Pelosi Coronavirus Plan unveiled: $1500 universal for every American w/ tax ID (up to $7500 for family of 5), 100% UI (includes gig & self-employed)

[RastaMentality]

Sahil Kapur on Twitter

“THE PELOSI CASH PLAN: • $1,500 checks for individuals • $3,000 for joint filers • Extra $1,500 per kid up to 3 • Maximum $7,500 per family • Universal for those w/ taxpayer ID # (includes seniors, unemployed) • Individuals making $75K+ in 2020 will pay some/all of it back”

twitter.com

- Minimum of 10k student loan forgiveness

100% unemployment insurance wages with expansions for gig workers and the self employed.

15 days of early voting and no excuse absentee vote by mail for everyone attached to grants.

 

[Sign My Guestbook!]

Will be voted down on party lines...

 

[Meg Cherry]

One time payment isn't much of solution if this crisis lasts more than another month.

 

[Fulminator]

seems like its still just a one time payment? no expert, so i'm not sure how effective this is.

 

[MrGiraffe]

This seems good in that it also dodges the nasty question of whether or not only citizens get it.

 

[whatsinaname]

• Individuals making $75K+ in 2020 will pay some/all of it back

Click to shrink...

This is so much better than that 2018 tax year means tested bullshit. Get the help out first. If people didn't need it they'll pay it back.

 

[Phantom]

Why not UBI instead?

 

[Frozenprince]

This is the best they've got.

Gee I wonder why they fucked the dog so hard on the easiest political layup in fucking history.

Oh but we aren't allowed to talk about that here.

 

[onpoint]

Not enough if it's a one time thing. It really isn't.

 

[Kthulhu]

One time payment isn't much of solution if this crisis lasts more than another month.

Click to shrink...

Which it absolutely will considering most places aren't locked down.

 

[Bonafide]

One time payment isn't much of solution if this crisis lasts more than another month.

Click to shrink...

yep.

better than nothing and probably will get stalled, but hopefully people are following and can see we can do so much better than this.

 

[mreddie]

Turtle will kill it anyways.

 

[ApatheticDolphin]

This is the best they've got.

Gee I wonder why they fucked the dog so hard on the easiest political layup in fucking history.

Oh but we aren't allowed to talk about that here.

Click to shrink...

It's obviously not. Look at the other proposals Dems have floated. They wrote it like this in the end because It has to pass

 

[captainzombie]

What is the point if some of it/all has to be paid back even for those at $75K+? Is that for individuals or those with families, this kind of stuff isn't helping anyone if I'm reading this correctly.....but I might be misinterpreting it.

 

[TheAbsolution]

100% UI covering folks like me who work in the gig economy is really really good honestly. I like the plan.

 

[Hiphopopotamus]

Why not UBI instead?

Click to shrink...

I assume you need to move fast, so bogging down a response with a complete overhaul of the economy in a single bill, would invite infighting, when all you're trying to do is convince 3-4 GOP Senators to grease the wheels of commerce before we're all boiling shoe leather and cooking sparrows on curtain rods.

 

[bye]

this is... marginally better than the Repub one? this is the best we can do?

 

[Samanosuke Akechi]

Wasn't trump saying $1,000 in April and another $1,000 in May?

Is this just one payment?

Edit: Found it.

"In a memorandum, Treasury proposed two $250 billion cash infusions to individuals: A first set of checks issued starting April 6, with a second wave in mid-May. The amounts would depend on income and family size."

 

[chefbags]

That's cool. If its a one time thing they must not be seeing the upcoming future cause this shit ain't lasting for just a single month.

 

[BassForever]

seems like its still just a one time payment? no expert, so i'm not sure how effective this is.

Click to shrink...

Odds are (assuming this passes or a variant of this passes) they'll do this same horse and pony show each month so they can get political credit each month for passing a new stimulus.

 

[Ziltoidia 9]

Do something before the chaos please.

 

[Officer Big Mac]

So now they have to reconcile this with Senate version leaving some pitiful Frankenstein solution.

 

[MonoStable]

$2400 a month for unemployed seems good to me.

 

[Frozenprince]

So now they have to reconcile this with Senate version leaving some pitiful Frankenstein solution.

Click to shrink...

Tax credits.

It'll just be tax credits.

 

[RastaMentality]

this is... marginally better than the Repub one? this is the best we can do?

Click to shrink...

I'm pretty sure the republican one doesn't ensure 100% unemployment for self employed & gig workers.

 

[TheAbsolution]

this is... marginally better than the Repub one? this is the best we can do?

Click to shrink...

Fighting over implementing an entirely new monthly payment system with Republicans who'd be happy to fight forever is not going to help out anyone.

 

[Kinsei]

Obviously something is better than nothing, but a one time payment is not going to be enough.

Hopefully it passes, but I don't think it will.

 

[mugurumakensei]

Wasn't trump saying $1,000 in April and another $1,000 in May?

Is this just one payment?

Click to shrink...

