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DansDeals Forum => COVID-19 Discussion Board => Topic started by: cgr on March 24, 2020, 09:12:52 PM

Title: Coronavirus Stimulus Aid Package
Post by: cgr on March 24, 2020, 09:12:52 PM
Are details of the (currently) proposed bill available publicly? Or do we need to wait for the vote to pass to get a better understanding?
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on March 24, 2020, 09:13:05 PM
following
Title: Re: Coronavirus Stimulus Aid Package
Post by: grodnoking on March 24, 2020, 09:14:16 PM
At the rate this is going you'll probably understand it less when it is released.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 10:13:02 PM
"This is a great plan," Schumer said on the Senate floor Tuesday. "What it says is if you lose your job in this crisis, you can be furloughed by your employer. That means you can stay on that employer's worklist; if you have health benefits with the employer you can keep getting them. But, most importantly, the federal government will pay your salary ó your full salary ó for now four months."
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on March 24, 2020, 10:14:17 PM
Have they passed anything yet?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 10:14:59 PM
No, vote planned for tomorrow.
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on March 24, 2020, 10:17:27 PM
ty
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on March 24, 2020, 10:18:32 PM
Could someone tell Jared to hurry up its almost pesach
Title: Re: Coronavirus Stimulus Aid Package
Post by: ltttc on March 24, 2020, 10:20:24 PM
No, vote planned for tomorrow.
What do you think that means for the stock market?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 10:25:02 PM
What do you think that means for the stock market?
The stock market is toast going forward. We are in for a rough ride. Hopefully I will be eating crow.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ltttc on March 24, 2020, 10:38:13 PM
The stock market is toast going forward. We are in for a rough ride. Hopefully I will be eating crow.
Liquidated some of my custodial accts today
Title: Re: Coronavirus Stimulus Aid Package
Post by: Barryg on March 24, 2020, 10:39:16 PM
Liquidated some of my custodial accts today
Hopefully at the end of the trading day
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 10:42:39 PM
"This is a great plan," Schumer said on the Senate floor Tuesday. "What it says is if you lose your job in this crisis, you can be furloughed by your employer. That means you can stay on that employer's worklist; if you have health benefits with the employer you can keep getting them. But, most importantly, the federal government will pay your salary ó your full salary ó for now four months."
From what I can see this is nothing but pasturing. All versions of the bill had significant additions to unemployment and such a provision actually brings it down for some workers who had been staled to get more than 100% in the GOP bill. The main difference is that the GOP bill was for 3 months and the Dem bill adds one more month.

At this point we can label this as nothing but posturing to cover up the other garbage they are pushing to add in. They lost and are trying to ave face.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 10:43:37 PM
From what I can see this is nothing but pasturing. All versions of the bill had significant additions to unemployment and such a provision actually brings it down for some workers who had been staled to get more than 100% in the GOP bill. The main difference is that the GOP bill was for 3 months and the Dem bill adds one more month.

At this point we can label this as nothing but posturing to cover up the other garbage they are pushing to add in. They lost and are trying to ave face.
Very objective post.  ::)
Title: Re: Coronavirus Stimulus Aid Package
Post by: ltttc on March 24, 2020, 10:44:20 PM
Hopefully at the end of the trading day
Yup
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 10:48:53 PM
Schumer said negotiators had agreed to put ďunemployment insurance on steroidsĒ by expanding those covered to include people who are furloughed, gig workers and freelancers, and by increasing the payments by $600 dollars per week for four months, on top of what states provide as a base unemployment compensation.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 10:58:20 PM
Schumer said negotiators had agreed to put ďunemployment insurance on steroidsĒ by expanding those covered to include people who are furloughed, gig workers and freelancers, and by increasing the payments by $600 dollars per week for four months, on top of what states provide as a base unemployment compensation.
These were all in the original bill. Every. Single. Item.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:00:42 PM
These were all in the original bill. Every. Single. Item.
Many things were in the original bill they negotiated. It failed because it was not geared enough to workers and those fighting the virus. Those were all improved thanks to the D's. Not sure what you don't understand.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 24, 2020, 11:05:00 PM
Schumer said negotiators had agreed to put ďunemployment insurance on steroidsĒ by expanding those covered to include people who are furloughed, gig workers and freelancers, and by increasing the payments by $600 dollars per week for four months, on top of what states provide as a base unemployment compensation.
So if this is about unemployment, and say someone was unemployed last year and maxed out their benefits, they'd be ineligible just when they were finally getting back on their feet?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 11:05:50 PM
Many things were in the original bill they negotiated. It failed because it was not geared enough to workers and those fighting the virus. Those were all improved thanks to the D's. Not sure what you don't understand.
I fully get it. You are swallowing everything they tell you hook line and sinker.  The one thing they did, and it was done already before the posturing was to extend the original benefits put in by the Rs from 3 to 4 months. The stupidity you have been quoting is 100% poturing to cover up for all of the items they held the bill up for that had nothing to do with the virus. Find me something else they did to protect workers. Lets see if you can.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:09:55 PM
I fully get it. You are swallowing everything they tell you hook line and sinker.  The one thing they did, and it was done already before the posturing was to extend the original benefits put in by the Rs from 3 to 4 months.Find me something else they did to protect workers. The stupidity you have been quoting is 100% poturing to cover up for all of the items they held the bill up for that had nothing to do with the virus.
Post your source?
Do hospitals get more?
Do small businesses get more?

You hate D's and it shows. If what you say is correct (with no source) changing from 3 months to 4 is major deal. That alone would be worth waiting an extra day. The disclosing they will now have to do on the 500B slush fund is big. So you can just keep name calling with no source to back anything you say.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 11:11:11 PM
Post your source?
Do hospitals get more?
Do small businesses get more?

You hate D's and it shows. If what you say is correct (with no source) changing from 3 months to 4 is major deal. That alone would be worth waiting an extra day. The disclosing they will now have to do on the 500B slush fund is big. So you can just keep name calling with no source to back anything you say.
Find me something else they did to protect workers. Lets see if you can.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:17:36 PM

Just what I thought, you can't answer any questions because you are just flapping your gums.

Getting 4 months alone is worth the one or two day wait.
Getting more for state and local governments was worth it.
Getting more for hospitals was worth it.
Getting more disclosure on the 500B slush funs was worth it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:19:00 PM
So if this is about unemployment, and say someone was unemployed last year and maxed out their benefits, they'd be ineligible just when they were finally getting back on their feet?
AFAIK they are also adding 13 more weeks of unemployment. Another benefit for the workers.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on March 24, 2020, 11:20:45 PM
And for the self employed?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:22:10 PM
And for the self employed?
Not sure but maybe it will be covered under small businesses?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 11:24:25 PM
Just what I thought, you can't answer any questions because you are just flapping your gums.

Getting 4 months alone is worth the one or two day wait.
Getting more for state and local governments was worth it.
Getting more for hospitals was worth it.
Getting more disclosure on the 500B slush funs was worth it.

You said that they did it for the workers. Moving from 3 to 4 did not require even a 5 minute wait. It would have gone in immediately.

Find me something else they did to protect workers. Lets see if you can.

PUOSU. There may be a couple more which could have been easily added originally. The wait had ZERO to do with them. They are trying to get their own grab bag.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:26:48 PM
You said that they did it for the workers. Moving from 3 to 4 did not require even a 5 minute wait. It would have gone in immediately.

PUOSU. There may be a couple more which could have been easily added originally. The wait had ZERO to do with them. They are trying to get their own grab bag.
You have completely lost your mine. You are saying this and saying that. Post your source for your BS or go back into the hole you crawled out of.

Just what I thought, you can't answer any questions because you are just flapping your gums.

Getting 4 months alone is worth the one or two day wait.
Getting more for state and local governments was worth it.
Getting more for hospitals was worth it.
Getting more disclosure on the 500B slush funs was worth it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 11:34:34 PM
You have completely lost your mine. You are saying this and saying that. Post your source for your BS or go back into the hole you crawled out of.
 
Basically you said that it was for the workers and that is a BIG HUGE LIE and you can't back it up.

I have not said whether it was worth it for other things, i am just calling you out on your LIE that it was for the workers. You said something and can't back it up. I never said anything one way or the other about the stupid dumb side items you are now adding in to distract from your LIE!!! I have made no claims to even bring a source for.

You said it was for the workers and can't back it up with facts so now you are trying to skirt with other items to cover up. When I called you out you were only able to bring things which were actually in the original bill

You have still been unable to answer the simple request

Find me something else they did to protect workers. Lets see if you can.

Apparently you can't
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:36:08 PM
Basically you said that it was for the workers and that is a BIG HUGE LIE and you can't back it up.

I have not said whether it was worth it for other things, i am just calling you out on your LIE that it was for the workers. You said something and can't back it up. I never said anything one way or the other about the stupid dumb side items you are now adding in to distract from your LIE!!! I have made no claims to even bring a source for.

You said it was for the workers and can't back it up with facts so now you are trying to skirt with other items to cover up. When I called you out you were only able to bring things which were actually in the original bill

You have still been unable to answer the simple request

Apparently you can't
Now I am a liar because you don't understand basic English. Go away!!!
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 11:37:00 PM
Now I am a liar because you don't understand basic English. Go away!!!
Find me something else they did to protect workers. Lets see if you can.
You can't so you are evading.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:44:38 PM
Keep it up and I will put you on ignore with the other idiot.

Now I will explain it one last time so even an idiot can understand. Here is what I said: Many things were in the original bill they negotiated. It failed because it was not geared enough to workers and those fighting the virus. Those were all improved thanks to the D's. Not sure what you don't understand.

Items in the original were negotiated with demands by the D's. The part in bold was why they blocked it. The D's improved the unemployment which they demanded from the beginning. They also increase the amount hospitals get which helps fighting the virus. Both the items I claimed were both improved.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 11:49:12 PM
Keep it up and I will put you on ignore with the other idiot.

Now I will explain it one last time so even an idiot can understand. Here is what I said: Many things were in the original bill they negotiated. It failed because it was not geared enough to workers and those fighting the virus. Those were all improved thanks to the D's. Not sure what you don't understand.

Items in the original were negotiated with demands by the D's. The part in bold was why they blocked it. The D's improved the unemployment which they demanded from the beginning. They also increase the amount hospitals get which helps fighting the virus. Both the items I claimed were both improved.

Yet you can't find anything more they actually did

Find me something else they did to protect workers. Lets see if you can.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 24, 2020, 11:54:50 PM
Yet you can't find anything more they actually did
I don't need to. I backed up what I said item by item. You on the other hand called me stupid and a liar based on your hatred.
You are now on ignore with your fellow idiot. I wish I can say it was a pleasure.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 24, 2020, 11:56:14 PM
I don't need to. I backed up what I said item by item. You on the other hand called me stupid and a liar based on your hatred.
You are now on ignore with your fellow idiot. I wish I can say it was a pleasure.
We are still missing how it was for the workers. Sorry for calling you out on that. I hope you can still sleep tonight.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 06:28:04 AM
Looks like we have a deal. By waiting an extra day or two workers, hospitals and small businesses get increases while controls get put on the 500B big business slush fund. For once it looks like the workers don't get screwed.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on March 25, 2020, 06:55:36 AM
Looks like we have a deal. By waiting an extra day or two workers, hospitals and small businesses get increases while controls get put on the 500B big business slush fund. For once it looks like the workers don't get screwed.
Did Pelosi sign off on it yet? Because everywhere I see this reported, it says that the WH and Senate agreed, with no mention of the House.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 06:59:15 AM
Did Pelosi sign off on it yet? Because everywhere I see this reported, it says that the WH and Senate agreed, with no mention of the House.
Not sure. I know she threatened the senate with a 2.5T package from the house yesterday. Hopefully that was just a negotiation ploy to get the things they wanted.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 09:38:38 AM
Not sure I agree with this.

Trump businesses barred from getting coronavirus stimulus money, Schumer says
https://www.msn.com/en-us/money/companies/trump-businesses-barred-from-getting-coronavirus-stimulus-money-schumer-says/ar-BB11Gi86?ocid=spartanntp
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 09:42:13 AM
Did Pelosi sign off on it yet? Because everywhere I see this reported, it says that the WH and Senate agreed, with no mention of the House.
Hopefully we don't get one idiot blocking it.

"House members left Washington 10 days ago, but the lower chamber could quickly pass the bill without requiring them to return if all 430 members agree to do so. If just one lawmaker objects, that could lead to delays."
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 10:07:00 AM
The workers......

Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 10:52:08 AM
All these were increased by blocking the orginal bill. Not sure about you but sure seems worth it to me.

Small Businesses
More than $350 billion to aid small businesses.
Hospitals
A $150 billion boost for hospitals and other health-care providers for equipment and supplies.
Individuals
Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child. Senate Minority Leader Chuck Schumer said checks would be cut April 6.
Unemployed
Unemployment insurance extension to four months, bolstered by $600 weekly. Eligibility would be expanded to cover more workers.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on March 25, 2020, 10:58:56 AM
Did they stuff in any unrelated spending, laws, and regulations in this bill in the end?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 10:59:50 AM
All these were increased by blocking the orginal bill. Not sure about you but sure seems worth it to me.

Small Businesses
More than $350 billion to aid small businesses.
Hospitals
A $150 billion boost for hospitals and other health-care providers for equipment and supplies.
Individuals
Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child. Senate Minority Leader Chuck Schumer said checks would be cut April 6.
Unemployed
Unemployment insurance extension to four months, bolstered by $600 weekly. Eligibility would be expanded to cover more workers.

Sounds like good additions. Why did they take blocking a bill and why weren't they all in the original negotiated bill?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 11:00:48 AM
Did they stuff in any unrelated spending, laws, and regulations in this bill in the end?

