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POTUS 46.10: A New Hope

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  • Originally posted by Drew S. View Post

    He’s reduced who will get a stimulus check. I think it’s a horrible move.
    What's the limit? Income? 100k? 50k?
    Cornell University
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    • Originally posted by Kepler View Post

      What's the limit? Income? 100k? 50k?
      That is where the phase out begins. I posted the Wapo article a few posts above.
      "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
      -aparch

      "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
      -INCH

      Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
      -ScoobyDoo 12/17/2007

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      • Originally posted by burd View Post

        I don't think so, unless the better weight of experts show that more stimulus cash to that group will have a bigger long term benefit. His first duty is to come to the aid of the people, but cutting back on the ceiling does not impact the most needy. If you live in NYC or SF, 150k is not much, I realize.
        I definitely think it’s the right move fiscally, no doubt about that at all. Politically it is massive blunder though. Hopefully this means that the minimum wage going to $15 stays.

        Originally posted by BobbyBrady
        Crosby probably wouldn't even be on BC's top two lines next year

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        • The only guy on here who thinks Biden “caved” voted for the Senator who pushed for this amendment to be included in the first place, along with the most conservative Democrat. Take away that Senator and replace her with a replacement-level Democrat, and no “caving” occurs, since the most conservative Democrat is rendered irrelevant. As has been said...elections have consequences. You’ll have to live with the disappointment, Drew.

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          • We need cost of living adjustments for all this, including income taxes. You shouldn't be punished just because you live somewhere expensive.
            Cornell University
            National Champion 1967, 1970
            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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            • Will these stimulus checks be based on 2019 income/taxes? Or, if I file my taxes now, before this bill is (hopefully) passed in March, will they use my 2020 tax returns?

              Comment


              • Originally posted by burd View Post

                I don't think so, unless the better weight of experts show that more stimulus cash to that group will have a bigger long term benefit. His first duty is to come to the aid of the people, but cutting back on the ceiling does not impact the most needy. If you live in NYC or SF, 150k is not much, I realize.
                And they aren't voting against him anyways.

                What I can't seem to find is what this means for the rest of the package. Is he basically lowering that but keeping everything else in? (money for States, minimum wage) If so then I wonder why do it at all. If he wants to pass it on it's own it is a smart move then imho because you can then add more later in the larger bill.

                I kind of think that this is him throwing a bone to the GOP crew that came to him with a proposal. He is lowering the overall cost by being closer to their thresholds (targeting) but keeping the higher dollar amount. Its an attempt to show he is willing to negotiate in good faith and see if they are willing to as well. If they balk he can burn them with it then since even GOP voters support $1400.

                I again likely get screwed (unless somehow I am considered head of household but I never got how any of that worked) but I need $1400 a lot less than say my parents or my GF do and they will do fine. If the numbers are correct the VAST majority will get the full amount while also making Manchin happy that people who are less in need won't get it.

                Avoiding Reconciliation on this also leaves that open for something else as well which is a nice option.
                "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                -aparch

                "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                -INCH

                Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                -ScoobyDoo 12/17/2007

                Comment


                • Originally posted by psych View Post
                  Will these stimulus checks be based on 2019 income/taxes?
                  Hope not. 2019 income has very little to do with 2020 income for a lot of people.
                  Cornell University
                  National Champion 1967, 1970
                  ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                  Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                  • Originally posted by Kepler View Post
                    We need cost of living adjustments for all this, including income taxes. You shouldn't be punished just because you live somewhere expensive.
                    I am sure the new head of the Budget Committee is willing to listen ;^)

                    This should make busterman happy this is what he was advocating for.
                    "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                    -aparch

                    "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                    -INCH

                    Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                    -ScoobyDoo 12/17/2007

                    Comment


                    • Originally posted by psych View Post
                      Will these stimulus checks be based on 2019 income/taxes? Or, if I file my taxes now, before this bill is (hopefully) passed in March, will they use my 2020 tax returns?
                      According to the WaPo article that hasn't been decided yet. I would assume 2019 unless you file 2020 when all is said and done though.
                      "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                      -aparch

                      "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                      -INCH

                      Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                      -ScoobyDoo 12/17/2007

                      Comment


                      • Originally posted by Kepler View Post

                        Hope not. 2019 income has very little to do with 2020 income for a lot of people.
                        If you havent filed your 2020 though for some reason it would make sense to go with 2019. The first round was based on whichever was the last year you filed 2018 or 2019 IIRC.
                        "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                        -aparch

                        "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                        -INCH

                        Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                        -ScoobyDoo 12/17/2007

                        Comment


                        • Originally posted by Drew S. View Post

                          I definitely think it’s the right move fiscally, no doubt about that at all. Politically it is massive blunder though. Hopefully this means that the minimum wage going to $15 stays.
                          Well, Drew, I was actually thinking the experts might say a more liberal stimulus might be better fiscal policy, given the specific circumstances we are in. I believe some have said we need a large stimulus and the sooner the better.

                          Comment


                          • Originally posted by Handyman View Post

                            If you havent filed your 2020 though for some reason it would make sense to go with 2019. The first round was based on whichever was the last year you filed 2018 or 2019 IIRC.
                            Yeah I seem to remember that too. They (the GUBMINT!) would likely just recoup it in 2022 on the tax returns if you got the full amount based on 2019 tax returns, but your 2020 tax returns revealed you shouldn’t have received the full amount, right? I feel like I remember reading that somewhere too.
                            Any chance Romney’s childcare plan gets included in any of these bills, or at least co-opted?

                            Comment


                            • I'm not keen on it, cause the Repubs are whining that people with 'high incomes', meaning $75,000, shouldn't be getting money, while whenever they talk about tax cuts, people making three times that are referred to as 'middle income'. Also, if he's going the reconciliation route to get this passed, he doesn't need to appeal to Republicans anyway. maybe if this is what it takes to get Manchin on board with the rest of the $1,9 trillion.

                              But still, the people who need this money the most are those people with incomes below $50,000. So if this is what it takes to get that money to them, so be it. As Kep says, take it, and then come back for more.
                              Last edited by rufus; 02-04-2021, 05:05 PM.
                              What kind of cheese are you planning to put on top?

                              Comment


                              • Originally posted by rufus View Post
                                I'm not keen on it, cause the Repubs are whining that people with 'high incomes', meaning $75,000, shouldn't be getting money, while whenever they talk about tax cuts, people making three times that are referred to as 'middle income'.

                                But still, the people who need this money the most are those people with incomes below $50,000. So if this is what it takes to get that money to them, so be it. As Kep says, take it, and then come back for more.
                                I doubt anyone who constantly calls on them for this obvious hypocrisy will ever get any traction- that, and their "concern" about the debt- since it's their leaders that push it up the most when the economy is good.

                                Anyway, President Biden was in congress for a LOOONG time. He knows how it works. Which means you start higher than you really want, and let the other side think they are getting a good deal. So calling it caving when it's just a compromise that he likely planned for is rather over the top.

                                He also gets a lot of credibility among the racists, making them think he's working with them. Seeing how they ran things the last 4 years, it's pretty clear they have no idea what negotiations are about.

                                If the racist party wants to think he caved, fine. I'd be more confident that he got the racists to cave on something he would like, and still got what he wanted.

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