@metal-brain saidFor the first one:
What is the maximum income a person can have and still receive a $1200 check? Perhaps some checks are going to people that do not need it. I saved mine at first because I was working at the time, but I spent it a few months later. I am a saver though, and in times of uncertainty people are more likely to save.
Paying debt helps increase spending in the long term. It isn't like having people deeper in debt helps the economy.
Taxpayers likely won't qualify for an Economic Impact Payment if any of the following apply:
You do not have any qualifying children and your adjusted gross income is greater than
$198,000 if your filing status was married filing jointly
$136,500 for head of household
$99,000 for all other eligible individuals
https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-a-eip-eligibility-and-general-information
If you want an economic stimulus for the economy, you don't want people to save it. Nor do you want them paying off debts. While both of those might be economically beneficial in the long run, a stimulus is supposedly designed to pump up consumer spending which accounts for about 2/3 of GDP. Until that recovers, businesses will be reluctant to rehire laid off workers and expand and invest.
@no1marauder saidThe maximum income amount is simply too high.
For the first one:
Taxpayers likely won't qualify for an Economic Impact Payment if any of the following apply:
You do not have any qualifying children and your adjusted gross income is greater than
$198,000 if your filing status was married filing jointly
$136,500 for head of household
$99,000 for all other eligible individuals
https://www.irs.gov/newsroom/ec ...[text shortened]... Until that recovers, businesses will be reluctant to rehire laid off workers and expand and invest.
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@metal-brain saidmarerider gave you faulty info
The maximum income amount is simply too high.
although nothing has been finalized, the way it is now the heros act keeps the same limitations as the cares act. but I agree, it is still too high.
"A1. U.S. citizens and U.S. resident aliens will receive the Economic Impact Payment of $1,200 or $2,400 if they filed married filing jointly and if they are not a dependent of another taxpayer and have a work eligible Social Security number with adjusted gross income up to:
$150,000 for married couples filing joint returns
$112,500 for head of household filers and
$75,000 for all other eligible individuals"
@metal-brain saidThat's Pelosi's daughter, btw. Ya, she's a Karen.
Pelosi Accuses Sexism To Deflect Criticism for abandoning the poor.
https://www.youtube.com/watch?v=own0qYo-MSY
@metal-brain saidTrump is denying people a stimulus check unless it will have Trump's name on it.
Pelosi is denying people a stimulus check because it will have Trump's name on it. She said so.
https://www.youtube.com/watch?v=_sx583ssnjA
@athousandyoung saidWhat is your source of information?
Trump is denying people a stimulus check unless it will have Trump's name on it.
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@metal-brain saidThat's my source too. Obviously if Pelosi is holding the bill up because of Trump's name, then Trump can choose not to put his name on it and avoid the problem. Simple logic!
The last video I posted. Jimmy Dore.
@athousandyoung saidHas anyone suggested that to him? Someone should ask Pelosi if that would be acceptable. She might want Trump to lose re-election so bad she would let the poor suffer even if his name was not on it.
That's my source too. Obviously if Pelosi is holding the bill up because of Trump's name, then Trump can choose not to put his name on it and avoid the problem. Simple logic!