They tried. I think that thankfully both sides mostly lost on that one.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on March 25, 2020, 11:02:36 AM
They tried. I think that thankfully both sides mostly lost on that one.
Phew. I hate when things get slipped in. Let every policy get its proper debate and not tacked on to a major bill. What were the things that did get through?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 11:06:39 AM
Did they stuff in any unrelated spending, laws, and regulations in this bill in the end?
AFAIK those all failed as they should have.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 11:12:13 AM
https://www.breitbart.com/politics/2020/03/24/pelosi-coronavirus-plan-daca-amnesty

Of course this is Breitbart so everything is exaggerated.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 11:17:22 AM
For the workers.......

Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on March 25, 2020, 11:19:22 AM
https://www.breitbart.com/politics/2020/03/24/pelosi-coronavirus-plan-daca-amnesty

Of course this is Breitbart so everything is exaggerated.
Not very clear to be honest. Immigrant stuff don't seem to be anything major. Only thing that concerns me is allowing to drop off other people's ballots without any identification. Hello??? Are we doing elections Middle Eastern style here?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on March 25, 2020, 11:21:55 AM
For the workers.......


Idiots, every time they meet again more of their are risking their lives. But the politics is more important.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 11:27:21 AM
Idiots, every time they meet again more of their are risking their lives. But the politics is more important.


No it is for the workers......
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 12:58:41 PM
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 02:35:07 PM
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 04:03:00 PM
Now the R's are holding up the bill because workers get to double dip.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on March 25, 2020, 04:06:04 PM
Now the R's are holding up the bill because workers get to double dip.
Full furloughed pay and checks?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 04:08:58 PM
Full furloughed pay and checks?
Unemployment and furlough pay. Pretty clear which side is for the workers no matter what the idiots spew.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 04:29:11 PM
Short time treasuries just went negative today. When home loans go negative please wake me up. I will be more than happy for them to pay me to take out a loan.  :)
Title: Re: Coronavirus Stimulus Aid Package
Post by: momo on March 25, 2020, 04:51:29 PM
Now the R's are holding up the bill because workers get to double dip.
you are for the double dip?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 04:54:44 PM
you are for the double dip?
It doesn't benefit me but yes. Workers are screwed every time. It is about time they get the benefit.
Are the R's going throw this deal out the window over a couple hundred bucks for each worker when big business is getting a 500B slush fund?
Title: Re: Coronavirus Stimulus Aid Package
Post by: ilherman on March 25, 2020, 05:01:15 PM
What's the story with freelancers? If I have a corp where I don't take out payroll but I am affected and don't have business now, am I eligible for any relief? S Corp.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on March 25, 2020, 05:06:10 PM
Did it pass?
how many dozen eggs could you buy with these checks?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 05:13:29 PM
Did it pass?
how many dozen eggs could you buy with these checks?
R's want an amendment and good old Bernie says if that happens then he wants more restrictions on the 500B slush fund.
Result, no vote yet. 
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 05:15:47 PM
Paying people more to be unemployed than to work will do wonders to the economy.
Title: Re: Coronavirus Stimulus Aid Package
Post by: grodnoking on March 25, 2020, 05:19:59 PM
R's want an amendment and good old Bernie says if that happens then he wants more restrictions on the 500B slush fund.
Result, no vote yet.
Do both! Amend for repubs and add restrictions on the slush fund!
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 05:24:38 PM
Do both! Amend for repubs and add restrictions on the slush fund!
Would take forever. This is 2T socialist giveaway where everyone gets free cash.
Free with the bill being paid by future generations.
Title: Re: Coronavirus Stimulus Aid Package
Post by: HBS on March 25, 2020, 05:30:41 PM
Does anyone know based on what year will the calculate income?
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidmal on March 25, 2020, 05:32:45 PM
Federal or State Corona Relief Programs?
Does anyone have any info on New Jersey or Federal grants or Programs for Business that continue to pay their workers and don't fire them? or something like that?


Is this only on a personal level or is this also for businesses]
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 05:35:25 PM
LOLOLOLOLOLOL

Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 05:53:02 PM
Federal or State Corona Relief Programs?
Does anyone have any info on New Jersey or Federal grants or Programs for Business that continue to pay their workers and don't fire them? or something like that?


Is this only on a personal level or is this also for businesses]
The largest part is for businesses.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 06:03:54 PM
And for the self employed?
Independent contractors and self employed are covered according to Trump.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 06:21:46 PM
Now the R's are holding up the bill because workers get to double dip.
Looks like Trump dropped the hammer on these R's. Should have a vote tonight. Another victory for the workers!!!
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 06:28:35 PM
Trump approves 25 million for the Kennedy Center in the bill. He knocked it down from 35 million.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 25, 2020, 06:46:04 PM
With all this talk about the workers maybe the ChiComs really did release this intentionally to spread communism.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ilherman on March 25, 2020, 06:47:24 PM
Looks like Trump dropped the hammer on these R's. Should have a vote tonight. Another victory for the workers!!!
Watch the R senators press conference from 3 hours ago. The way it is right now people will have to be stupid to work. And our economy will go to hell. Why the hell do Ds have to play politics with this? They have time to do it when Bernie becomes POTUS.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ilherman on March 25, 2020, 06:48:55 PM
Does anyone know based on what year will the calculate income?
I saw on CNN that if you have filed 2019 it will go based on that and if not it will go based on 2018.  If you haven't filed 2018 will it go based on 2017?   Anybody know?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 25, 2020, 07:05:27 PM
I saw on CNN that if you have filed 2019 it will go based on that and if not it will go based on 2018.  If you haven't filed 2018 will it go based on 2017?   Anybody know?
I did a lot of searching today and did not find any text of an actual bill.
Does it include US citizens abroad?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 07:20:58 PM
Watch the R senators press conference from 3 hours ago. The way it is right now people will have to be stupid to work. And our economy will go to hell. Why the hell do Ds have to play politics with this? They have time to do it when Bernie becomes POTUS.
Trump and Mnuchin didn't have a problem with it and said it needed to be done this way. If it wasn't for the D's the workers would get the shaft again.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 07:23:47 PM
Did Pelosi sign off on it yet? Because everywhere I see this reported, it says that the WH and Senate agreed, with no mention of the House.
"House ready to act swiftly once Senate votes on coronavirus bill, Pelosi says"
Title: Re: Coronavirus Stimulus Aid Package
Post by: grodnoking on March 25, 2020, 07:34:24 PM
Looks like Trump dropped the hammer on these R's. Should have a vote tonight. Another victory for the workers!!!
Big win for the capable Parasite Scum who live entirely off the money of Hard Working American Workers.
Title: Re: Coronavirus Stimulus Aid Package
Post by: sillypainter on March 25, 2020, 07:36:33 PM
I saw on CNN that if you have filed 2019 it will go based on that and if not it will go based on 2018.  If you haven't filed 2018 will it go based on 2017?   Anybody know?

Thanks for the great news. I made too much in 19, and haven't filed. Will I need to pay back once I file?

I always say, the suckers pay the most. Those who filed and paid taxes and made too much, but wanted to be OVER with their Trax return filing are losers. Those who wanted to file April 15 and are not here to subsidize the American government a minute earlier than needed, won this time.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 07:42:52 PM
Big win for the capable Parasite Scum who live entirely off the money of Hard Working American Workers.
Don't forget the Parasite Bloodsucking corporations that get the 500B slush fund.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 25, 2020, 07:50:36 PM
I did a lot of searching today and did not find any text of an actual bill.
Does it include US citizens abroad?
It hasn't been released and won't be til (unless?) it passes
Title: Re: Coronavirus Stimulus Aid Package
Post by: Zevwolf on March 25, 2020, 07:52:03 PM
Don't forget the Parasite Bloodsucking corporations that get the 500B slush fund.
I believe it is only a loan.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 07:55:04 PM
I believe it is only a loan.
You could be right. They have not said much about it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: monoso on March 25, 2020, 08:16:06 PM
The info I saw for unemployment was the standard 60% from your state plus 600$ a week, if true some people can end up making more than their reg salary
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 08:21:42 PM
The info I saw for unemployment was the standard 60% from your state plus 600$ a week, if true some people can end up making more than their reg salary
Correct but states have different %'s. IIRC ours is 47%.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 25, 2020, 11:30:46 PM
Senate passes bill.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on March 25, 2020, 11:43:41 PM
Senate passes bill.
Final text? Can't find anything online. Latest update I see is from 9:58pm Washington Post.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on March 25, 2020, 11:52:32 PM
Senate passes bill.
96-0
Title: Re: Coronavirus Stimulus Aid Package
Post by: @mike on March 25, 2020, 11:53:44 PM
Here's the senate bill: https://www.scribd.com/document/453273118/Cares-Act-Final-Text
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on March 25, 2020, 11:55:36 PM
https://www.cnbc.com/2020/03/25/senate-passes-2-trillion-coronavirus-stimulus-package.html
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on March 26, 2020, 12:01:01 AM
Here's the senate bill: https://www.scribd.com/document/453273118/Cares-Act-Final-Text
As of 8pm.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on March 26, 2020, 12:02:19 AM
Senate passes bill.
where can you find it on senate.gov?
Title: Re: Coronavirus Stimulus Aid Package
Post by: shapsam on March 26, 2020, 12:11:35 AM
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 26, 2020, 12:50:34 AM
Final text? Can't find anything online. Latest update I see is from 9:58pm Washington Post.
Per CNN Congress won't convene til Friday AM. After that Trump still has to sign. Wouldn't assume anything is final til we see his signature.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 26, 2020, 05:02:57 AM
Correct but states have different %'s. IIRC ours is 47%.
I didn't realize Poland was one of the 50 states.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on March 26, 2020, 05:32:27 AM

At least in this aspect of the bill you arenít incentivized to lose your job.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 06:56:34 AM
I didn't realize Poland was one of the 50 states.
Look at us like Puerto Rico.  ;)
Title: Re: Coronavirus Stimulus Aid Package
Post by: moko on March 26, 2020, 07:07:46 AM
This place is starting to feel like a 3rd world African country based on the federal emergency response. Poland would be an improvement
Title: Re: Coronavirus Stimulus Aid Package
Post by: Eliyohu on March 26, 2020, 08:57:29 AM
http://howmuchismycheck.com
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 09:04:32 AM
http://howmuchismycheck.com
If you had no income you still get a check?
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidrotts63 on March 26, 2020, 09:08:40 AM
If you had no income you still get a check?
Some people like students.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 09:10:42 AM
Some people like students.
Is that a yes or no?
Will those that don't work get 1200?
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidrotts63 on March 26, 2020, 09:11:53 AM
Is that a yes or no?
Will those that don't work get 1200?
I'm not certain this is what was signed in the end, but they were saying only those who filed taxes, and a few other categories such as students.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 09:19:36 AM
I'm not certain this is what was signed in the end, but they were saying only those who filed taxes, and a few other categories such as students.
So if you didn't work in 2019 should you now file a tax return?
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidrotts63 on March 26, 2020, 09:23:46 AM
So if you didn't work in 2019 should you now file a tax return?
What yearís income should I be looking at?
2019. If you havenít prepared a tax return yet, you can use your 2018 return. If you havenít filed that yet, you can use a 2019 Social Security statement showing your income.
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on March 26, 2020, 09:29:13 AM
If you had no income you still get a check?

The website is asking for AGI
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 09:34:07 AM
What yearís income should I be looking at?
2019. If you havenít prepared a tax return yet, you can use your 2018 return. If you havenít filed that yet, you can use a 2019 Social Security statement showing your income.
The website is asking for AGI
AGI is 0.00 if I file. What I am asking is my daughter does not work. Should I have her file for 2019 anyway with no income?
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidrotts63 on March 26, 2020, 09:35:53 AM
AGI is 0.00 if I file. What I am asking is my daughter does not work. Should I have her file for 2019 anyway with no income?
Seems like that is a good idea.
She has no 1099s? I'm disappointed in you.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 09:48:55 AM
I'm disappointed in you.
Parents can only do so much.
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidrotts63 on March 26, 2020, 09:56:26 AM
Parents can only do so much.
Not just a parent, a gun owning parent.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on March 26, 2020, 10:11:17 AM
Why isn't there a hardship test? Is this meant to help people who are currently in crisis, or is it just to buy votes from middle America? People who did well last year could be in bad shape now, while others who may have earned less than them in the past could still be making the same amount now and doing fine.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 10:14:02 AM
Not just a parent, a gun owning parent.
The left would call me a gun nut owning parent. One thing I will never run out of is ammo.  ;)
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 10:14:39 AM
Why isn't there a hardship test? Is this meant to help people who are currently in crisis, or is it just to buy votes from middle America? People who did well last year could be in bad shape now, while others who may have earned less than them in the past could still be making the same amount now and doing fine.
They tried to make it simple but I agree with you.
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on March 26, 2020, 10:15:24 AM
Why isn't there a hardship test? Is this meant to help people who are currently in crisis, or is it just to buy votes from middle America? People who did well last year could be in bad shape now, while others who may have earned less than them in the past could still be making the same amount now and doing fine.

They want to do it as quickly as possible, and with any other criteria it would take more time to distribute.
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidrotts63 on March 26, 2020, 10:16:21 AM
They tried to make it simple but I agree with you.
This is the answer. They just want to get the money out there already.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 10:17:33 AM
This is the answer. They just want to get the money out there already.
Just drop it from helicopters.  :)
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on March 26, 2020, 10:19:12 AM
This is the answer. They just want to get the money out there already.
They want to do it as quickly as possible, and with any other criteria it would take more time to distribute.

Then give it to everyone.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on March 26, 2020, 10:22:18 AM
This is the answer. They just want to get the money out there already.

