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Re: No surprise that McConnell stimulus is too small

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 21 Mar 20 1:59 PM | 22 view(s)
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Msg. 34821 of 54959
(This msg. is a reply to 34819 by Cactus Flower)

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One other thing I would do. Lower the threshold for people who receive direct income to $50k and then taper to $100k.

Then raise the payment allowance for the lower income recipients.

You can give the full allowance to everyone but retrieve the relevant amounts for people above the threshold using 2020 end of year income taxes. So for wealthier people, it's a small loan lasting a year. For poorer people, it's life support.


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The above is a reply to the following message:
No surprise that McConnell stimulus is too small
By: Cactus Flower
in ALEA
Sat, 21 Mar 20 11:03 AM
Msg. 34819 of 54959

He just can't manage something that helps the vulnerable. And so he's shrunk the size of the direct payments to people with incomes under $100k from the amounts negotiated between Mnuchin and Pelosi.

What a dreadful human he is.

But Pelosi holds the cards. She will have to do the same negotiation over again with McConnell that she did with Mnuchin. But she'll get what she wants because the President will pay the political price for the delay. In her shoes, I'd go ahead and pass the bill agreed with Mnuchin. Ignore the turtle.


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