Anybody know how the stimulus individual stipend will be determined?

[bruiser.sixpack]

I.E.; will the use the 2018 tax returns? If so, those of us who were downsized and received a severance package and found another job, that while paying less annually, increased overall earnings for 2018, would have much higher skewed income for that year, than say 2019 income which ended up significantly lower than 2018 base salary.

Example: (not mine, but) individual grosses $71.000 in 2017, gets laid off with severance in early 2018, finds job immediately, realizing a combined severance/new income if $92000. In 2019, individual takes age 66, retirement, works part time and has combined income SSA/PT pay of $51000.

If they use 2018 tax return, that individual gets about $150 instead of $1200, they would get for either 2017 return or 2019 return which hasn’t been done.

Really asking for a friend this time.

 

[The Fatboy]

I read it was 1000 for anyone making 75 or less. For over that the amount drops by $5 for every thousand dollars over the 75k. Which means that somewhere around 92k would be the upper limit for cutoff.

Oh and 2018 tax returns would be used.

 

[thatsbaseball]

I think the 75K is for individuals, bigger limit for couples

 

[Mjoelner]

I heard something almost the same as Fatboy. I heard under $55k/year you get the full amount. That amount starts decreasing above $55k and stops at $99k.

 

[Jeffreauxdawg]

Still no final agreement. Senate proposal is $1200 per adult and $500 per child for income $75k and under individual ($150k married) with phase-out to zero at $99k individual ($198k married.)

Family of 4 under $150 k gets $3400..

All based on 2018 tax return AGI... The year I sold an s-load of stock options to put a down payment on a new house so I get zilch.

 

[UpTheMiddlex3Punt]

They should base it on how many hours a week you're staying at home

 

[bruiser.sixpack]

Still no final agreement. Senate proposal is $1200 per adult and $500 per child for income $75k and under individual ($150k married) with phase-out to zero at $99k individual ($198k married.)

Family of 4 under $150 k gets $3400..

All based on 2018 tax return AGI... The year I sold an s-load of stock options to put a down payment on a new house so I get zilch.

Welp. If based on 2018 tax return, I got some bad news for my friend. Thanks for the info.

 

[o_Spectre]

A tiny umbrella in a hurricane

 

[codeDawg]

It’s still a proposal being negotiated. Things will change. I wouldn’t get to excited or discouraged about anything yet.

 

[Leeshouldveflanked]

Democrats just blocked it....

 

[mstateglfr]

Democrats just blocked it....

Thats a bit of a simplistic analysis.

One side feels they get to create the bipartisan support bill and the other side feels left out of a bipartisan support bill.
One side proposed significant money for companies and the other side wants oversight for corporate bailout and more focus on workers.

What wasnt passed was a shell placeholder.

https://www.cnn.com/2020/03/22/poli...-coronavirus-negotiations-congress/index.html

 

[Leeshouldveflanked]

Thats a bit of a simplistic analysis.

One side feels they get to create the bipartisan support bill and the other side feels left out of a bipartisan support bill.
One side proposed significant money for companies and the other side wants oversight for corporate bailout and more focus on workers.

What wasnt passed was a shell placeholder.

https://www.cnn.com/2020/03/22/poli...-coronavirus-negotiations-congress/index.html

All 47 Dems couldn’t get Pelosi’s wishlist on it and voted No

 

[goodknight]

Won’t matter Congress, Senate can’t get their **** together

and pass the damn bill. Politics politics politics. Bunch of freaking dumb asses have to be able to claim we did a better job. Always one party or the other letting good get in the way better or best. Throw the whole freaking bunch of them out!

 

[G-Dawg]

I read it was 1000 for anyone making 75 or less. For over that the amount drops by $5 for every thousand dollars over the 75k. Which means that somewhere around 92k would be the upper limit for cutoff.

Oh and 2018 tax returns would be used.

My wife and I had a child this past year, so how would they know that? Am I going to miss out on any $ per child?

 

[G-Dawg]

Why aren't they bolstering up unemployment insurance pools instead? Make sure the people who get laid off or lose their jobs get the bulk of it. Guess that makes too much sense.