One time payment and UI wages are now 100% of your previous income

this is a shit ton better than the Republican one which just seemed to give big employers a lot of Money with no string attached

 

[Cation]

Idk why I expected more lol.

 

[Soul Skater]

The 75k threshold is way too low especially considering high cost cities are being hit the hardest

 

[Baron Von Beans]

all of these plans keep coming out, but every time they are getting shot down. More refinement needs to happen, but the powers that be have got to get their heads out of their asses and take action.

Which it absolutely will considering most places aren't locked down.

Click to shrink...

I gotta say, even with a lockdown there's chances Of it still getting out of control. I live in Ohio, so a lockdown is going in effect at midnight tonight. But for me, nothing is changing. I work for an essential field, so I still have my normal 5 days. Gas stations and groceries are open, and tons of other places have exceptions. It's almost silly.

 

[Hiphopopotamus]

Odds are (assuming this passes or a variant of this passes) they'll do this same horse and pony show each month so they can get political credit each month for passing a new stimulus.

Click to shrink...

Yeah, it would become a 'continuing resolution' scenario where institutional inertia takes over and no one is willing to stop handing it out

 

[Darkmaigle]

Jesus this is pretty lit

 

[MasterYoshi]

I assume if this passes and we're still in the shit a month later we pass another one?

 

[Kyra]

It's a billion times better than that other shit.

 

[GoldenEye 007]

This is the best they've got.

Gee I wonder why they fucked the dog so hard on the easiest political layup in fucking history.

Oh but we aren't allowed to talk about that here.

Click to shrink...

Did you miss the $600/week unemployment assistance too? Or did you just need to rush to shit on the Dems here?

 

[kIdMuScLe]

What is the point if some of it/all has to be paid back even for those at $75K+? This kind of stuff isn't helping anyone.

Click to shrink...

because what if you lose your job next week? Even though you made $100k last year but now have no income coming in? This way you pay it back if you actually kept a steady job.

 

[ApatheticDolphin]

People are overlooking the vote by mail part. That's really important

 

[KoopaTheCasual]

It's a larger lump sum than previously talked about but yea, making it one time is super dangerous. Especially when we go BACK on lockdown (which seems like a good possibility) and conservatives will push back against a second stimulus. I feel like going monthly for a couple/few months would cause less pushback overall.

Edit: I can't read, this does have long term benefits in unemployment.

People are overlooking the vote by mail part. That's really important

Click to shrink...

Woah, definitely did.

 

[Fat4all]

i feel like instead of passing something that'll continue monthly, they'd rather just fight over what plan to implement every month

what a pain

 

[____]

Erm...if I have to pay it back, don't give it to me in the first place.

I don't need a loan.

 

[entremet]

75k in NYC is not well off by any means.

 

[Deleted member 18944]

Why not UBI instead?

Click to shrink...

because it would never pass if it was UBI. They gotta lower the threshold.

 

[captainzombie]

The 75k threshold is way too low especially considering high cost cities are being hit the hardest

Click to shrink...

That is the same issue that I have with this as you do. Looking at the top 10 cities that have been hit the hardest and they are some of the most expensive places to live in the United States. Yet they want people to pay some or all of it back with the 2020 taxes.

 

[Meg Cherry]

Odds are (assuming this passes or a variant of this passes) they'll do this same horse and pony show each month so they can get political credit each month for passing a new stimulus.

Click to shrink...

Which frankly, doesn't seem like the worst outcome. This needs to pass immediately if it's going to do any good, and if it gives Congress an additional month to hash out terms for additional stimulus - that's at least potientially a workable solution. Read the situation month by month, rather than trying to pinpoint an end date before the peak of the crisis has even begun.

 

[bye]

I'm pretty sure the republican one doesn't ensure 100% unemployment for self employed & gig workers.

Click to shrink...

it's not enough for the hospitality/restaurant industry, which was by far the hardest hit.

 

[feline fury]

What is the point if some of it/all has to be paid back even for those at $75K+? Is that for individuals or those with families, this kind of stuff isn't helping anyone if I'm reading this correctly.....but I might be misinterpreting it.

Click to shrink...

It's helping the people who get laid off? The people who are still working and getting paid don't need the aid as much.

 

[Servbot24]

This is so much better than that 2018 tax year means tested bullshit. Get the help out first. If people didn't need it they'll pay it back.

Click to shrink...

This is true.

Though I jumped the 75k line this year so it would be a bummer for me :P

 

[devSin]

seems like its still just a one time payment? no expert, so i'm not sure how effective this is.

Click to shrink...

It's a one-time stimulus supplemented by an expansion of unemployment insurance and other increases to social safety programs and state aid.

I assume if this passes and we're still in the shit a month later we pass another one?

Click to shrink...

No, it expands unemployment so you basically make your full salary anyway if you get laid off.

Did you miss the $600/week unemployment assistance too? Or did you just need to rush to shit on the Dems here?

Click to shrink...

And that assistance is on top of regular unemployment (meaning most people can be covered for 100% their salary).

 

[Pwnz]

This is leadership. This is medicine to avoid a depression.

Fuck Trump and fuck McConnell.