In reality this is very much NOT the answer. The majority of the money in the package is going to State governments, Big business, and Small business (not mom&pop shops). The checks going out to individuals is just to generate static around where the $2,000,000,000,000 is really going, and the income test is to make you think that it's not going to rich people. In reality, that's exactly where the majority of the money is going, and at the expense of people who really need it but won't qualify.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on March 26, 2020, 10:31:30 AM
If you had no income you still get a check?
I believe that the check is $1,200 per adult or your tax liability, whichever is smaller. But the minimum is $600 per adult. So even someone who doesn't work will still get a check, but it will be $600, so long as they are not a dependent of someone else. (If they are, that person will get $500 for them.)

I'm not sure if the children's check get smaller based on income.
Title: Re: Coronavirus Stimulus Aid Package
Post by: haltkup on March 26, 2020, 11:07:10 AM
is it a credit against 2020 tax return?
If tax filers did not make 75k/150k last year but make more than 75k/150K in 2020 will they be required to return the cash next year?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 11:08:48 AM
is it a credit against 2020 tax return?
If tax filers did not make 75k/150k last year but make more than 75k/150K in 2020 will they be required to return the cash next year?
Not the way I read it. You keep the cash.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Yehudaa on March 26, 2020, 11:09:37 AM

Today at 3:30 PM. Register here. (https://zoom.us/webinar/register/WN_PiVi-BiuTqiXAoaDCb-pqw)

Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 11:13:10 AM
Not the way I read it. You keep the cash.
Updated: http://chaiplus1.com/news/proposed-federal-stimulus-bill/
Oops, according to that link you might have to pay it back.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on March 26, 2020, 12:16:04 PM
Misinformation being spread here. It's a refundable credit, not taxable, not subject to repayment. It your tax bill was less than the stimulus amount you will still get the stimulus amount. The connection to your taxes is to determine eligibility (by AGI) and destination of the payment (direct deposit/mailing address)

Sources:
From the horse's mouth: https://www.govinfo.gov/content/pkg/CREC-2020-03-25/pdf/CREC-2020-03-25.pdf
Summary (which you should fact check against the bill itself): https://www.forbes.com/sites/kellyphillipserb/2020/03/25/all-you-wanted-to-know-about-those-tax-stimulus-checks-but-were-afraid-to-ask/#3411bf561f9c
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 26, 2020, 12:44:22 PM
Misinformation being spread here. It's a refundable credit, not taxable, not subject to repayment. It your tax bill was less than the stimulus amount you will still get the stimulus amount. The connection to your taxes is to determine eligibility (by AGI) and destination of the payment (direct deposit/mailing address)

Sources:
From the horse's mouth: https://www.govinfo.gov/content/pkg/CREC-2020-03-25/pdf/CREC-2020-03-25.pdf
Summary (which you should fact check against the bill itself): https://www.forbes.com/sites/kellyphillipserb/2020/03/25/all-you-wanted-to-know-about-those-tax-stimulus-checks-but-were-afraid-to-ask/#3411bf561f9c
He writes "I don't expect you'll have to pay it back"- in other words, he doesn't know.
Check out this one: https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/?itid=lk_interstitial_manual_8
Title: Re: Coronavirus Stimulus Aid Package
Post by: haltkup on March 26, 2020, 12:50:35 PM
He writes "I don't expect you'll have to pay it back"- in other words, he doesn't know.
Check out this one: https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/?itid=lk_interstitial_manual_8
From WP that you linked:
Are the checks taxable? No, they are not taxable. The only catch is that technically a personís 2020 income is what qualifies them for the payment. Since no one knows their total 2020 income yet, the government is using tax returns from 2019 and 2018 to figure out who qualifies for a check. It is possible that someone may have to pay back some of the money if his or her income this year turns out to be significantly more than it was in 2019 or 2018. Thatís expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 26, 2020, 01:00:58 PM
From WP that you linked:
Are the checks taxable? No, they are not taxable. The only catch is that technically a personís 2020 income is what qualifies them for the payment. Since no one knows their total 2020 income yet, the government is using tax returns from 2019 and 2018 to figure out who qualifies for a check. It is possible that someone may have to pay back some of the money if his or her income this year turns out to be significantly more than it was in 2019 or 2018. Thatís expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021.
Yep.
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on March 26, 2020, 01:14:55 PM
From WP that you linked:
Are the checks taxable? No, they are not taxable. The only catch is that technically a personís 2020 income is what qualifies them for the payment. Since no one knows their total 2020 income yet, the government is using tax returns from 2019 and 2018 to figure out who qualifies for a check. It is possible that someone may have to pay back some of the money if his or her income this year turns out to be significantly more than it was in 2019 or 2018. Thatís expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021.

Is there any way for someone who would qualify based on 2020, but not based on 18 or 19, to request the money?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 01:31:26 PM
Is there any way for someone who would qualify based on 2020, but not based on 18 or 19, to request the money?
I was thinking what if you just file a 2019 return with zero income, would that trigger the 1200?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 26, 2020, 01:40:45 PM
Is there any way for someone who would qualify based on 2020, but not based on 18 or 19, to request the money?
I'm assuming there'll have to be something available.
Think of an independent 18 year old (does that exist?) who hasn't filed taxes before but is now unemployed.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 26, 2020, 01:42:24 PM
I'm assuming there'll have to be something available.
Think of an independent 18 year old (does that exist?) who hasn't filed taxes before but is now unemployed.
How about a 30 year old that lives at home and hasn't filed taxes but is unemployed. There is more than you think.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on March 26, 2020, 02:25:27 PM
Yep.

You're right. It's written in such a slimy way that I didn't understand what it meant before I went back to look specifically for your interpretation in the bill. "Such taxable year" means 2020, i.e. your 2020 tax return determines the income limits.

Quote
LIMITATION BASED ON ADJUSTED GROSS
INCOME.óThe amount of the credit allowed by subsection (a) (determined without regard to this subsection and subsection (e)) shall be reduced (but not below zero) by 5 percent of so much of the taxpayerís adjusted gross income as exceedsó
ĎĎ(1) $150,000 in the case of a joint return,
ĎĎ(2) $112,500 in the case of a head of household, and
ĎĎ(3) $75,000 in the case of a taxpayer not described in paragraph (1) or (2).

ĎĎ(d) ELIGIBLE INDIVIDUAL.óFor purposes of this section, the term Ďeligible individualí means any individual other thanó
ĎĎ(1) any nonresident alien individual,
ĎĎ(2) any individual with respect to whom a deduction under section 151 is allowable to another taxpayer for a taxable year beginning in the calendar year in which the individualís taxable year begins, and
ĎĎ(3) an estate or trust.

ĎĎ(e) COORDINATION WITH ADVANCE REFUNDS OF CREDIT.ó
ĎĎ(1) IN GENERAL.óThe amount of credit which would (but for this paragraph) be allowable under this section shall be reduced (but not below zero) by the aggregate refunds and credits made or allowed to the taxpayer under subsection (f). Any failure to so reduce the credit shall be treated as arising out of a mathematical or clerical error and assessed according to section 6213(b)(1).
ĎĎ(2) JOINT RETURNS.óIn the case of a refund or credit made or allowed under subsection (f) with respect to a joint return, half of such refund or credit shall be treated as having been made or allowed to each individual filing such return.
ĎĎ(f) ADVANCE REFUNDS AND CREDITS.ó
ĎĎ(1) IN GENERAL.óSubject to paragraph (5), each individual who was an eligible individual for such individualís first taxable year beginning in 2019 shall be treated as having made a payment against the tax imposed by chapter 1 for such taxable year in an amount equal to the advance refund amount for such taxable year.
ĎĎ(2) ADVANCE REFUND AMOUNT.óFor purposes of paragraph (1), the advance refund amount is the amount that would have been allowed as a credit under this section for such taxable year if this section (other than subsection (e) and this subsection) had applied to such taxable year.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 26, 2020, 03:12:57 PM
You're right. It's written in such a slimy way that I didn't understand what it meant before I went back to look specifically for your interpretation in the bill. "Such taxable year" means 2020, i.e. your 2020 tax return determines the income limits.
I have a feeling there are a lot more "slimy" stuff in there...
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 26, 2020, 03:17:47 PM
Go ask the Bahamas for an aid package.

Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on March 26, 2020, 03:21:37 PM
Go ask the Bahamas for an aid package.


US government: For the companies, by the companies.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ltttc on March 26, 2020, 04:53:13 PM
is it a credit against 2020 tax return?
If tax filers did not make 75k/150k last year but make more than 75k/150K in 2020 will they be required to return the cash next year?
yes -It'll be deducted when you file your 2020 taxes
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 26, 2020, 07:53:08 PM
yes -It'll be deducted when you file your 2020 taxes
Why aren't news agencies marketing this as a 6-9 month interest free loan?
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on March 26, 2020, 08:04:47 PM
Why aren't news agencies marketing this as a 6-9 month interest free loan?
Youíll need to commit fraud to obtain it..
Title: Re: Coronavirus Stimulus Aid Package
Post by: ExGingi on March 26, 2020, 08:08:29 PM
I was thinking what if you just file a 2019 return with zero income, would that trigger the 1200?

Does anyone have an answer to this one? I have several dependent children that are over 17. One of them actually filed her own return for 2019 already (and mentioned that I will be claiming her as a dependent). The others didn't have any income to file. Will filing a $0 return trigger a credit for them?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on March 26, 2020, 08:23:55 PM
This is an additional if you get a tax return. If you get a refund this will be additional, it wont be deducted from your amount. If you owe taxes then you will owe this as well. Since you were never eligible
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on March 26, 2020, 08:31:10 PM
I believe that the check is $1,200 per adult or your tax liability, whichever is smaller. But the minimum is $600 per adult. So even someone who doesn't work will still get a check, but it will be $600, so long as they are not a dependent of someone else. (If they are, that person will get $500 for them.)

I'm not sure if the children's check get smaller based on income.
Didnít they change that to reflect the people with lesser/no tax liabilities who are hit hardest? I thought that was one of the big early issues.
Title: Re: Coronavirus Stimulus Aid Package
Post by: beirush228 on March 26, 2020, 08:43:19 PM
Any exclusion for Americans living abroad? (Filed last year taxes, but was exempt from paying taxes because I pay local taxes and don't make much..) I did receive child tax credits etc.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on March 27, 2020, 12:43:18 AM
yes -It'll be deducted when you file your 2020 taxes
-1
Title: Re: Coronavirus Stimulus Aid Package
Post by: Let3 on March 27, 2020, 12:45:34 AM
Youíll need to commit fraud to obtain it..
Why? How can you predict your 2020 income in this economy?
If you are eligible based on 2019 whatís the issue?
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on March 27, 2020, 01:01:30 AM
Why? How can you predict your 2020 income in this economy?
If you are eligible based on 2019 whatís the issue?
But people who ultimately qualify for less money than they got this yearóa person whose income rises from $70,000 to $100,000ówouldnít have to pay it back.
https://www.wsj.com/articles/everything-you-need-to-know-about-the-payments-from-the-government-11585229988
Title: Re: Coronavirus Stimulus Aid Package
Post by: David61 on March 27, 2020, 01:45:02 AM
Two questions for the experts here:

If someone draws on their 401K (allowed without penalty as part of this stimulus initiative), will that be included in their 2020 adjusted gross income that is then used to calculate how much stimulus they are eligible for?

Assuming one is ineligible because of exceeding income limits: Does it make sense to treat a 20 year old child student as non-dependants in 2019, to get this stimulus? or is it solely how that child is treated in 2020 that will drive the amount of stimulus ultimately received (ignoring interest free loan)?
Title: Re: Coronavirus Stimulus Aid Package
Post by: ilherman on March 27, 2020, 01:55:20 AM
What yearís income should I be looking at?
2019. If you havenít prepared a tax return yet, you can use your 2018 return. If you havenít filed that yet, you can use a 2019 Social Security statement showing your income.
What if I don't have social security statement? Self employed and not paying as tax
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 27, 2020, 07:18:47 AM
I assume at the beginning of next week information should start appearing here https://www.irs.gov/coronavirus.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 27, 2020, 07:19:39 AM
What if I don't have social security statement? Self employed and not paying as tax
If you are self-employed you should be filing a tax return.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Let3 on March 27, 2020, 09:32:18 AM
But people who ultimately qualify for less money than they got this yearóa person whose income rises from $70,000 to $100,000ówouldnít have to pay it back.
https://www.wsj.com/articles/everything-you-need-to-know-about-the-payments-from-the-government-11585229988
Thatís cool.
So they will give out more money based on 2020, but wonít take money back?
Title: Re: Coronavirus Stimulus Aid Package
Post by: haltkup on March 27, 2020, 09:37:48 AM
But people who ultimately qualify for less money than they got this yearóa person whose income rises from $70,000 to $100,000ówouldnít have to pay it back.
https://www.wsj.com/articles/everything-you-need-to-know-about-the-payments-from-the-government-11585229988
[/quote]

So its a machlokes WaPost and WSJ...who is correct?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 27, 2020, 09:47:22 AM
One idiot R might require a full house vote delaying the package.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 27, 2020, 10:03:26 AM
One idiot R might require a full house vote delaying the package.
For the workers....
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 27, 2020, 10:30:33 AM
So its a machlokes WaPost and WSJ...who is correct?
I doubt even the lawmakers know... Saw the same with the new Sick Leave act- they came up with the details once companies started having questions on how it works. Doubt all that was worked out beforehand.