 

[o_dawgnabit]

Yep. Bill was worked on all weekend and was very confident it would pass. Pelosi saw this as a win for her opposition in the public eye and came in the final hour to encourage everyone to block it. Now we will go back to a rat race to see who gets what in the bill.

Meanwhile, there are local business’ that have told me they won’t make it another week unless something drastic changes. I’m ordering takeout from local restaurants just trying to help support them. If you can, please try to do this. Businesses really need some help right now

 

[DesotoCountyDawg]

Or neither side can play nice for one 17ing minute without trying to one up each other.

 

[mstateglfr]

McConnell claimed that even if Democrats reverse course tomorrow and vote in favor, they will have caused people to lose their jobs because of voting no today.

Why is it all on the 47 who voted against the bill? Why isnt it also on the 47(or their leadership) who crafted the bill? Had they made a bill that would be passable, then it would hav passed.
If anything, McConnell has caused people to lose their jobs because he put a bill to vote that wasnt good enough to get the support needed to pass.

This is how the lawmaking side of government works- you need to play with the other side to get **** done. Currently, due to covid19, it's basically an evenly split vote(due to who is available) so a dozen or 13 Democrats need to vote to support the bill for it to pass.
Well then improve the bill for them to want to vote for it.
Include better oversight(whatever that may be) on handing money to large corporations. Oversight sure as **** doesnt seem like a bad idea since a common complaint is government wasting money. And create some better measures for helping individuals and small businesses(who dawgnabit suggested supporting). Assistance to individuals will for sure reach individuals, whereas assistance to large corporations wont for sure reach individuals(since our history, both recent and distant, is filled with examples where it doesnt reach the masses).


Holy 17.


ETA- if Pelosi got everyone together to not support this out of spite or something petty, I would be furious about that. Havent read anything like that though.

 

[TBone.sixpack]

Everything about Pelosi is for spite and pettiness. She is the worst.

 

[dudehead]

I think the Democrats are opposed to giving Mnuchin a half a trillion dollar blank check to dole out at his discretion.

 

[GloryDawg]

I read it was 1000 for anyone making 75 or less. For over that the amount drops by $5 for every thousand dollars over the 75k. Which means that somewhere around 92k would be the upper limit for cutoff.

Oh and 2018 tax returns would be used.

Not what you are making. It's adjusted gross income.

 

[Jeffreauxdawg]

My biggest fear is that when you start giving people money to stay home, a lot of them will not want to go back to work. I know it's not easy, but if you get the money to the employers, then the employees are loyal to their jobs. If you give it to the people, then many of them become loyal to the next politician that promises to keep giving it to them.

It's not an easy situation, but it's a slippery slope. Ever know anyone on unemployment? A lot of them seem to hold out for management jobs until the check runs out then magically find a job more in line with their qualifications.

I would rather see something much smaller to individuals and backstopping employers, unemployment, and the social net.

 

[Oak23]

Democrats just blocked it....

I am thinking the reason it was blocked because they had some assistance to keep big companies afloat and Dems wanted it geared toward workers. It’s always the same argument with the 2 sides. Now the house will come back with a bill that will prolly include Mandatory increases in Minimum wage hourly pay forever outside of this virus and to continue the paid leave for everyone for ever regardless of the virus. So i don’t guess that’s looking good either.

 

[Antonio Brown's Foot]

I agree. We don't want a repeat of Obama's bailing out the auto industry, when the CEO's used the bailout money to buy back stocks.

 

[Southern Law Dawg]

1. The bill gives Steve Mnuchin a $500B blank check to hand out money to corporations with little to no strings attached, and they get to remain anonymous for up to 6 months

2. The "stimulus" in this thread title went from the $1200 for those under $75k that they were promising to a loan against next years tax returns

3. They did nothing for mortgage/rent/student loan/bills relief or unemployment insurance.

All in all, it was a massive giveaway to corporations that the GOP wrote behind closed doors with no Dem input and the Dems were right to block it. The GOP is using the outbreak to help out their financial backers and then crying about it when they get called out on it because, as this thread shows, people will blindly support whatever spin they say after the fact.

