Here's where Senate GOP ended up on checks:— Jeffrey Stein (@JStein_WaPo) March 22, 2020
-- $1,200 for all individuals earning up to $75K/yr (or $150K for couples);
-- $500 per child;
-- $0 for those above $99K
-- Based on 2019 return OR 2018 return;
-- NOT recurring (onetime check)
-- Phase-in eliminated pic.twitter.com/l7SYhP0jeZ
So, $1500 per couple, ONCE. Nothing at all above $99K. Another $500 per child (the child deduction is higher than that). For context, the standard deduction per individual in 2019 is $12,200. The deduction per child (dependent) is $4050. So, yeah, "recovery." Let that sink in and keep it in mind at the end of this post, then consider:
TARP had an inspector general and two oversight boards. But Treasury's proposed $500 billion coronavirus loan program doesn't appear to have much built-in oversight, by @Jstein_Wapo https://t.co/KWEd3b4dqt— Damian Paletta (@damianpaletta) March 22, 2020
Don't stop, we aren't finished yet:
“The package that the Republicans have drawn up does nothing to help struggling workers,” [Sen. Tammy Duckworth] said. “Struggling workers need help today and they need jobs safeguarded for tomorrow. There are no protections for them. First responders need PPE equipment, personal protective equipment and resources today to our hospitals and our first responders. Nothing in it for them. And instead, it creates a $500 billion slush fund for Steve Mnuchin to hand out loans to corporations as he pleases’s.”
“So do Americans think that this man [Mnuchin, in that leering photo of him holding up fresh cash with his signature on it], this man is going to look out for the well-being of working Americans over the well-being of corporations and corporate CEOs? I don’t trust him,” she said. “Not without oversight. The slush fund proposed in their bill, no Democrat had any chance to put any, you know, requirements into, it does not provide oversights for him. I’m glad the vote is postponed. It needs to be. I urge my Republican colleagues to please allow Democrats to come to the negotiating table and let’s write a bill together that will safeguard Americans, safeguard us in this public health emergency. Safeguard us through this economic crisis.”
This is supposed to be an up to $2 trillion package. Who's getting the lion's share of that? Remember the old description of "trickle down economics"? The horse gets the oats, you get what trickles down.
Yeah, I don't think that's gonna get fixed by 6:00:
Breaking: Senate cloture vote on still-TBD emergency coronavirus legislation delayed from 3pm to 6pm, @senatemajldr announces on Senate floor— Josh Lederman (@JoshNBCNews) March 22, 2020
And just keep this in mind:
A spokesman for Sen. Moran confirms this is the case.— Nicholas Fandos (@npfandos) March 22, 2020
Paul, who got positive test result back today, was in contact with Senate colleagues several times over the last few days https://t.co/nYlNdUTgUr— Jonathan Lemire (@JonLemire) March 22, 2020
McConnell doesn't want to allow Senate votes by phone; but he may not have any choice.
.@SenJohnKennedy on Rand Paul testing positive for coronavirus 2 days after attending lunch with Republican senators: "We're getting advice so far from the attending physician's office that we don't need to quarantine." pic.twitter.com/8dPyDcg3hm— Aaron Rupar (@atrupar) March 22, 2020
Ordinary Americans should, but not Senators? How does that work?
The highest annual unemployment rate of the Great Depression was 24.9% in 1933 https://t.co/I163YRxlrW— Aaron Rupar (@atrupar) March 22, 2020
And it's DOA in the House, per Pelosi.Senate is 51-47 at this point. https://t.co/gz1lZNC24M— Jake Sherman (@JakeSherman) March 22, 2020
I don't think anything's happened to change that today.BREAKING: Pelosi says there is still *no deal* on coronavirus rescue package.— Josh Lederman (@JoshNBCNews) March 22, 2020
“We’ll be introducing our own bill,” Pelosi says
It has come to this America: We're going to try to turn the economy off and back on again. (Here's how to make it work:)https://t.co/kTPCgi1Y0G— Jim Tankersley (@jimtankersley) March 22, 2020
Huh; with the clowns in charge?
Nothin' but good times ahead!