WSJ does make another interesting point though: Parents of children born in 2020 wonít get a payment for that child now. However, assuming they qualify based on their 2020 income, they will get $500 added to their tax refund or subtracted from their income-tax bill when they file their 2020 tax returns in early 2021.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on March 27, 2020, 10:40:43 AM
Does anyone have an answer to this one? I have several dependent children that are over 17. One of them actually filed her own return for 2019 already (and mentioned that I will be claiming her as a dependent). The others didn't have any income to file. Will filing a $0 return trigger a credit for them?

Anyone who is claimed as a dependent by another person is explicitly excluded from receiving stimulus money.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 27, 2020, 10:51:04 AM
One idiot R might require a full house vote delaying the package.
This is the idiot Republican.
https://www.msn.com/en-us/news/politics/mr-no-meet-the-us-congressman-who-might-delay-the-coronavirus-bill/ar-BB11NuCT?li=BBnb7Kz
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on March 27, 2020, 10:51:29 AM
I have a feeling there are a lot more "slimy" stuff in there...

There is - if you keep reading beyond Section 2201 which covers individuals, you start to see huge appropriations for all sorts of agencies and businesses. Just search the document for ,000,000,000 to see the really big numbers (e.g $25B to compensate passenger airlines for the pandemic, $8B for Native American tribes, $10B for the Post Office, $1B for gun makers, etc).

I decided that I identify as a passenger airline, and am starting the paperwork to make it official. Why settle for a measly $1200?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 27, 2020, 10:53:06 AM
There is - if you keep reading beyond Section 2201 which covers individuals, you start to see huge appropriations for all sorts of agencies and businesses. Just search the document for ,000,000,000 to see the really big numbers (e.g $25B to compensate passenger airlines for the pandemic, $8B for Native American tribes, $10B for the Post Office, $1B for gun makers, etc).

I decided that I identify as a passenger airline, and am starting the paperwork to make it official. Why settle for a measly $1200?
...but you need to search the smaller numbers for pet projects.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on March 27, 2020, 10:56:37 AM
...but you need to search the smaller numbers for pet projects.

Yep. But if you search for ,000,000 you'll get hundreds of hits and I'm not sure how many have patience to look at all
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 27, 2020, 10:58:15 AM
This is the idiot Republican.
https://www.msn.com/en-us/news/politics/mr-no-meet-the-us-congressman-who-might-delay-the-coronavirus-bill/ar-BB11NuCT?li=BBnb7Kz (https://www.msn.com/en-us/news/politics/mr-no-meet-the-us-congressman-who-might-delay-the-coronavirus-bill/ar-BB11NuCT?li=BBnb7Kz)

For the farmers.....
Yes he is just as much of an idiot as the Ds who delayed it for a week. No more no less.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ah giten on March 27, 2020, 12:55:13 PM
Any discussion here about the government taking partnership in the airline industry?

https://viewfromthewing.com/u-s-airlines-about-to-become-part-government-owned/
Title: Re: Coronavirus Stimulus Aid Package
Post by: ltttc on March 27, 2020, 01:07:42 PM
Delta Airlines , United Airlines and American Airlines fell between 4% and 8% as U.S. Treasury Secretary Steve Mnuchin said the aid designated for airlines in the package was not a bailout and that taxpayers would need to be compensated.
Boeing shed 10% after gaining as much as 90% this week, as Mnuchin said the planemaker had no intention of participating in the package.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ah giten on March 27, 2020, 01:17:53 PM

Boeing shed 10% after gaining as much as 90% this week, as Mnuchin said the planemaker had no intention of participating in the package.
Didn't Nikki Haley resign from Boeing because they were participating?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 27, 2020, 01:32:59 PM
Pelosi says not in my house. They block the idiot Republican from delaying the vote!!!
Title: Re: Coronavirus Stimulus Aid Package
Post by: grodnoking on March 27, 2020, 01:43:36 PM
I heard there is a 350 Million dollar cut to help for illegal immigrants in this bill. Is this true?
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on March 27, 2020, 01:50:47 PM
passed!
https://www.cnn.com/2020/03/27/politics/coronavirus-stimulus-house-vote/index.html
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 27, 2020, 01:53:38 PM
passed!
https://www.cnn.com/2020/03/27/politics/coronavirus-stimulus-house-vote/index.html
Hopefully we get phase 4 that targets workers and families only.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on March 27, 2020, 05:24:36 PM
What happens to those that are on a student loan pslf plan if payments are deferred?
Title: Re: Coronavirus Stimulus Aid Package
Post by: kangarruu on March 27, 2020, 06:04:58 PM
What happens to those that are on a student loan pslf plan if payments are deferred?

SEC. 3513. TEMPORARY RELIEF FOR FEDERAL STUDENT LOAN BORROWERS.

(a) IN GENERAL.óThe Secretary shall suspend all payments due for loans made under part D and part B (that are held by the Department of Education) of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.; 1071 et seq.) through September 30, 2020.

(b) NO ACCRUAL OF INTEREST.óNotwithstanding any other provision of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), interest shall not accrue on a loan described under subsection (a) for which payment was suspended for the period of the suspension.

(c) CONSIDERATION OF PAYMENTS.óNotwithstanding any other provision of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), the Secretary shall deem each month for which a loan payment was suspended under this section as if the borrower of the loan had made a payment for the purpose of any loan forgiveness pro15 gram or loan rehabilitation program authorized under part D or B of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.; 1071 et seq.) for which the borrower would have otherwise qualified.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on March 27, 2020, 06:19:43 PM
SEC. 3513. TEMPORARY RELIEF FOR FEDERAL STUDENT LOAN BORROWERS.

(a) IN GENERAL.óThe Secretary shall suspend all payments due for loans made under part D and part B (that are held by the Department of Education) of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.; 1071 et seq.) through September 30, 2020.

(b) NO ACCRUAL OF INTEREST.óNotwithstanding any other provision of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), interest shall not accrue on a loan described under subsection (a) for which payment was suspended for the period of the suspension.

(c) CONSIDERATION OF PAYMENTS.óNotwithstanding any other provision of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), the Secretary shall deem each month for which a loan payment was suspended under this section as if the borrower of the loan had made a payment for the purpose of any loan forgiveness pro15 gram or loan rehabilitation program authorized under part D or B of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.; 1071 et seq.) for which the borrower would have otherwise qualified.
Thank you very much. Do I have to contact them to suspend automatic withdrawals?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 27, 2020, 06:48:26 PM
I have an "umbrella" entity that manages a bunch of buildings. Each building however is under it's own corp/partnership.

Can I fill out just one loan app for the whole whammy under the management entity? (All my payroll is run through the management entity, but all utilities and mortgage payments through the individual buildings).

If someone can point me to a good article on this stimulus specifically for Real Estate portfolios owners and managers it would be very very helpful.
Title: Re: Coronavirus Stimulus Aid Package
Post by: jose34 on March 28, 2020, 03:14:19 PM
Will the US dollar shrink value because of this.
As a US Citizen living in Israel is it worth it transfer some money to take shekel because of this?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 28, 2020, 03:19:57 PM
Will the US dollar shrink value because of this.
As a US Citizen living in Israel is it worth it transfer some money to take shekel because of this?
There are a million factors which may affect currency rates. This is only one potential item. In the world situation we are in currencies are flopping up and down by the minute.
Title: Re: Coronavirus Stimulus Aid Package
Post by: jose34 on March 28, 2020, 03:34:01 PM
This question was asked by @me on the regular site. Don't think it was answered.

"My wife is a school based, but independent (contracted through an agency) speech therapist, so sheís self-employed. Due to school closures she is not able to work and therefore has lost all income. Iím sure this is fairly common, does anyone know how she is to file for the unemployment benefits (that I believe are not normally made available to self-employed workers)?"
Pretty much a temporary loss of income because of the virus.

Title: Re: Coronavirus Stimulus Aid Package
Post by: ltttc on March 28, 2020, 09:32:32 PM
This question was asked by @me on the regular site. Don't think it was answered.

"My wife is a school based, but independent (contracted through an agency) speech therapist, so sheís self-employed. Due to school closures she is not able to work and therefore has lost all income. Iím sure this is fairly common, does anyone know how she is to file for the unemployment benefits (that I believe are not normally made available to self-employed workers)?"
Pretty much a temporary loss of income because of the virus.
Tell her to contact her agency and ask them if she should file for unemployment
Title: Re: Coronavirus Stimulus Aid Package
Post by: beeweegee on March 28, 2020, 09:43:26 PM
Tell her to contact her agency and ask them if she should file for unemployment
Is there any guidance yet as to how soon an individual who didn't previously meet criteria for unemployment (e.g., this independent contractor therapist) can apply? Is the website set up for this yet?
Title: Re: Coronavirus Stimulus Aid Package
Post by: 12HRS on March 28, 2020, 09:49:27 PM
This question was asked by @me on the regular site. Don't think it was answered.

"My wife is a school based, but independent (contracted through an agency) speech therapist, so sheís self-employed. Due to school closures she is not able to work and therefore has lost all income. Iím sure this is fairly common, does anyone know how she is to file for the unemployment benefits (that I believe are not normally made available to self-employed workers)?"
Pretty much a temporary loss of income because of the virus.

dont have an answer but if you are in NYC I know therapists in this situation who are doing their contract work via video.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 28, 2020, 11:13:56 PM
https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf

https://www.natlawreview.com/article/paycheck-protection-program-sba-loan-program-expanded-cares-act
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on March 29, 2020, 12:09:38 AM
anybody know what to do if a 21 yr old was filed as a dependent in 2019?
will filing 2020 help? or do you need to file a amendment?
Title: Re: Coronavirus Stimulus Aid Package
Post by: lev g on March 29, 2020, 12:22:37 AM
someone that never filed taxes before, and in 2018 heís father filed him as dependent. If he files taxes now for 2019 and heís father files now for 2019 without him being dependent, will he be eligible?
Title: Re: Coronavirus Stimulus Aid Package
Post by: zale on March 29, 2020, 12:22:56 AM
Does anyone have clarity on unemployment benefits for independent contractors (1099)?

Is enrollment for this open? Does one need to file at the state level?
Title: Re: Coronavirus Stimulus Aid Package
Post by: sillypainter on March 29, 2020, 12:41:02 AM
someone that never filed taxes before, and in 2018 heís father filed him as dependent. If he files taxes now for 2019 and heís father files now for 2019 without him being dependent, will he be eligible?

Yes. File '19 asap.
Title: Re: Coronavirus Stimulus Aid Package
Post by: sillypainter on March 29, 2020, 12:43:36 AM
anybody know what to do if a 21 yr old was filed as a dependent in 2019?
will filing 2020 help? or do you need to file a amendment?

Will eventually be given in 21 for the 20 return if that adult files on his own.
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on March 29, 2020, 12:49:14 AM
Will eventually be given in 21 for the 20 return if that adult files on his own.
so its the same check, just in a year from now for fileing 2020
Title: Re: Coronavirus Stimulus Aid Package
Post by: Luvisrael on March 29, 2020, 02:26:40 AM
https://www.freep.com/story/money/2020/03/26/stiumulus-check-scam-paypal-coronavirus-covid-19/2918722001/
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on March 29, 2020, 02:39:50 AM
Anyone with DP on the $600 Unemployment check? will it depend on your prior income? on your state benefit amount? Ot just anyone on unemploynment roll will receive $600 a week, no questions asked...
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on March 29, 2020, 02:45:39 AM
Anyone with DP on the $600 Unemployment check? will it depend on your prior income? on your state benefit amount? Ot just anyone on unemploynment roll will receive $600 a week, no questions asked...
https://www.nbcnews.com/politics/congress/coronavirus-unemployment-benefits-here-s-who-qualifies-how-much-they-n1169846

Q: $600 is more than I made before losing my job. Will they cut my benefit?
No. If you qualify for unemployment, the $600 per week applies regardless of what your salary was. (There was a last-minute kerfuffle where a few Senate Republicans tried to reduce the benefits for those who were earning less, but that effort failed.)
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 10:19:54 AM
yes -It'll be deducted when you file your 2020 taxes
Multiple news articles explicitly say you won't. Not sure why not though
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 10:26:58 AM
I have an "umbrella" entity that manages a bunch of buildings. Each building however is under it's own corp/partnership.

Can I fill out just one loan app for the whole whammy under the management entity? (All my payroll is run through the management entity, but all utilities and mortgage payments through the individual buildings).

If someone can point me to a good article on this stimulus specifically for Real Estate portfolios owners and managers it would be very very helpful.
There is no stimulus for real estate owners.  There is a 120 moratorium on evictions and late fees. You can delay paying agency loan payments but you'll have to catch up anyway.
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 10:49:24 AM
I have an "umbrella" entity that manages a bunch of buildings. Each building however is under it's own corp/partnership.

Can I fill out just one loan app for the whole whammy under the management entity? (All my payroll is run through the management entity, but all utilities and mortgage payments through the individual buildings).

If someone can point me to a good article on this stimulus specifically for Real Estate portfolios owners and managers it would be very very helpful.
What's the max business size that would qualify for the SBA payroll forgiveness loan?

Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 29, 2020, 10:58:37 AM
What's the max business size that would qualify for the SBA payroll forgiveness loan?
Up to 500 employees
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 11:21:09 AM
There is no stimulus for real estate owners.  There is a 120 moratorium on evictions and late fees. You can delay paying agency loan payments but you'll have to catch up anyway.

Huh? Every property is a small business, we have payroll interest and utilities to pay, why would real estate small business be excluded??
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 11:26:02 AM
In NJ, if hours or hourly pay is cut, is one eligible to collect unemployment?

And if yes, would they be getting the extra $600 as well?
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 11:44:52 AM
Up to 500 employees
SBA has separate definitions of a small business. Are you sure those don't apply here?
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 11:45:46 AM
Huh? Every property is a small business, we have payroll interest and utilities to pay, why would real estate small business be excluded??
I meant specific to real estate. The industry is receiving the opposite of a stimulus.

