Senate and WH Agree on Terms of Stimulus Package

[The Sultan]

OK...then I disagree "in part." 

[Archies Bat]

https://news.yahoo.com/john-kerry-declares-gop-rep-160500468.html?ncid=twitter_yahoonewst_sjwumo1bpf4

[GooooMarquette]

https://news.yahoo.com/john-kerry-declares-gop-rep-160500468.html?ncid=twitter_yahoonewst_sjwumo1bpf4

Never thought I would agree with both John Kerry and Donald Trump...but I agree with both John Kerry and Donald Trump.

[MU82]

https://www.courier-journal.com/story/news/politics/2020/03/27/donald-trump-throw-kentucky-rep-thomas-massie-out-gop/2924610001/


What an a$$hole.  Apparently is rejecting to having a voice vote on the meausre, so now Reps have to return to Washington to have a role call.

Deservedly getting it from both sides including the President.

However, he had no problem adding $1T+ to the national debt and deficit when it came to giving a thumbs-up to the Tax Cut For Billionaires Act.

[shoothoops]

Immigrants and the stimulus checks:

https://twitter.com/crampell/status/1244629337845960704?s=19

[jesmu84]

Looks like the administration will be ignoring the regulatory oversight in the stimulus bill.

https://www.cnbc.com/2020/03/28/trump-pushes-back-against-congressional-oversight-for-500-billion-bailout-fund.html

That's a real kick in the nuts. Free $4.5 trillion for whoever has the best lobbyists.

The results of this will be worse than the 2008 bailout.

[Jockey]

Looks like the administration will be ignoring the regulatory oversight in the stimulus bill.

https://www.cnbc.com/2020/03/28/trump-pushes-back-against-congressional-oversight-for-500-billion-bailout-fund.html

That's a real kick in the nuts. Free $4.5 trillion for whoever has the best lobbyists.

The results of this will be worse than the 2008 bailout.

He won't really do that because it is against the law.

[forgetful]

He won't really do that because it is against the law.

Yeah, because people in Washington follow the law.

[Jockey]

Yeah, because people in Washington follow the law.

Because the president's lawyers argued in court that he was above the law - all laws.

[Jay Bee]

LET MEEEEEE GET SOME $$

[Jockey]

LET MEEEEEE GET SOME $$

I presume you will be a man of principle and refuse any gov't handout.

[Jay Bee]

I presume you will be a man of principle and refuse any gov't handout.

Not sure that would be based on principle. I wouldn't trust the gov't to take my refund and would likely donate to charity. Nonetheless, they don't care about me and my situation, only my pay grade in 2018 or whatever.. and therefore I will get $0. It's very upsetting. Please share some of your take.

[rocky_warrior]

Nonetheless, they don't care about me and my situation, only my pay grade in 2018 or whatever.. and therefore I will get $0. It's very upsetting.

You can make a lot of money and have an AGI under 99k (or 198k).  If you don't, you're doing it wrong.

[Jockey]

Not sure that would be based on principle. I wouldn't trust the gov't to take my refund and would likely donate to charity. Nonetheless, they don't care about me and my situation, only my pay grade in 2018 or whatever.. and therefore I will get $0. It's very upsetting. Please share some of your take.

It's very pleasing that you mention that you would give the check to charity. My wife and I had that discussion the day the stimulus became law. Millions are not in a position to do so, but for those that are OK financially it is a great suggestion.

[shoothoops]

And so it begins...

https://twitter.com/byHeatherLong/status/1245377592921862148?s=19

[Jay Bee]

You can make a lot of money and have an AGI under 99k (or 198k).  If you don't, you're doing it wrong.

What is "a lot of money" to you?  At what point - in your mind - are you not "doing it wrong" and simply just make a lot more than $99k?

[The Sultan]

If you are married filing jointly, and you have an AGI of $198,000 (the point at which you won't receive a stimulus payment), you are well within the top 10% of earners nationwide.

You make "a lot of money."

[Jay Bee]

If you are married filing jointly, and you have an AGI of $198,000 (the point at which you won't receive a stimulus payment), you are well within the top 10% of earners nationwide.

You make "a lot of money."

If you make a flat $100k, u ain't in no top 10

[Pakuni]

If you make a flat $100k, u ain't in no top 10

You're awfully close, though.

[The Sultan]

You're awfully close, though.

Especially when you consider many poor don't file income taxes.

[Jay Bee]

Why cutoff the welfare at $99k/yr?

$300k seems better to me

[Johnny B]

Why cutoff the welfare at $99k/yr?

$300k seems better to me

Hell why not 3 million.
Why would we send a check to somone who makes 22k a month

[GB Warrior]

Why cutoff the welfare at $99k/yr?

$300k seems better to me

still think they should have just issued across the board. What if my income of, say $125k, is commissions based? Yes, should have saved, yada yada yada, but when the economy freezes, that goes to sh!t.

I also don't think they're done issuing things. What I really don't understand is what political benefit Pelosi seeks to extract from purportedly lifting the SALT cap in the next wave.

[rocky_warrior]

What is "a lot of money" to you?  At what point - in your mind - are you not "doing it wrong" and simply just make a lot more than $99k?

As a single person, you should be able to make about $150k and get your AGI under the cap.  Double that for married folks.  Perhaps a lot more if you're really sophisticated - which I'm not necessarily...

[JWags85]

still think they should have just issued across the board. What if my income of, say $125k, is commissions based? Yes, should have saved, yada yada yada, but when the economy freezes, that goes to sh!t.

Or if you live in NY/LA/SF. Someone making $60K in Milwaukee is getting a check and they are far more financially comfortable than someone making $105K in one of those high COL areas