03-23-2020, 07:12 PM
Returning to the topic of the thread,
1. House Dem bill proposes $1,500 per person (both adult and child, unlike Senate bill), and while the amount also scales down for those making above $75k like the Senate bill, the $1,500k rebate will go out to every American now, and then the means-test will be calculated against future tax liabilities, which can be offset for any of the next three tax years. From everything I've read, that seems like the most reasonable way to do it. It allows for up to $7.5k in immediate outlay per family, and it means there's no need to means-test it now, which would slow down payments and risk hurting folks whose 2018 taxable income does not represent their 2020 economic state. I say let's worry about that down the road once we have an economy again and get those checks out ASAP.
2. Trying to target it specifically to the uninsured will slow down disbursal in many cases. See California - because of staggering 4000% increase in jobless claims, they are estimating a 3-week wait just to get on unemployment benefits due to overload of new applicants. I am sure this is true throughout the country. If you target it only to those unemployed, those folks won't be getting benefits for at least a month, possibly longer.
1. House Dem bill proposes $1,500 per person (both adult and child, unlike Senate bill), and while the amount also scales down for those making above $75k like the Senate bill, the $1,500k rebate will go out to every American now, and then the means-test will be calculated against future tax liabilities, which can be offset for any of the next three tax years. From everything I've read, that seems like the most reasonable way to do it. It allows for up to $7.5k in immediate outlay per family, and it means there's no need to means-test it now, which would slow down payments and risk hurting folks whose 2018 taxable income does not represent their 2020 economic state. I say let's worry about that down the road once we have an economy again and get those checks out ASAP.
2. Trying to target it specifically to the uninsured will slow down disbursal in many cases. See California - because of staggering 4000% increase in jobless claims, they are estimating a 3-week wait just to get on unemployment benefits due to overload of new applicants. I am sure this is true throughout the country. If you target it only to those unemployed, those folks won't be getting benefits for at least a month, possibly longer.