General payroll credits or loans apply.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on March 29, 2020, 12:55:19 PM
Huh? Every property is a small business, we have payroll interest and utilities to pay, why would real estate small business be excluded??

If you have small units each owned by an LLC, how do they each have payroll?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 12:59:18 PM
I meant specific to real estate. The industry is receiving the opposite of a stimulus.

General payroll credits or loans apply.

Actually the new depreciation schedules in the bill are awesome for a typical Heimish multi-family owner.

Hotels got a nice exception with each property in a portfolio being considered independent.

Every property is itís own small business.

Biggest costs in real estate are interest, payroll, utilities. R&M can usually be fit into payroll & utilities as well. BTW contractors are considered payroll for the sake of these loans. So if these get turned to grants itís free money.

I actually think real estate did very well here.

Macro-wise- there are many aid and charities setting up now to help people pay for the 3 necessities: Medicine, Food, and Housing. So theyíll be more rents coming in than expenditures to non-essentials. The people getting enhanced unemployment will easily be able to cover rent, in fact many are gonna be making more money. And the stimulus checks will also get used on rent.

Yes the moratoriums are terrible but Iím gonna keep a nice list and evict anyone who took advantage of us, Iíll know who still has a job etc.

Iím not planning on asking for any forbearance at this point, on the contrary, Iíd rather accelerate some interest payments and prepay utilities which will then be counted as grants.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 12:59:54 PM
If you have small units each owned by an LLC, how do they each have payroll?

Each property has 150+ units with its own staff.
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on March 29, 2020, 01:05:40 PM
I have an "umbrella" entity that manages a bunch of buildings. Each building however is under it's own corp/partnership.

Can I fill out just one loan app for the whole whammy under the management entity? (All my payroll is run through the management entity, but all utilities and mortgage payments through the individual buildings).

If someone can point me to a good article on this stimulus specifically for Real Estate portfolios owners and managers it would be very very helpful.

I think only the management entity can get the "Payroll Protection Loan" because the max loan amount is 2.5x your 2019 average monthly payroll.
Title: Re: Coronavirus Stimulus Aid Package
Post by: zale on March 29, 2020, 01:09:48 PM
If someone with knowledge can post a wiki about how to get:

Unemployment from state and federal:

-as an employee
-as a 1099 contractor (Self employed)

Small business loan:

-as a business with employees
-as a business with no employees

Along with links where to apply

You would be helping out a lot of people in a real, tangible way.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 29, 2020, 01:10:32 PM
Each property has 150+ units with its own staff.
If every entity is its own company with it's own payroll, an office, utilities (office utilities) etc then you should file for each entity for up to 2.5X that entities eligible expenses. If you keep all your staff on til June it will be forgiven.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 29, 2020, 01:11:57 PM
If someone with knowledge can post a wiki about how to get:

Unemployment from state and federal:

-as an employee
-as a 1099 contractor (Self employed)

Small business loan:

-as a business with employees
-as a business with no employees

Along with links where to apply

You would be helping out a lot of people in a real, tangible way.
I'm working on a write up for this now (I can't post here but check back earlier posts for my link) but while a lot of details are becoming clearer, there is no system set up to actually apply yet. That will hopefully be available within the next week or two.
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 01:18:06 PM
Actually the new depreciation schedules in the bill are awesome for a typical Heimish multi-family owner.

Hotels got a nice exception with each property in a portfolio being considered independent.

Every property is itís own small business.

Biggest costs in real estate are interest, payroll, utilities. R&M can usually be fit into payroll & utilities as well. BTW contractors are considered payroll for the sake of these loans. So if these get turned to grants itís free money.

I actually think real estate did very well here.

Macro-wise- there are many aid and charities setting up now to help people pay for the 3 necessities: Medicine, Food, and Housing. So theyíll be more rents coming in than expenditures to non-essentials. The people getting enhanced unemployment will easily be able to cover rent, in fact many are gonna be making more money. And the stimulus checks will also get used on rent.

Yes the moratoriums are terrible but Iím gonna keep a nice list and evict anyone who took advantage of us, Iíll know who still has a job etc.

Iím not planning on asking for any forbearance at this point, on the contrary, Iíd rather accelerate some interest payments and prepay utilities which will then be counted as grants.
How did real estate do well if you're collections are going to drop at least 20% for the next few months??

Which new depreciation schedules are in the bill? ?
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 01:21:36 PM
I believe SBA small business for a multi family rental business is max 30m in revenue. They also have very strong affiliate rules so possibly most multifamily owners are not eligible for the loan with forgiveness.

Management companies should be able to get it if they are under 8m revenue
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on March 29, 2020, 01:44:46 PM
Each property has 150+ units with its own staff.

Legit payroll then, why not (unless thereís a specific RE exception. This should be something a tax lawyer/accountant can advise on.

Biggest costs in real estate are interest, payroll, utilities. R&M can usually be fit into payroll & utilities as well.

What about things like heating oil, insurance, legal fees, compliance overhead?
Title: Re: Coronavirus Stimulus Aid Package
Post by: ltttc on March 29, 2020, 01:49:03 PM
If every entity is its own company with it's own payroll, an office, utilities (office utilities) etc then you should file for each entity for up to 2.5X that entities eligible expenses. If you keep all your staff on til June it will be forgiven.
Anything for real estate if their isn't any management staff and tenants pay their own utilities??
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on March 29, 2020, 02:19:31 PM
I believe SBA small business for a multi family rental business is max 30m in revenue. They also have very strong affiliate rules so possibly most multifamily owners are not eligible for the loan with forgiveness.

Were these rules changed for these loans? I know that Shuls were excluded in the past, but can get now.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 02:29:07 PM
How did real estate do well if you're collections are going to drop at least 20% for the next few months??

Which new depreciation schedules are in the bill? ?

What does the 20% collection loss have to do with the bill? Thatís the viruses fault. 80% collections is awesome in a time like this. Remember this bill was written in mind for business that went to 0%, like restaurants.

https://www.businessinsider.com/wealthy-real-estate-investors-get-tax-cut-in-coronavirus-stimulus-2020-3
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 02:31:02 PM
If every entity is its own company with it's own payroll, an office, utilities (office utilities) etc then you should file for each entity for up to 2.5X that entities eligible expenses. If you keep all your staff on til June it will be forgiven.

But I run all my payroll the management entity, not on the property level entity.

Yet my interest and utilities are on the property level entity.

I would hate having to submit separate loan apps for each entity, would be very time consuming and complicate loan proceeds compliance.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 02:33:22 PM
I believe SBA small business for a multi family rental business is max 30m in revenue. They also have very strong affiliate rules so possibly most multifamily owners are not eligible for the loan with forgiveness.

Management companies should be able to get it if they are under 8m revenue

Ok this can indeed get problematic for me. But my understanding is that all the typical affiliate rules are being waived here. All theyíd be looking at is the 500 employee max.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 02:34:38 PM
Legit payroll then, why not (unless thereís a specific RE exception. This should be something a tax lawyer/accountant can advise on.

What about things like heating oil, insurance, legal fees, compliance overhead?

Heating oil is a utility expense. Insurance and legal fees are to be paid from whatever other revenues youíll get now, no loan forgiveness for those expenses.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 02:36:59 PM
Anything for real estate if their isn't any management staff and tenants pay their own utilities??

Well then thatís a pretty lean operation regardless. And the interest portion of your mortgage is forgivable.
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 02:48:31 PM
What does the 20% collection loss have to do with the bill? Thatís the viruses fault. 80% collections is awesome in a time like this. Remember this bill was written in mind for business that went to 0%, like restaurants.

It has everything to do with the bill.

For many operators in some markets aggressive use of the court system on a monthly basis is the difference between 99 and 60% collections.

Now tenants litterally have no reason to pay for 120 days.

If you have class AA tenants, or somehow can operate at <80% collections then I guess the moratorium is no big deal.


Quote
https://www.businessinsider.com/wealthy-real-estate-investors-get-tax-cut-in-coronavirus-stimulus-2020-3




It's not a new depreciation schedule and I doubt it helps that many frum ppl. You need to have NOLs and significant non business income.
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 02:53:15 PM
Ok this can indeed get problematic for me. But my understanding is that all the typical affiliate rules are being waived here. All theyíd be looking at is the 500 employee max.
I hope so. Let us know once you confirm.
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 02:54:55 PM
Were these rules changed for these loans? I know that Shuls were excluded in the past, but can get now.
I don't know.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 29, 2020, 04:59:11 PM
It has everything to do with the bill.

For many operators in some markets aggressive use of the court system on a monthly basis is the difference between 99 and 60% collections.

Now tenants litterally have no reason to pay for 120 days.

If you have class AA tenants, or somehow can operate at <80% collections then I guess the moratorium is no big deal.



It's not a new depreciation schedule and I doubt it helps that many frum ppl. You need to have NOLs and significant non business income.

In the markets where I operate we had moratoriums 2 weeks ago. Iím not gonna blame the bill.

Bh most of our properties are Class A new construction. My worst case scenario models allow for around 35% collection loss before I need to call my lender. It was pretty rough last 2-3 years to find decently priced Class B-C assets with upside. My heart goes out to anyone who bought those assets in the last while. I sure hope they can execute their value add strategies in this environment successfully.

Which heimishe players donít make sure to have NOLís and get fee incomes elsewhere? Basics of the business...
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 29, 2020, 06:11:13 PM

Which heimishe players donít make sure to have NOLís and get fee incomes elsewhere? Basics of the business...
The successful ones with no bad debt? ;)
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 29, 2020, 07:43:28 PM
anybody know what to do if a 21 yr old was filed as a dependent in 2019?
will filing 2020 help? or do you need to file a amendment?
someone that never filed taxes before, and in 2018 heís father filed him as dependent. If he files taxes now for 2019 and heís father files now for 2019 without him being dependent, will he be eligible?
If an individual could be claimed as a dependent on someone's tax return then he cannot claim himself on his tax return and does not qualify for the stimulus payment. If I understand correctly, the final determination is on the 2020 tax return.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 29, 2020, 10:12:29 PM
The cutoff age for receiving the $500 for a dependent is 17.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on March 30, 2020, 12:26:02 AM
The cutoff age for receiving the $500 for a dependent is 17.
I thought 16?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 30, 2020, 12:35:16 AM
I thought 16?
16 can be claimed. 17 not.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 30, 2020, 04:25:53 AM
16 can be claimed. 17 not.
If they qualify for child tax credit then they qualify for this. Under 17 at the end of the year, meaning born after December 31, 2003.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 30, 2020, 08:30:18 PM
Best resource for PPP loans so far.
Title: Re: Coronavirus Stimulus Aid Package
Post by: hvaces42 on March 30, 2020, 08:38:28 PM
If an individual could be claimed as a dependent on someone's tax return then he cannot claim himself on his tax return and does not qualify for the stimulus payment. If I understand correctly, the final determination is on the 2020 tax return.
Whats the test for could?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 30, 2020, 09:10:11 PM
Whats the test for could?
See here
https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~Dependents~global~global/qs%24s1%40TLC_Dependents_Development_Screens_DEPLanding_xint%24global%24global?user=guest (https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~Dependents~global~global/qs%24s1%40TLC_Dependents_Development_Screens_DEPLanding_xint%24global%24global?user=guest)

and here
https://www.irs.gov/pub/irs-pdf/p501.pdf
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 08:25:38 AM
Ok this can indeed get problematic for me. But my understanding is that all the typical affiliate rules are being waived here. All theyíd be looking at is the 500 employee max.

They are using typical SBA affiliate rules that are more restrictive then the DOL rules for the 500 Employee test for the PPP
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 08:26:57 AM
In the markets where I operate we had moratoriums 2 weeks ago. Iím not gonna blame the bill.

Bh most of our properties are Class A new construction. My worst case scenario models allow for around 35% collection loss before I need to call my lender. It was pretty rough last 2-3 years to find decently priced Class B-C assets with upside. My heart goes out to anyone who bought those assets in the last while. I sure hope they can execute their value add strategies in this environment successfully.

Which heimishe players donít make sure to have NOLís and get fee incomes elsewhere? Basics of the business...

Looks like the class A liberal young crowd will be the biggest problem here

https://apnews.com/1bd0dccae3f84e380af62b3dd91ee26e
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 08:28:58 AM
Best resource for PPP loans so far.

This is more detailed
https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 08:30:19 AM
The banks I spoke to all said they need at least 15 days to receive guidance from the SBA on how to process these, and then internally more time as well..

Anyone have a different experience?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 31, 2020, 08:51:44 AM
The banks I spoke to all said they need at least 15 days to receive guidance from the SBA on how to process these, and then internally more time as well..

Anyone have a different experience?

My banker preemptively called me yesterday and said he would love to work with me on this loan. He put me at number 3 on his list to call the moment heís taking apps. He said that internally he heard funding can be as early as next week. I still plan on shopping around though, gotta maximize this thing.

Itís a community bank based in IN.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on March 31, 2020, 08:59:04 AM
https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf

https://www.natlawreview.com/article/paycheck-protection-program-sba-loan-program-expanded-cares-act

Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on March 31, 2020, 10:42:47 AM
The banks I spoke to all said they need at least 15 days to receive guidance from the SBA on how to process these, and then internally more time as well..

Anyone have a different experience?

Might depend on a banks compliance department and their agility.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 31, 2020, 10:50:08 AM
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on March 31, 2020, 11:46:24 AM
Why should I be the first one to apply? let others be the sheep, and once knows all the ins and out will go ahead and apply
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 11:48:37 AM
Might depend on a banks compliance department and their agility.

+1

Also heard me that the individual bankers mostly wont be incentivized to get these done because they are not really originating or bringing in the customer.. its all relationship based.

