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Discussion in 'Φ QANON & POLITICS' started by Rose, Jan 22, 2020.
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Breaking: Nancy Pelosi is stalling the passage of the $2 Trillion stimulus bill due to partisan politics.
Pelosi and the Democrat House are Denying CASH PAYMENTS to the American People BUT the final Stimulus bill includes $25,000,000 for The Kennedy Center for the Performing Arts It also has $75,000,000 for PBS & NPR
This is government at its worst.
Nancy Pelosi and the Democrat held House wouldn’t cooperate with Mitch McConnell on a relief bill that would help out millions of Americans who have been rendered jobless due to the quarantine.
Apparently Schumer and Pelosi want to work in all sorts of other provisions including climate change pork. The Democrats’ partisan bickering, progressive virtue signaling and, of course, hatred for President Trump undoubtedly helped contribute to the delay.
Such endless and massive currency creation will lead to inflation. Gold and silver should do well, but most Americans are too broke to afford precious metals. Toilet paper is more affordable.
Democrats have had their heads in the sand (or other places) for far too long.
Congress' $2 trillion coronavirus stimulus package is the rare legislative agreement that will have an immediate — and lasting — impact on ordinary citizens around the country.
Why it matters: Though the full details won't be officially released until later today, we already know that the package will include thousands of dollars in direct payments to most Americans, as well as a huge loan package designed to help keep small businesses afloat.
Here's what is expected to be included in the final bill, according to summaries and conversations with senior Hill aides:
Direct payments: Americans will receive a one-time direct deposit of up to $1,200, and married couples will get $2,400, plus an additional $500 per child. The payments will be available for incomes up to $75,000 for individuals and $150,000 for married couples. This is true even for those who have no income, as well as those whose income comes entirely from non-taxable means-tested benefit programs, such as Social Security.
Use of retirement funds: The bill waives the 10% early withdrawal penalty for distributions up to $100,000 for coronavirus-related purposes, retroactive to Jan. 1.
Small businesses will get $367 billion in loan guarantees to keep making payroll while workers have to stay home. Companies with 500 employees or less that keep paychecks steady could get up to $10 million each in forgivable small business loans.
The unemployed: The program's extended unemployment insurance program — "unemployment on steroids," as Chuck Schumer calls it — expands eligibility and offers workers an additional $600 per week for four months, on top of what state programs pay. It also extends UI benefits through Dec. 31, and allows furloughed workers to stay on as employees. The deal extends to gig economy workers.
Hospitals and health care workers: The deal injects $100 billion into hospitals and the nation's health system, and billions more into providing personal and protective equipment for health care workers, testing supplies, and increased workforce and training.
Coronavirus testing: All testing and potential vaccines for COVID-19 will be covered at no cost to patients.
Large corporations: $500 billion will be allotted to provide loans, loan guarantees, and other investments, overseen by a Treasury Department inspector general. These loans will not exceed five years and cannot be forgiven.
Airlines will receive $25 billion (of the $500 billion) for passenger air carriers, and $4 billion for cargo air carriers.
Payroll taxes: The measure allows individuals to defer payment of their 2020 payroll taxes until 2021 and 2022.
States and local governments will get $150 billion, with $8 billion set aside for tribal governments.
Agriculture: The deal would increase the amount the Agriculture Department can spend on its bailout program from $30 billion to $50 billion, according to a press release issued by Sen. John Hoeven (R-N.D.).
The timing: Senate Majority Leader Mitch McConnell vowed to pass the measure today, an 11th-hour standoff developing between four Senate Republicans and Sen. Bernie Sanders could delay that timetable.
Once the bill is voted out of the Senate, House Speaker Nancy Pelosi says she wants to pass the measure via unanimous consent. A House vote could come as early as tomorrow.
But the House could be forced to return from recess to vote on the legislation in person if just one person objects.
Read a summary of the tax and unemployment insurance provisions
Read a summary of the health care provisions