PRESIDENT SIGNS COVID-19 RELIEF BILL, AVOIDING GOVERNMENT SHUTDOWN:
The Democratic House supports the larger checks and is set to vote on the issue today. However the Republican led Senate, is where spending and $2000 checks face opposition.
Rebuttals: “It’s money we don’t have and we have to borrow to get and we can’t afford to pay back,” – Rep. Mo Brooks (Ala) recently said on “Fox and Friends.” “Someone’s got to show me how we’re going to pay for it. How far before we all go into debilitating insolvency and bankruptcy?”
While Rep. Elise Stefanik of New York is in support of $2000 saying – “Many Americans are in dire need of relief,” —
Meanwhile House Speaker Nancy Pelosi, D-Calif., called the signing “welcome news for the fourteen million Americans who just lost the lifeline of unemployment benefits on Christmas weekend, and for the millions more struggling to stay afloat during this historic pandemic and economic crisis.”
Some like Rep. Gerry Connolly, D-Va., tweeted and accused President Trump of having “played Russian roulette with American lives. A familiar and comfortable place for him.”
Senate Democratic leader Chuck Schumer, D-NY said he would Personally bring trumps proposal of $2000 to the Senate, clearly placing the ball in the GOP’s’s court. Tweeting… “The House will pass a bill to give Americans $2,000 checks. Then I will move to pass it in the Senate.”
“No Democrats will object.”
“Will Senate Republicans?”
So to recap:
Treasury Secretary Steven Mnuchin said the first stimulus payments could go out, for those who’ve signed up for direct deposit, roughly one week after the stimulus is signed. So, expect payments to start going out the week of Jan. 4, though it could take a while longer if you’re getting a paper check or pre-paid debit card instead. —
- If you earned up to $75,000 in 2019, you get the full $600.
- If you filed jointly as a couple and earned up to $150,000 in 2019, you get a full $1,200.
- Then the payments start to phase out, in small increments, as your income goes up.
- If you earned more than $87,000 individually or $174,000 jointly, in 2019, you get nothing. —
President Trump wants the stimulus to be bigger. Congressional Democrats want it to be bigger too. Congressional Republicans have so far blocked every effort to make it bigger. For now, there’s no guarantee that it will happen. —
So as of this moment, that’s where we are. Here’s hoping, wishing and praying that all of us have a happy new year. hopefully this Covid relief package helps.