Don't believe me? Go look up what was actually in the bill. It's disgusting.

 

[Leeshouldveflanked]

Democrats Control the House and it would require 60 Votes to pass in Senate... so it is in Democrat’s hands...

 

[DawgInCO]

I read it was 1000 for anyone making 75 or less. For over that the amount drops by $5 for every thousand dollars over the 75k. Which means that somewhere around 92k would be the upper limit for cutoff.

Oh and 2018 tax returns would be used.

My wife and I have an issue with this. I'm a retired engineer as of Dec. 2018. My 2018 adjusted gross income puts us
about 10K over the limits they are stating because of my income that year. We've been on pretty much a fixed income
since Jan. 2019. So now it looks like we don't get as much because we had a decent income over a year ago? Our income
since retiring is well below the income numbers I see when I read about this. Makes no sense to me. Wouldn't be quite as
big of a problem if my retirement savings weren't headed to zero.

 

[mstateglfr]

My biggest fear is that when you start giving people money to stay home, a lot of them will not want to go back to work. I know it's not easy, but if you get the money to the employers, then the employees are loyal to their jobs. If you give it to the people, then many of them become loyal to the next politician that promises to keep giving it to them.

It's not an easy situation, but it's a slippery slope. Ever know anyone on unemployment? A lot of them seem to hold out for management jobs until the check runs out then magically find a job more in line with their qualifications.

I would rather see something much smaller to individuals and backstopping employers, unemployment, and the social net.

Funny how your biggest fear isnt even close to mine.
Corporations have continually shown they will pocket government cash and not give it directly to all their employees.
Corporations will buy back stocks(which isnt a direct benefit to employees), invest in technology(which isnt a direct benefit to employees), and pay off debts(which isnt a direct benefit to employees).

Hell, corporations have received gobs of money to help get them thru a tough time, and then cut positions!

Why the 17 you would think corporations will benevolently hand out all the money to employees is beyond me.

And no I dont think corporations are evil. I work for a fortune 200 one that's global- I wouldnt do that if i though they were all evil. They arent evil- they are simply a construct to maximize shareholder profits and when they get a huge amount of money, it's often better for shareholders if the corporation spends it on things other than giving it to employees.



Did you even bother read reports on the proposal and how it came to be?
Come the 17 on.

 

[BlueRidgeMtns]

Here's a question ... I got divorced in 2019, so my 2018 return was filed as married. So would my income be based on the joint number or the single number?

View attachment 15626

 

[mstateglfr]

Democrats Control the House and it would require 60 Votes to pass in Senate... so it is in Democrat’s hands...

Which means that it should be written so it can pass.
It's pretty simple- involve reps from both parties and gain bipartisan support thru involvement and inclusion.

Nobody should be surprised when democrats dont support a bill that blindly benefits large corporations and screws over/heavily ignores individual Americans.
It's just wasting everyone's time to create something like that and then complain when it doesnt pass.

 

[Drebin]

Which means that it should be written so it can pass.
It's pretty simple- involve reps from both parties and gain bipartisan support thru involvement and inclusion.

Which is exactly what happened. McConnell had committees with reps from both parties who agreed on the language. This is an 11th hour movement of goalposts by democratic leadership and it's shameful. Everyone, from the president, to the senate leader, to republicans and democrats in congress, were feeling good about this passing until now.

 

[mstateglfr]

I agree. We don't want a repeat of Obama's bailing out the auto industry, when the CEO's used the bailout money to buy back stocks.

For sure. That is a general example where it didnt work well to give gobs of money to corporations with relatively little oversight.

 

[Southern Law Dawg]

Which means that it should be written so it can pass.
It's pretty simple- involve reps from both parties and gain bipartisan support thru involvement and inclusion.

Nobody should be surprised when democrats dont support a bill that blindly benefits large corporations and screws over/heavily ignores individual Americans.
It's just wasting everyone's time to create something like that and then complain when it doesnt pass.

100% this. This isn't on the Dems. The Senate Republicans, who don't even represent a majority of the people, drew up a bill behind closed doors that they hoped could push through a bunch of their priorities by applying public pressure on the Dems. Again, they didn't invite a single Dem into the writing process to make sure it could pass, they were just hoping that Schumer would bend over and approve any bill that has the word Coronavirus in the name without reviewing it.

