The healing for me began when I reached across the aisle.I don't know about you but I'm feeling real healed rn. Just so damn unified.
The healing for me began when I reached across the aisle.I don't know about you but I'm feeling real healed rn. Just so damn unified.
The agreement ends Sept. 6th. Wasn't the original proposal to last until the end of September?Because it lasts longer (original proposal was shorter duration) and reduces the tax burden for most people.
I made roughly $13,000 from unemployment and didn't get it taxed ( I know I'm an idiot) my taxes aren't filed yet this year.. should I wait?The first $10k from 2020 is tax free according to multiple articles published today.
They need to clarify if people on unemployment will also get the first $10k in 2021 tax free. If not, the drop from $400 to $300 is nonsense
It isn't about how people "come out in the long term." The UI boost SHOULD be $600. People need this money right now. Dropping it from Biden's proposed $400 to $300 is crap.
I would wait until this passes, yeah. So you can get more info. I'm guessing they'll send revised 1099Gs.I made roughly $13,000 from unemployment and didn't get it taxed ( I know I'm an idiot) my taxes aren't filed yet this year.. should I wait?
Serious question: Does President Biden have any power in literally firing senator Manchin and Sinema?
Not that I'm 100% serious, but just curious. I really don't understand how I never even hear of the name Manchin (I always call him Munchkin in my head) or Sinema, and since Biden, they suddenly become the King and Queen of the Democrats. Basically they are law and get to decide our fates now by acting like the GOP under the "democratic" disguise.
There's an infrastructure Reconciliation bill next (October). Possible there will be more to come.What a shit show.
So, answer me this. Isn't there supposed to be ANOTHER bill after this to help businesses? How the fuck is that one going to pan out?
If the filibuster isn't eliminated, then I think the most likely scenario is that we whatever a Republican Senate would pass (since there would ostensibly be 60 votes for it, even if it would not nearly be enough to address the problem)... or something's jammed into the next Fiscal Year's defense spending bill, which will be one of those omnibus must-pass things.What a shit show.
So, answer me this. Isn't there supposed to be ANOTHER bill after this to help businesses? How the fuck is that one going to pan out?
This is old news (it's no longer relevant because Manchin is going for the Republican $300-ends-in-July-that's-all-you-get amendment), but it was actually not a bad deal.
The tax break would have outweighed the reduced amount, so it would have been a net gain to UI recipients.
The agreement ends Sept. 6th. Wasn't the original proposal to last until the end of September?
It's the same amount they're getting now (just without the need to give so much back in taxes).
That argument doesn't go anywhere. It provides certainty where there hasn't been any past March, and it will leave most people with more money at the end than they would have otherwise received.
The $300 is insulting when I live in Florida where the UI is $230
Missing the point. For some people, Biden's original proposal would have been better. It offered $100 more a week and extended benefits until the end of September. If the first $10k in benefits is for 2020, then I've already paid it, so that doesn't even apply to me, but even if it did, it's not the same as having $100 more to budget with a week.
Shit, that's crazy how do people afford California?and rent alone is $2,000 - $2,400 for a 1BR apartment in San Jose.
No, it expired in August when the Senate would have been in recess.The agreement ends Sept. 6th. Wasn't the original proposal to last until the end of September?
I'd imagine it's insulting anywhere. It's $400 max in California, and rent alone is $2,000 - $2,400 for a 1BR apartment in San Jose.
If you already filed 2020 taxes you can file an amendment after this bill passes and get the tax you paid on that $10k back.
Another thing so many people are ignoring: the UI boost was gone for months while no stimulus was passed because of Republicans.
People are far behind on bills and in very bad places because of that. This stimulus should be trying to make up for the lack of help for the entire fall but it doesn't do that.
I imagine you just need to file an amendment...that or they initiate it on their side or somethingMissing the point. For some people, Biden's original proposal would have been better. It offered $100 more a week and extended benefits until the end of September. If the first $10k in benefits is for 2020, then I've already paid it, so that doesn't even apply to me, but even if it did, it's not the same as having $100 more to budget with a week.
Sorry if you're not poor enough to understand that.
I don't know how many times I have to say this but getting money back later is not the same as getting money now. By the time I get it back I probably will probably be fully employed and won't be in such dire circumstances. Of course, I don't expect people who aren't in my position to understand that.
Unless I'm reading it wrong it sounds like at least $300/wk boosted and you get an additional month along with that 10200 of UI tax free which means you would come out ahead in the long term vs the 400/wk but still worse than 600/wk
Huh? If it's a tax return on 2020, you should be getting it relatively soon after the bill passes.I don't know how many times I have to say this but getting money back later is not the same as getting money now.
Huh? If it's a tax return on 2020, you should be getting it relatively soon after the bill passes.
1) Not everyone was unemployed last year long enough to even rack up $10k in UI.
2) I'd imagine most people would like to find a job at some point, especially with the vaccine finally here, which means that the extended unemployment might not even be a factor.
This is taking $400 per month during a pandemic from every unemployed person in a household for benefits they might not ever see.
Do you think the average person was more likely to be unemployed last year or between now and September? Unemployment claims have been going down so the UI tax benefit for 2020 would help more people than UI for March-Sept 2021.
Huh? When the bill passes you can file an amended return and get the money back in a couple weeks. If you were in the 12% bracket that's $1200 you get immediately instead of getting 12 weeks of $100 difference you'd make over months.
This should have been in the plan from the beginning, on top of heightened weekly amounts.
So anyone that lost their jobs in the last 3 months doesn't matter? Just hang them out to dry I guess.
I never said that but thanks for putting words in my mouth. Helping more people is better than helping less people. The reconciliation process is capped at $1.9T and adding the tax benefit and extension required cutting something else. Also, Manchin was threatening to vote to end it in July.
The UI tax credit is odd to me. To even benefit from it any meaningful fashion means you were unemployed basically the entire year. There is already a 12,500 standard deduction. The Feds ended up paying me over 1000 in refund due to overtaxing me on my UI just from the standard deduction. The extra credit is really not that amazing
There are states where people are getting less than $100 in unemployment + the added benefits. This isn't about helping people. It's about cutting unemployment benefits down until people can't afford to be unemployed.
The UI tax credit is odd to me. To even benefit from it any meaningful fashion means you were unemployed basically the entire year. There is already a 12,500 standard deduction. The Feds ended up paying me over 1000 in refund due to overtaxing me on my UI just from the standard deduction. The extra credit is really not that amazing
OK, if you're saying boosting additional UI from $0 to $300 and sending out $1400 checks plus more for families with kids and dependents isn't helping people, I'm going to stop arguing.
I'm saying there are people currently getting less than $2000 a month that will have to live on less than $1600 a month going forward. Not every state has generous unemployment benefits. This is where the $600 a week number came from to start with.
$300 boost + ~$200 average base x 4What are you talking about? The $600 federal boost ended last July. What is the $2000 current number you're talking about?
Good luck getting that in deep red states. I think it's probably harder to gets Dems in downballot positions in those states than it is to get them in Congressional onesDemocrats need to get control of local offices, mayors, county commissioners, governorships, etc. This leads to more Democrats in congress.
What we are seeing is the art of doing what is possible in current times. Obama had to deal the same shit without a majority.
I have no clue lol