Red Mosquito

Superblood Wolfmoon wrote:$1000 to every American is stupid. Some need more, some need less, and some will be just fine without any. But again, critical thinking is in short supply these days. Hopefully some smarter minds in Congress (yeah, I know) will target aid to specific industries, small businesses, and those most vulnerable to this destroying their livelihoods.

Bi_3 wrote:

Superblood Wolfmoon wrote:$1000 to every American is stupid. Some need more, some need less, and some will be just fine without any. But again, critical thinking is in short supply these days. Hopefully some smarter minds in Congress (yeah, I know) will target aid to specific industries, small businesses, and those most vulnerable to this destroying their livelihoods.

This. They can use my check to buy lunches for kids out of school.

Under the House bill, all individuals with a Social Security number, including retirees and the unemployed, would receive $1,500, compared with $1,200 for taxpayers in the Senate bill.

But households with 2020 income over $150,000 for a joint filer, $112,500 for a head of household filer, and $75,000 for a single filer will be required to pay back part or all of the assistance payment over three years. For these households, the payment is a zero-interest loan.

Stimulus Deal Snags on Abortion Providers (5:47 p.m.)

A fight over abortion providers like Planned Parenthood is one of the remaining holdups in negotiations over the Senate’s stimulus bill, according to a person familiar with the talks.

Democrats want abortion providers to be eligible for aid under the small business portion of the bill, the person said.

Republicans had put in language barring nonprofits that receive Medicaid funding, which includes Planned Parenthood, from accessing that aid.

A Democratic aide said more than Planned Parenthood would be affected by the disputed language. It would also block assorted other nonprofits from accessing the money, including nursing homes, mental health providers, rape crisis centers, home health agencies and group homes for people with disabilities, the aide said. -- Steven T. Dennis

Section 2201. 2020 recovery rebates for individuals

All U.S. residents with adjusted gross income up to $75,000 ($150,000 married), who are not a dependent of another taxpayer and have a work eligible social security number, are eligible for the full $1,200 ($2,400 married) rebate. In addition, they are eligible for an additional $500 per child. 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 SSI benefits.

For the vast majority of Americans, no action on their part will be required in order to receive a rebate check as IRS will use a taxpayer’s 2019 tax return if filed, or in the alternative their 2018 return. This includes many low-income individuals who file a tax return in order to take advantage of the refundable Earned Income Tax Credit and Child Tax Credit. The rebate amount is reduced by $5 for each $100 that a taxpayer’s income exceeds the phase-out threshold. The amount is completely phased-out for single filers with incomes exceeding $99,000, $146,500 for head of household filers with one child, and $198,000 for joint filers with no children.

Section 3513. Temporary Relief for Federal Student Loan Borrowers

Requires the Secretary to defer student loan payments, principal, and interest for 6 months, through September 30, 2020, without penalty to the borrower for all federally owned loans. This provides relief for over 95 percent of student loan borrowers.

Section 4019. Conflicts of Interest.

Any company in which the President, Vice President, an executive department head, Member of Congress, or any of such individual’s spouse, child, son-in-law, or daughter- in-law own over 20 percent of the outstanding voting stock shall not be eligible for loans, loan guarantees, or other investments provided under this Title.