 

[Drebin]

100% this. This isn't on the Dems. The Senate Republicans, who don't even represent a majority of the people, drew up a bill behind closed doors that they hoped could push through a bunch of their priorities by applying public pressure on the Dems. Again, they didn't invite a single Dem into the writing process to make sure it could pass, they were just hoping that Schumer would bend over and approve any bill that has the word Coronavirus in the name without reviewing it.

Yeah, this is not true at all. Literally not one word of it. It's in fact a very dishonest and shameful comment. You should find a more honest news source.

 

[IBleedMaroonDawg]

Everything about Pelosi is for spite and pettiness. She is the worst.

I'm restraining myself from making a comment that agrees with you in an effort to keep the thread from being locked. That woman rivals Trump for saying crazy ****.

I won't get down in the weeds on this but if our congress doesn't get off their political horses, on both sides, they will be bitching themselves out of a job.

 

[mstateglfr]

My wife and I have an issue with this. I'm a retired engineer as of Dec. 2018. My 2018 adjusted gross income puts us about 10K over the limits they are stating because of my income that year. We've been on pretty much a fixed income
since Jan. 2019. So now it looks like we don't get as much because we had a decent income over a year ago? Our income
since retiring is well below the income numbers I see when I read about this. Makes no sense to me. Wouldn't be quite as
big of a problem if my retirement savings weren't headed to zero.

Hang on here- you are complaining you won't get money that is intended to help support working Americans and the US economy in this rough time because you chose to remove yourself from the workplace and retired?


It's just a fundamental difference in how you, me, and others view how money should be spent to help americans and businesses.
Since untold millions may(will) lose their jobs, I think we should focus on giving those people assistance since those people were actually affected by this.
You want everyone to get some free money even if they havent been negaticely affected by this.

This should go to individuals(so workers and business owners alike) who have been impacted.

My wife and I are still being paid the same amount as before and really shouldn't get money(and I doubt we would anyways). If we do get some, I'll probably spend it on some lumber for new garden beds that I was already going to build with my kids as part of their homeschool curriculum.
So I will effectively spend no more than I already would have, since this isnt effective for people like me and many other situatuons.
Way to stimulate the economy.***

 

[IBleedMaroonDawg]

Funny how your biggest fear isnt even close to mine.
Corporations have continually shown they will pocket government cash and not give it directly to all their employees.
Corporations will buy back stocks(which isnt a direct benefit to employees), invest in technology(which isnt a direct benefit to employees), and pay off debts(which isnt a direct benefit to employees).

Hell, corporations have received gobs of money to help get them thru a tough time, and then cut positions!

Why the 17 you would think corporations will benevolently hand out all the money to employees is beyond me.

And no I dont think corporations are evil. I work for a fortune 200 one that's global- I wouldnt do that if i though they were all evil. They arent evil- they are simply a construct to maximize shareholder profits and when they get a huge amount of money, it's often better for shareholders if the corporation spends it on things other than giving it to employees.



Did you even bother read reports on the proposal and how it came to be?
Come the 17 on.

So which is it? CNN or MSNBC?

 

[horshack.sixpack]

While I don't think that it is unreasonable to want transparency on where the money goes, and direct to taxpayers is where I see the best path being, it is also not unreasonable to be concerned about the potential for increasing dependency on government for entitlements (i don't believe this would have that effect). Honestly, it's the federal government, you should fully expect the self-serving lawmakers to screw this up completely. I mean when is the last time government was noted to be logical, economical, efficient or effective?

 

[horshack.sixpack]

Let's not pretend that undoubtedly both parties are doing their absolute best to drive spending in a way that benefits them the most. They're all self-serving and this big of a cash grab gives them plenty of ways to get creative about how they can re-direct the spending to best benefit them.

 

[patdog]

Exactly. I'm salaried and, as of now, still working. Sure, my retirement has lost some money, but a) that's the risk of investing and b) I'm still way ahead over the long haul. I'll cash any check they send me, but honestly, I don't need a check.