The banks themselves are trying to figure out their commission structure under the bill..
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 11:49:05 AM
Why should I be the first one to apply? let others be the sheep, and once knows all the ins and out will go ahead and apply
True. There is a lot of hype about funds running out but i dont think its real..
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on March 31, 2020, 12:09:11 PM
As long as trump still needs to win the elections he will approve even a 5T package if it runs out from money :-*
Title: Re: Coronavirus Stimulus Aid Package
Post by: Yammer on March 31, 2020, 12:15:52 PM
As long as trump still needs to win the elections he will approve even a 5T package if it runs out from money :-*
There will definitely be another package..


The $2 trillion stimulus package that passed the US Senate Wednesday will allow homeowners hurt by the health crisis to postpone mortgage payments for up to 12 months. That mirrors moves announced last weekby mortgage giants Fannie Mae and Freddie Mac

https://amp.cnn.com/cnn/2020/03/26/business/mortgage-payment-coronavirus-stimulus-federal-reserve/index.html
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 01:35:49 PM
As long as trump still needs to win the elections he will approve even a 5T package if it runs out from money :-*
as long as the federal printing press works..
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 31, 2020, 03:44:17 PM
https://covid19relief.sba.gov/#/

This link gives a 10k advance on the SBA loans, but according to this https://www.sba.gov/disaster-assistance/coronavirus-covid-19 it will not have to be repaid.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 31, 2020, 04:04:25 PM
https://covid19relief.sba.gov/#/

This link gives a 10k advance on the SBA loans, but according to this https://www.sba.gov/disaster-assistance/coronavirus-covid-19 it will not have to be repaid.
If you're rejected from the loan program, the 10k is a grant. If you're approved for a loan, the 10k is rolled into the loan.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 31, 2020, 04:05:59 PM
If you're rejected from the loan program, the 10k is a grant. If you're approved for a loan, the 10k is rolled into the loan.
What if you never apply for the loan?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 31, 2020, 04:07:25 PM
What if you never apply for the loan?
You only get the 10k advance within 3 days by applying for the loan.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 31, 2020, 04:12:44 PM
Anyway to e-file a return with 0.00 income?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 31, 2020, 04:17:28 PM
You only get the 10k advance within 3 days by applying for the loan.
So this https://covid19relief.sba.gov/#/ is the loan application or it only sendsa the money once you apply for the loan?
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 04:52:15 PM
https://covid19relief.sba.gov/#/

This link gives a 10k advance on the SBA loans, but according to this https://www.sba.gov/disaster-assistance/coronavirus-covid-19 it will not have to be repaid.
My understanding is that the advance is part of the loan and does not need to be repaid.

So apply for a 10K loan and you should be good.

However, you may want to consider the PPP loan. - if you get that, the 10K from the disaster loan you will be rolled into principal. (cant have both loans)
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 31, 2020, 04:53:47 PM
Anyway to e-file a return with 0.00 income?

https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

I am not typically required to file a tax return. Can I still receive my payment?
Yes. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.

How can I file the tax return needed to receive my economic impact payment?
IRS.gov/coronavirus will soon provide information instructing people in these groups on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents and direct deposit bank account information.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 31, 2020, 04:54:12 PM
So this https://covid19relief.sba.gov/#/ is the loan application or it only sendsa the money once you apply for the loan?
Read it. Clearly a loan application.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 31, 2020, 04:56:28 PM
My understanding is that the advance is part of the loan and does not need to be repaid.

So apply for a 10K loan and you should be good.

However, you may want to consider the PPP loan. - if you get that, the 10K from the disaster loan you will be rolled into principal. (cant have both loans)
No, if the loan is approved you do need to repay the 10k as part of the loan. This only applies if your application is rejected.
You could apply for this and then roll it into the PPP loan which has a forgiveness option.
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 05:00:00 PM
No, if the loan is approved you do need to repay the 10k as part of the loan. This only applies if your application is rejected.
You could apply for this and then roll it into the PPP loan which has a forgiveness option.
-1


Economic Injury Disaster Loans & Emergency Economic Injury Grants
These grants provide an emergency advance of up to $10,000 to small businesses and private
non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury
Disaster Loan (EIDL). To access the advance, you first apply for an EIDL and then request the
advance. The advance does not need to be repaid under any circumstance, and may be used
to keep employees on payroll, to pay for sick leave, meet increased production costs due to
supply chain disruptions, or pay business obligations, including debts, rent and mortgage
payments.
F
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on March 31, 2020, 05:00:46 PM
No, if the loan is approved you do need to repay the 10k as part of the loan. This only applies if your application is rejected.
You could apply for this and then roll it into the PPP loan which has a forgiveness option.
Meaning if THIS application is rejected? So they give you the money and if the application is accepted you pay it back while if it is rejected you don't? Leave it to DC.
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on March 31, 2020, 05:03:51 PM
Meaning if THIS application is rejected? So they give you the money and if the application is accepted you pay it back while if it is rejected you don't? Leave it to DC.

You have wrong information. The 10K is not repaid under any circumstances.

https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on March 31, 2020, 05:08:08 PM
You have wrong information. The 10K is not repaid under any circumstances.

https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf
Ok thanks. Will look into it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: shapsam on March 31, 2020, 05:41:31 PM
You only get the 10k advance within 3 days by applying for the loan.
Quote
Economic Injury Disaster Advance Loan
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid.

Apply for the Loan Advance here.
It seems like it's 3 days after applying for this $10k loan advance (grant), not the PPP.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on March 31, 2020, 05:51:51 PM
Anyway to e-file a return with 0.00 income?
Yes
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on March 31, 2020, 06:00:12 PM
Yes
How?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YoelFried on March 31, 2020, 08:06:34 PM
How?
Irs free file
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on April 01, 2020, 03:19:55 AM
Irs free file
That is not the complete answer to his question.
Before getting to tricks of the pros, let's wait and see if the IRS opens a system for these cases. They did give indication that they may do something.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 01, 2020, 03:33:50 AM
+1

Also heard me that the individual bankers mostly wont be incentivized to get these done because they are not really originating or bringing in the customer.. its all relationship based.

The banks themselves are trying to figure out their commission structure under the bill..
Banks receive a 5% origination fee on loans up to 350K and 3% from 350K-2M. Donít know what they get 2M-10M.
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 01, 2020, 01:28:12 PM
Why would an essential worker report to work if his boss has to pay him in any case?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Yammer on April 01, 2020, 01:46:27 PM
Why would an essential worker report to work if his boss has to pay him in any case?
Was one of the Rs concerns about the package.
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 01, 2020, 03:19:15 PM
Finding a lender to work with you will be the biggest challenge

https://www.washingtonpost.com/business/2020/04/01/trump-coronavirus-small-business-loan-sba/
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on April 01, 2020, 09:23:52 PM
You have wrong information. The 10K is not repaid under any circumstances.

https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf
Ok thanks. Will look into it.
Does this require having employees? I did not remember seeing that it did. Is there any reason this can't be claimed by every LLC owning a property?
Title: Re: Coronavirus Stimulus Aid Package
Post by: zevi on April 01, 2020, 09:30:01 PM
Is there a minimum amount of time  you had to be employed to receive unemployment ?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 01, 2020, 10:06:08 PM
Is there a minimum amount of time  you had to be employed to receive unemployment ?
Usually yes, but with PUA you don't have a minimum requirement.
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 01, 2020, 10:17:54 PM
Is there a minimum amount of time  you had to be employed to receive unemployment ?
Waived in NY at this point
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 02, 2020, 08:03:20 AM
Irs free file
That is not the complete answer to his question.
Before getting to tricks of the pros, let's wait and see if the IRS opens a system for these cases. They did give indication that they may do something.
Tried two sites and it will not let you e-file if your income is zero. Says IRS will not accept e-file for it and must be mailed.
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 02, 2020, 03:05:11 PM
This PPP calculator seems to be very good. it has the option for sessional and new businesses too
https://www.nav.com/cares-act-sba-loan-calculator/  
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 02, 2020, 03:12:16 PM
who is nav.com?
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 02, 2020, 03:17:36 PM
who is nav.com?
https://www.nav.com/company/
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 02, 2020, 03:22:47 PM
Tried two sites and it will not let you e-file if your income is zero. Says IRS will not accept e-file for it and must be mailed.
https://www.washingtonpost.com/business/2020/04/01/bailout-checks-social-security/
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on April 02, 2020, 04:33:24 PM
Application form
Title: Re: Coronavirus Stimulus Aid Package
Post by: shwarmabob on April 02, 2020, 04:34:01 PM
Waived in NY at this point
are you serious? can you point to a source?
tnx
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 02, 2020, 04:36:02 PM
are you serious? can you point to a source?
tnx
It was posted on https://www.labor.ny.gov/home/ last week, that they waived the waiting period. I don't see that now but it does say
Quote
Any claim you file will be backdated to the date you became unemployed. If you are eligible, you will be paid for all benefits due.
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 02, 2020, 04:37:49 PM
Also if you click this link on that page:
Frequently Asked Questions about Unemployment Insurance During the Coronavirus Emergency.
https://www.labor.ny.gov/ui/pdfs/ui-covid-faq.pdf

Here is one of the Q&A:
Quote
QUESTION: Do I have to wait a week after I became unemployed before I can receive PUA
benefits?
ANSWER: No, there is no weeklong wait period for PUA.
Title: Re: Coronavirus Stimulus Aid Package
Post by: JMHO on April 02, 2020, 04:39:47 PM
Waived in NY at this point
Are you sure? Or are you referring to PUA?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 02, 2020, 04:40:40 PM
It was posted on https://www.labor.ny.gov/home/ last week, that they waived the waiting period. I don't see that now but it does say
I think you're confusing the waiting week with minimal employment requirements.
The waiting week was waived by NY at the start of the crisis, and then instituted by the Fed as part of the CARES Act.

The minimum employment requirements still stand for State Unemployment Benefits, but everyone who doesn't qualify under the State because of that is eligible for Pandemic Unemployment Assistance, as part of the CARES Act. This is administered by the State as well, and in NY now has the same process as a regular unemployment claim. The amount you'll receive depends on several factors, but it'll always be augmented by $600/week from the Fed (no separate application or process needed. It's automatic).
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 02, 2020, 04:43:34 PM
The waiting week was waived by NY at the start of the crisis, and then instituted by the Fed as part of the CARES Act.
That's what I said, but now it's not posted on the website anymore
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on April 02, 2020, 04:45:52 PM
Application form
it seems that payroll will be based on 2019 not on the 12 months proceeding loan application.. and only 25% will be anle to be used for rent, utilities under the forgivness program
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on April 02, 2020, 05:01:55 PM
https://www.nbcnews.com/politics/congress/many-americans-may-have-wait-months-coronavirus-relief-checks-n1175216
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 02, 2020, 05:11:50 PM
That's what I said, but now it's not posted on the website anymore
Looks like they moved it to the FAQ section
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 02, 2020, 05:14:56 PM
Looks like they moved it to the FAQ section
link?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 02, 2020, 05:36:51 PM
Also if you click this link on that page:
Frequently Asked Questions about Unemployment Insurance During the Coronavirus Emergency.
https://www.labor.ny.gov/ui/pdfs/ui-covid-faq.pdf

Here is one of the Q&A:
.
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 02, 2020, 05:56:07 PM
.
But as you said that is specific to PUA not regular unemployment?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 02, 2020, 06:13:47 PM
But as you said that is specific to PUA not regular unemployment?
No. It's for all unemployment. See the section for general unemployment questions
Title: Re: Coronavirus Stimulus Aid Package
Post by: TravelSER on April 02, 2020, 07:02:55 PM
Ok thanks. Will look into it.
Any clarification on this?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 02, 2020, 07:13:56 PM
Any clarification on this?
Yes, the grant is separate from the loan. Not sure how it's supposed to work (as far as the gov is concerned) because you can always choose not to take the loan, which means they're giving grants away to anyone who has seichel enough to fill out an application and use the money for allowed expense.
Title: Re: Coronavirus Stimulus Aid Package
Post by: shapsam on April 02, 2020, 07:20:11 PM
Yes, the grant is separate from the loan. Not sure how it's supposed to work (as far as the gov is concerned) because you can always choose not to take the loan, which means they're giving grants away to anyone who has seichel enough to fill out an application and use the money for allowed expense.
Do you need to apply for the PPP loan in order to get the $10k or is this application enough?
https://covid19relief.sba.gov/#/
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 02, 2020, 07:24:44 PM
Do you need to apply for the PPP loan in order to get the $10k or is this application enough?
https://covid19relief.sba.gov/#/
This application, EIDL, is for the 10k grant.
The PPP is a different program with different rules and no grant (does have a forgiveness option but with stricter rules on how/when to use)
Title: Re: Coronavirus Stimulus Aid Package
Post by: TravelSER on April 02, 2020, 07:25:32 PM
Yes, the grant is separate from the loan. Not sure how it's supposed to work (as far as the gov is concerned) because you can always choose not to take the loan, which means they're giving grants away to anyone who has seichel enough to fill out an application and use the money for allowed expense.
Thanks.
Title: Re: Coronavirus Stimulus Aid Package
Post by: shapsam on April 02, 2020, 07:26:49 PM
This application, EIDL, is for the 10k grant.
The PPP is a different program with different rules and no grant (does have a forgiveness option but with stricter rules on how/when to use)
So anyone that has ANY small business can get $10k if they feel they were impacted by covid?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on April 02, 2020, 07:28:46 PM
So anyone that has ANY small business can get $10k if they feel they were impacted by covid?

