreciation.

I have to be the Debbie Downer for the thread and point out (going by past experience) that if you owe the IRS (regardless of if you are a payment plan or not), do NOT expect a check.

Probably doesn't apply to many posters, but ... get your expectations in check.

R221 beat me to it.

And fuck you R224.

Easter is coming. Maybe they should send everyone a chicken for their pot.

[quote]Consider also anyone who owes back taxes won't get a dime either. Unless payment received exceeds sum owned, IRS will apply all of it to any balance due.

No they won't:

[quote]d) EXCEPTION FROM TREASURY OFFSET PROGRAM.—Any credit or refund allowed or made to any individual by reason of section 6428 of the Internal Revenue Code of 1986 (as added by this section) or by reason of subsection (c) of this section shall not be subject to reduction or offset pursuant to (1) section 3716 or 3720A of title 31, United States Code, or (2) subsection (d), (e), or (f) of section 6402 of the Internal Revenue Code of 1986.

R230

No, I don't think that applies to this conversation.

Last time stimulus checks went out back taxes were certainly withheld.

quote

Q. I received my stimulus payment, but it was less than what my friends and neighbors received. Why?

A. Your economic stimulus payment is based on information provided on your 2007 income tax return.

Many but not all taxpayers qualify for the maximum basic payment of $600 for singles or $1,200 for married couples. Many parents are also receiving an additional $300 for each qualifying child, born after Dec. 31, 1990.

Your payment may be less than the maximum for one or more of the following reasons:

You are single and your net income tax liability is less than $600. If you file Form 1040 net income tax liability is the amount shown on Line 57, plus the amount on Line 52.

You are married and your net income tax liability is less than $1,200.

You are single and your adjusted gross income (AGI) is more than $75,000. On Form 1040, AGI is the amount on Line 37.

You are married filing a joint return and your AGI is more than $150,000.

You owe back taxes that reduced your payment.

You have non-tax federal debts such as unpaid student loans or child-support obligations that reduced your payment.

Around the time you receive your payment, you will also receive a notice from the IRS explaining how your payment was calculated. It is important to keep this notice as a record of your economic stimulus payment. In addition, you’ll get a separate notice if you owe back taxes or non-tax debts that were offset or deducted from your stimulus payment. /quote

Unless Congress specifically instructs otherwise am more than unusually sure IRS/government will take their cut of whatever funds anyone has coming to them for back taxes or certain debts.

Such absolute bullshit. The second the media started screaming "EVERY AMERICAN WILL GET A CHECK FOR $1200.00) I smelled bullshit. Based on this article the GOP scheme complete penalizes the poor. People who don't make enough money to be required to file a tax return, if they get a dime, will only get $600.00 tops. You'd think those folks would be the first to get the full payout, since, you know, THEY'RE POOR AND NEED IT MORE! The whole thing screams of a scam in the making. Fat fuck Trump claiming people will get a lot more than $1000.00. Yeah right. Another lie.

[quote] How do they know where to send money? Do you register? I recently moved and haven't updated my DL yet so my legal address is still not updated.

Don’t you have your mail being forwarded from your old address?

Oh hell yeah!

The gub’mint gonna make it drizzle.

I'm going to subscribe to Datalounge, of course!

$1000 ... Low cost cremation is around $700 (including a simple urn), so this leaves $300 for some flowers and a nice take-out meal for immediate family members only.

Good thing Golden Corral has one set price no matter how much you gorge.

r112 called it