From the application it seems like itís ďup to $10kĒ, and on a PowerPoint from an an SBA office it seemed like how much might depend on # of employees. Could very well have been a PowerPoint created by someone who made incorrect assumptions.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 02, 2020, 07:30:11 PM
So anyone that has ANY small business can get $10k if they feel they were impacted by covid?
Yes, but grant must be used for certain expenses such as payroll (under EIDL company doesn't have to have any), mortgage/rent, utilities etc all in the companies name.
I have a feeling most people will be seeing grants in the $500 range because of the volume of applications (remember it's up to 10k)
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 02, 2020, 08:15:15 PM
Banks receive a 5% origination fee on loans up to 350K and 3% from 350K-2M. Donít know what they get 2M-10M.

Seems itís 1% above 2M

https://home.treasury.gov/system/files/136/PPP--IFRN%20FINAL.pdf
Title: Re: Coronavirus Stimulus Aid Package
Post by: Shauly101 on April 02, 2020, 08:40:47 PM
is the 600 Unemployment based on income? or is it a flat amount no matter the income amount?
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 02, 2020, 08:46:22 PM
is the 600 Unemployment based on income? or is it a flat amount no matter the income amount?
flat amount
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 02, 2020, 09:04:04 PM
Anyway to e-file a return with 0.00 income?
has anybody figured this out? or now that social security recipients will get it automatically everybody else (high school students and college freshmans) are out of luck
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 02, 2020, 09:07:09 PM
some info here
https://matzav.com/coronavirus-news-from-agudas-yisroel/
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 02, 2020, 09:49:23 PM
Yes, but grant must be used for certain expenses such as payroll (under EIDL company doesn't have to have any), mortgage/rent, utilities etc all in the companies name.
I have a feeling most people will be seeing grants in the $500 range because of the volume of applications (remember it's up to 10k)

What's the feeling of 500 based on?
Supposably they should be funding the grant within three days of the application
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on April 02, 2020, 09:52:46 PM
Anyone actually filed a EIDL application under new current guidelines?
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 02, 2020, 10:41:07 PM
Anyone actually filed a EIDL application under new current guidelines?
I filed an application yesterday. What are the new current guidelines? Weíll see if I get 10K by Monday
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on April 02, 2020, 11:09:13 PM
Per new guidance to banks tonight, one can get the 10k Grant and then the PPP.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 02, 2020, 11:12:05 PM
Per new guidance to banks tonight, one can get the 10k Grant and then the PPP.
That was always the case. The 10k then gets deducted from the forgiveness request on the PPP.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on April 03, 2020, 12:26:54 AM
Per new guidance to banks tonight, one can get the 10k Grant and then the PPP.
Whats the link to this info?
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on April 03, 2020, 12:28:26 AM
I filed an application yesterday. What are the new current guidelines? Weíll see if I get 10K by Monday
Thru whom did you file? SBA or a bank?
Which documents/proof did you have to provide?
DId you ask for a specific amount or it totally depends on what they approve?
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 03, 2020, 12:32:29 AM
Thru whom did you file? SBA or a bank?
Which documents/proof did you have to provide?
DId you ask for a specific amount or it totally depends on what they approve?

EIDL
Is filled for here
https://covid19relief.sba.gov/#/

PPP we be through sba lenders
Title: Re: Coronavirus Stimulus Aid Package
Post by: cholent on April 03, 2020, 12:42:09 AM
What makes a business eligible for the EIDL grant?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on April 03, 2020, 06:15:54 AM
Tried two sites and it will not let you e-file if your income is zero. Says IRS will not accept e-file for it and must be mailed.
Before getting to tricks of the pros, let's wait and see if the IRS opens a system for these cases. They did give indication that they may do something.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 03, 2020, 06:22:57 AM
What makes a business eligible for the EIDL grant?
Just about anything AFAIK. Your business just needs to have been substantially affected by Covid. Whoís hasnít?
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 03, 2020, 06:23:32 AM
Thru whom did you file? SBA or a bank?
Which documents/proof did you have to provide?
DId you ask for a specific amount or it totally depends on what they approve?

You donít ask for an amount on the application although that might come later
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on April 03, 2020, 06:32:44 AM
That was always the case. The 10k then gets deducted from the forgiveness request on the PPP.
Source?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on April 03, 2020, 06:33:18 AM
has anybody figured this out? or now that social security recipients will get it automatically everybody else (high school students and college freshmans) are out of luck
High school students and college freshmen may be dependents in which case they would not qualify for the handouts.
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 03, 2020, 07:48:47 AM
Source?

https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on April 03, 2020, 11:22:18 AM
https://heavy.com/news/2020/04/apply-payroll-protection-program-sba-covid-19/
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on April 03, 2020, 11:27:11 AM
https://heavy.com/news/2020/04/apply-payroll-protection-program-sba-covid-19/
Bl;ocked by my filter but good luck applying.
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on April 03, 2020, 11:36:08 AM
Good luck applying.

Why? It's all online
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 03, 2020, 12:18:49 PM
Why? It's all online

This is what Chase sent yesterday


Dear Business Client,

Chase wants to help you get the Small Business Administration (SBA) Paycheck Protection Program emergency funds you may need to continue paying your employees and supporting your business.

Financial institutions like ours are still awaiting guidance from the SBA and the U.S. Treasury. As a result, Chase will most likely not be able to start accepting applications on Friday, April 3rd, as we had hoped.

Make no mistake Ė we will help you, our customer, with getting access to these emergency funds. And we will make it as easy as possible for you to get these funds quickly. We hope to have the guidance we need from the government soon so that we can begin assisting you.
Here's how to find out when the program is available:
We will announce when we can start accepting applications in several ways:
1.   We will send an email to all customers for whom we have an email.
2.   We will tweet at @ChaseforBusiness and @Chase.
3.   We will update our website chase.com/cares in real time.
Please do NOT go to a branch for this, as they will not be able to assist you. All applications must be made online through this digital form.
Be ready
We encourage you to be prepared so that you have what you need when we open our website for applications. Have the following information:
ē   A Chase Business Online user ID and password Ė you'll need this to apply. If you don't have an active profile, click here to set up or update your online credentials.
ē   The date you started your business
ē   Detailed information to calculate the average monthly payroll costs.
ē   Your annual revenue
ē   Your business mailing address
Please know that Chase is doing everything we can to help you apply for this program. We will keep you updated on chase.com/cares.

Sincerely,
Jennifer Roberts
CEO, Chase Business Banking
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 03, 2020, 05:12:54 PM
If someone is a dependent on 2019 but files alone in 2020 will they receive the stimulus check?
Title: Re: Coronavirus Stimulus Aid Package
Post by: sillypainter on April 03, 2020, 05:22:14 PM
If someone is a dependent on 2019 but files alone in 2020 will they receive the stimulus check?

Yes. All is actually based on '20. The government uses '19 or '18 because they don't have the '20 numbers yet.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ltttc on April 03, 2020, 05:26:12 PM
This is what Chase sent yesterday


Dear Business Client,

Chase wants to help you get the Small Business Administration (SBA) Paycheck Protection Program emergency funds you may need to continue paying your employees and supporting your business.

Financial institutions like ours are still awaiting guidance from the SBA and the U.S. Treasury. As a result, Chase will most likely not be able to start accepting applications on Friday, April 3rd, as we had hoped.

Bigger banks like Wells Fargo and BOA are accepting applications.
Title: Re: Coronavirus Stimulus Aid Package
Post by: sillypainter on April 03, 2020, 06:21:39 PM
You can fill now out a form online with Chase for the PPP loan, but it's basically a call back form.
Title: Re: Coronavirus Stimulus Aid Package
Post by: herb on April 03, 2020, 06:26:30 PM
Bigger banks like Wells Fargo and BOA are accepting applications.
anyway to apply with wells fargo? Tried calling multiple times today and no help
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on April 04, 2020, 03:03:59 PM
Yes. All is actually based on '20. The government uses '19 or '18 because they don't have the '20 numbers yet.
It's actually a 2020 tax credit which is being prepaid as long as the IRS has your info from a 2018 or 2019 tax return.
Title: Re: Coronavirus Stimulus Aid Package
Post by: churnbabychurn on April 04, 2020, 09:02:46 PM
Looks like real estate investors are excluded from this PPP loan.

https://www.law.cornell.edu/cfr/text/13/120.110

As confirmed further by the SBA rules clarification [Docket  No. SBA-2020-0015]
Title: Re: Coronavirus Stimulus Aid Package
Post by: sillypainter on April 04, 2020, 09:06:16 PM
It's actually a 2020 tax credit which is being prepaid as long as the IRS has your info from a 2018 or 2019 tax return.

Who said otherwise?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on April 04, 2020, 09:21:07 PM
Looks like real estate investors are excluded from this PPP loan.

https://www.law.cornell.edu/cfr/text/13/120.110

As confirmed further by the SBA rules clarification [Docket  No. SBA-2020-0015]

That includes (or should I say excludes) any LLC whose major asset is a property and major income is rent?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on April 04, 2020, 11:01:59 PM
It seems like in NJ, anyone making less than $68,276 is going to getting a nice little raise for being unemployed. For NY, it's $57,804.

Looks like a lot of people are gonna have some interesting conversations with their boss...
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 04, 2020, 11:07:49 PM
It's actually a 2020 tax credit which is being prepaid as long as the IRS has your info from a 2018 or 2019 tax return.
so what happens if you donít owe taxes in 2020?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 04, 2020, 11:08:34 PM
so what happens if you donít owe taxes in 2020?
Still file a return.
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 04, 2020, 11:10:21 PM
Still file a return.
2019 or 2020? Q is if you file just 2020 will it be just a tax credit or will it be a check?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 04, 2020, 11:15:08 PM
2019 or 2020? Q is if you file just 2020 will it be just a tax credit or will it be a check?
File for 2019 now should generate a check AFAIK.
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 04, 2020, 11:18:21 PM
File for 2019 now should generate a check AFAIK.
the problem is that for 2019 they are a dependent
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 04, 2020, 11:23:02 PM
the problem is that for 2019 they are a dependent
You filed 2019 already?
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 04, 2020, 11:34:16 PM
You filed 2019 already?
they did
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 04, 2020, 11:54:18 PM
I have no idea what happens there.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ah giten on April 05, 2020, 01:12:18 AM
https://www.doctorofcredit.com/stimulus-checks-people-who-dont-file-taxes-can-register-their-bank-info-with-irs-turbotax-online-portal-to-get-their-1200/
Title: Re: Coronavirus Stimulus Aid Package
Post by: Let3 on April 05, 2020, 01:47:57 AM
It seems like in NJ, anyone making less than $68,276 is going to getting a nice little raise for being unemployed. For NY, it's $57,804.

Looks like a lot of people are gonna have some interesting conversations with their boss...
What do you mean?
You can get unemployment while you have a job with the above salaries?
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on April 05, 2020, 01:48:50 AM
What do you mean?
You can get unemployment while you have a job with the above salaries?
if you were making that money and got fired
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on April 05, 2020, 01:52:55 AM
What do you mean?
You can get unemployment while you have a job with the above salaries?

No. If you were making less than this, getting laid off and going on unemployment is a better deal than keeping your job.
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 05, 2020, 02:11:36 AM
No. If you were making less than this, getting laid off and going on unemployment is a better deal than keeping your job.
Exactly why the government is offering PPP
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 05, 2020, 02:14:36 AM
No. If you were making less than this, getting laid off and going on unemployment is a better deal than keeping your job.
This is what ďthat annoying RĒ was saying but the Dems quickly hushed him and handed everyone free money. Welcome to the Soviet Union
Title: Re: Coronavirus Stimulus Aid Package
Post by: Lurker on April 05, 2020, 02:16:36 AM
Exactly why the government is offering PPP

PPP is for the employer. If the employee would be making more on unemployment, he doesn't care if the owner is getting reimbursed or not.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Lurker on April 05, 2020, 02:18:12 AM
No. If you were making less than this, getting laid off and going on unemployment is a better deal than keeping your job.

Unless you care about having a job in 6 months from now.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on April 05, 2020, 02:36:49 AM
the problem is that for 2019 they are a dependent
I believe that 2020 is the determining year for this detail. The newly independent child should file a tax return for 2020 and then receive a $1,200 refundable credit.
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 05, 2020, 04:27:42 AM
I believe that 2020 is the determining year for this detail. The newly independent child should file a tax return for 2020 and then receive a $1,200 refundable credit.
only question is will they receive it as a tax credit ( so they will only get it if they owe$1200 in taxes) or as a check
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 05, 2020, 09:27:32 AM
No. If you were making less than this, getting laid off and going on unemployment is a better deal than keeping your job.
Please explain a better deal?
My daughter is making more now then when she worked. It has only been two weeks and she can't wait to got back to caring for and teaching her kids.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on April 05, 2020, 09:30:16 AM
Please explain a better deal?
My daughter is making more now then when she worked. It has only been two weeks and she can't wait to got back to caring for and teaching her kids.

Isnít your daughter a nurse/medical professional? Theyíre the exception here, not the rule.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on April 05, 2020, 09:31:56 AM
It seems like in NJ, anyone making less than $68,276 is going to getting a nice little raise for being unemployed. For NY, it's $57,804.

Looks like a lot of people are gonna have some interesting conversations with their boss...

Especially if you consider that unemployment makes you eligible for other handouts. OTOH it makes health insurance messy... (COBRA can be cost-prohibitive)
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 05, 2020, 09:39:23 AM
Isnít your daughter a nurse/medical professional? Theyíre the exception here, not the rule.
No she is not. She is a caring American. Just as it is wrong to paint the Jewish community with one brush it is just as wrong to paint the whole country with one brush.
Title: Re: Coronavirus Stimulus Aid Package
Post by: skyguy918 on April 05, 2020, 10:08:55 AM
Please explain a better deal?
My daughter is making more now then when she worked. It has only been two weeks and she can't wait to got back to caring for and teaching her kids.
Totally OT, but wouldn't that be nice? If somehow we realized after all of this that teachers are severely underpaid/undervalued?
Title: Re: Coronavirus Stimulus Aid Package
Post by: shapsam on April 05, 2020, 04:14:59 PM
Anyone have an answer to this:
https://www.dansdeals.com/more/coronavirus/will-apply-paycheck-protection-program-forgivable-loan/#comment-1462518
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 06, 2020, 12:51:59 AM
https://www.doctorofcredit.com/stimulus-checks-people-who-dont-file-taxes-can-register-their-bank-info-with-irs-turbotax-online-portal-to-get-their-1200/
I just did this. It looks like they add $1 under interest/dividends naming it stimulus. This way the IRS won't kick out the return for being all zeros.   
Title: Re: Coronavirus Stimulus Aid Package
Post by: SamCan on April 06, 2020, 12:55:06 AM
For ontario residents use this link to get 200 per child
https://www.ontario.ca/page/get-support-families#section-1
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on April 06, 2020, 01:47:53 AM
I filed an application yesterday. What are the new current guidelines? Weíll see if I get 10K by Monday
PLs update if you got a reply about the 10k
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 06, 2020, 01:55:13 AM
PLs update if you got a reply about the 10k
Nothing yet
Title: Re: Coronavirus Stimulus Aid Package
Post by: mgarfin on April 06, 2020, 11:01:32 AM
Faith-Based Organizations FAQ
https://www.sba.gov/sites/default/files/2020-04/SBA%20Faith-Based%20FAQ%20Final.pdf
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 06, 2020, 05:24:22 PM
Who is going to payout the 600 UI benefit? The individual states or the government?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on April 06, 2020, 05:29:03 PM
Who is going to payout the 600 UI benefit? The individual states or the government?
Fed
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 06, 2020, 05:32:47 PM
Fed
In case l wasn't clear. Feds will send a separate payout or it will be included with your UI payout?   
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on April 06, 2020, 05:51:59 PM
Included AFAIK
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 06, 2020, 05:58:48 PM
Included AFAIK
Correct. Additional benefits will be administered by the State and they will in turn be reimbursed by the Fed.
They did make it very clear though that it might not come in as one payment, but both payments (State and Supplemental Fed) will come in weekly.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Joel on April 07, 2020, 11:36:22 AM
You can now apply online for the SBA loan if you have a chase account.
https://recovery.chase.com/cares1
Title: Re: Coronavirus Stimulus Aid Package
Post by: YSP on April 07, 2020, 02:46:32 PM
Wells fargo said they are no longer accepting applications. Anywhere else to submit one?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 07, 2020, 05:00:09 PM
More money but D's want to make sure our HEROS get helped also!!!
https://www.msn.com/en-us/news/politics/senate-dems-call-for-hazard-pay-fund-in-4th-round-of-coronavirus-spending/ar-BB12hr2j
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 08, 2020, 03:18:01 PM
Daughters last day of work was 3/20 and filed for UI that night. She received a DD for the first two weeks ending 3/28 and 4/4. IL usually keeps the first week but that was waived. Everything was itemized but did not balance. I figured out they added the 600 for week ending 4/4 with no mention of it anywhere. Does the 600 start in April or did they just mess up and she should of received it for week ending 3/28 also?

ETA: Looks like they were correct.
"Among the earliest beneficiaries are unemployed people in New York, which has emerged as the epicenter of the US outbreak ó but laid-off workers in most states will eventually get the full amount due, retroactive to as early as March 29."
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on April 08, 2020, 03:35:34 PM
Daughters last day of work was 3/20 and filed for UI that night. She received a DD for the first two weeks ending 3/28 and 4/4. IL usually keeps the first week but that was waived. Everything was itemized but did not balance. I figured out they added the 600 for week ending 4/4 with no mention of it anywhere. Does the 600 start in April or did they just mess up and she should of received it for week ending 3/28 also?

ETA: Looks like they were correct.
"Among the earliest beneficiaries are unemployed people in New York, which has emerged as the epicenter of the US outbreak ó but laid-off workers in most states will eventually get the full amount due, retroactive to as early as March 29."

NY DOL website says
Quote
(Payments begin 4/5/2020)

https://www.labor.ny.gov/ui/cares-act.shtm
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 08, 2020, 03:43:45 PM
NY DOL website says
https://www.labor.ny.gov/ui/cares-act.shtm
You think each state is different? For the 600 they should all be the same, no?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Joel on April 08, 2020, 03:55:12 PM
You think each state is different? For the 600 they should all be the same, no?
Each state is different.
DW applied for UI 2 weeks ago and received this week 2 payments one the standard 50% the other $600 ($540 after taxes) we are in NY
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 08, 2020, 03:55:54 PM
(Payments begin 4/5/2020)
Payments as in cash- backdated claims should be able to get retroactive payments starting 4/5
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 08, 2020, 04:05:10 PM
Each state is different.
DW applied for UI 2 weeks ago and received this week 2 payments one the standard 50% the other $600 ($540 after taxes) we are in NY
Same weeks as my daughter, ending 3/28 and 4/4?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Joel on April 08, 2020, 04:38:35 PM
Same weeks as my daughter, ending 3/28 and 4/4?
Yup
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 08, 2020, 04:40:24 PM
Yup
So the same as IL for the 600.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Joel on April 08, 2020, 04:43:01 PM
So the same as IL for the 600.
I believe so. Just NY is giving the feds $600 quickly. Surprisingly!!
Title: Re: Coronavirus Stimulus Aid Package
Post by: Joel on April 08, 2020, 04:44:04 PM
Told DW she is making more $$ now. She should stay on UI as long as possible LOL
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 08, 2020, 04:56:35 PM
Daughter is making more but wants to go back to work. She misses her kids.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on April 11, 2020, 07:26:24 PM
https://content.govdelivery.com/accounts/USIRS/bulletins/285c986?reqfrom=share

2016 unclaimed refunds Ė deadline extended to July 15

For 2016 tax returns, the normal April 15 deadline to claim a refund has also been extended to July 15, 2020. The law provides a three-year window of opportunity to claim a refund.  If taxpayers do not file a return within three years, the money becomes property of the U.S. Treasury. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by the July 15, 2020, date.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on April 11, 2020, 07:27:22 PM
https://content.govdelivery.com/accounts/USIRS/bulletins/285e27d?reqfrom=share

Treasury, IRS launch new tool to help non-filers register for Economic Impact Payments

IRS.gov feature helps people who normally donít file get payments; second tool next week provides taxpayers with payment delivery date and provide direct deposit information
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 11, 2020, 08:15:17 PM
Trillions to businesses but USPS left on life support.
https://www.msn.com/en-us/money/news/white-house-rejects-bailout-for-postal-service-battered-by-coronavirus/ar-BB12ub09?li=BBnbfcL
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 11, 2020, 09:05:34 PM
Anyone get their 1.2k check?
Title: Re: Coronavirus Stimulus Aid Package
Post by: shwarmabob on April 11, 2020, 09:07:35 PM
Anyone get their 1.2k check?
how soon is it supposed to come?
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 11, 2020, 09:08:44 PM
how soon is it supposed to come?
They said some checks were DD already.

"We can confirm that payments are beginning to arrive in some Americansí accounts," a senior Treasury official told ABC News. "Treasury and the IRS have worked around the clock to get fast and direct economic assistance to hardworking Americans.
Title: Re: Coronavirus Stimulus Aid Package
Post by: JMHO on April 11, 2020, 09:09:53 PM
Anyone get their 1.2k check?
I think most people here are getting more than 1.2k  ;)
Title: Re: Coronavirus Stimulus Aid Package
Post by: yeshivabucher on April 11, 2020, 09:20:15 PM
if im 21 filed independently from my parents but they claimed me as a dependent am i getting anything?
Title: Re: Coronavirus Stimulus Aid Package
Post by: tov hashem on April 11, 2020, 09:20:39 PM
yes pending :)
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 11, 2020, 09:24:54 PM
if im 21 filed independently from my parents but they claimed me as a dependent am i getting anything?
https://heavy.com/news/2020/03/stimulus-check-college-students-adult-dependents/
Title: Re: Coronavirus Stimulus Aid Package
Post by: simple26 on April 11, 2020, 11:30:53 PM
yes pending :)
Nice! This is a real quick turnaround for the IRS they are basically a head of schedule they kept on saying end of April
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on April 11, 2020, 11:39:45 PM
yes pending :)
Are you Collecting social security?  Im trying to find the common denominator between people getting it.  I think they were giving first to those
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on April 12, 2020, 12:12:52 AM
Im trying to find the common denominator between people getting it.  I think they were giving first to those

I read somewhere that they were going to start from lowest income
Title: Re: Coronavirus Stimulus Aid Package
Post by: simple26 on April 12, 2020, 12:17:02 AM
I read somewhere that they were going to start from lowest income
I think that was mostly for the paper checks
Title: Re: Coronavirus Stimulus Aid Package
Post by: A3 on April 12, 2020, 12:21:53 AM
https://www.reddit.com/r/stimuluscheck/comments/fypstg/confirmed_bank_megathread/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Title: Re: Coronavirus Stimulus Aid Package
Post by: tov hashem on April 12, 2020, 01:08:21 AM
Are you Collecting social security?  Im trying to find the common denominator between people getting it.  I think they were giving first to those
nope
Title: Re: Coronavirus Stimulus Aid Package
Post by: Joel on April 12, 2020, 01:24:45 AM
nope
Which bank if i may ask?
Title: Re: Coronavirus Stimulus Aid Package
Post by: tov hashem on April 12, 2020, 01:26:40 AM
alliant cu
Title: Re: Coronavirus Stimulus Aid Package
Post by: simple26 on April 12, 2020, 01:34:10 AM
 It looks like the small banks/ Credit unions are getting the money first anyone see that ?
Title: Re: Coronavirus Stimulus Aid Package
Post by: ilherman on April 12, 2020, 01:58:57 AM
How do they have my direct deposit info? They are using same account I used to pay my taxes?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Baglach on April 12, 2020, 01:59:20 AM
How do they have my direct deposit info? They are using same account I used to pay my taxes?
Yes
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidjw0914 on April 12, 2020, 04:17:11 AM
I filed unemployment for my wife in NJ over a week ago and still says pending.does that make sense
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 12, 2020, 05:17:37 AM
I filed unemployment for my wife in NJ over a week ago and still says pending.does that make sense
I havenít even got pending

ETA: actually I see it is pending now
Title: Re: Coronavirus Stimulus Aid Package
Post by: TravelSER on April 12, 2020, 05:41:04 AM
It looks like the small banks/ Credit unions are getting the money first anyone see that ?
I believe that most banks don't post transactions over the weekend.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on April 12, 2020, 07:40:27 AM
I havenít even got pending

ETA: actually I see it is pending now

How many days from filing until you got ďpendingĒ?
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidjw0914 on April 12, 2020, 07:42:38 AM
About 4 days and I applied almost right away
Title: Re: Coronavirus Stimulus Aid Package
Post by: YesThatsMe on April 12, 2020, 08:36:02 AM
About 4 days and I applied almost right away

So if after a week all I got is ďfiledĒ that means thereís a problem?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on April 12, 2020, 11:32:15 AM
If your filing now in NJ and you are only eligible due to covid-19 then you will be denied, and then you refile with different details as theyw ill tell you to(saw this on their site)
Other might be delayed as well but they give back pay from when you applied.  So don't be so concerned of its delayed.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 12, 2020, 12:24:33 PM
How many days from filing until you got ďpendingĒ?
A week
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on April 12, 2020, 09:12:06 PM
Do i need good credit for any grant or for PPP?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on April 13, 2020, 01:53:55 PM
The US signed a stimulus bill of $2.2 trillion dollars, as far as I know itís all for domestic causes. What have other countries done and how are their economies holding up?
Title: Re: Coronavirus Stimulus Aid Package
Post by: SwellCindy on April 13, 2020, 08:14:08 PM
Re Fed UI benefits, as per my accountant typical UI conditions don't apply now, i.e. not necessary to have worked for min of 2 past QTR's, few wks ok, etc.

With that in mind he suggested I apply for a grown child who just completed training and was ready to enter the workforce, having sent out a round of resumes right before quarantine began. Obviously now plans on hold. He advised applying under premise that said adult is able & would have been pursuing a position. My two questions,

1- On application I'm asked for last date of employment (which there isn't) & EIN of Business (also N/A). What to answer since there's no option to leave blank?
2- Can anyone confirm whether this is true, that anyone who would have been looking for employment can benefit from Fed UI?

Your responses are appreciated.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 13, 2020, 09:08:02 PM
2- Can anyone confirm whether this is true, that anyone who would have been looking for employment can benefit from Fed UI?

Your responses are appreciated.
From what I've seen, you can only file for PUA if you actually landed a job but are unable to start because of Covid. If anyone knows otherwise kindly correct me.
Title: Re: Coronavirus Stimulus Aid Package
Post by: troner100 on April 14, 2020, 02:00:23 AM
does anyone know if a student with a part time job can claim unemployment?
Title: Re: Coronavirus Stimulus Aid Package
Post by: SwellCindy on April 14, 2020, 02:44:18 AM
does anyone know if a student with a part time job can claim unemployment?

Very possibly yes. As long as there's a last date of employment there's no reason not to try.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on April 14, 2020, 03:41:52 PM
Not that i know anyone that got approved since...  but officially you get back pay from when you claimed
Title: Re: Coronavirus Stimulus Aid Package
Post by: een on April 17, 2020, 09:24:49 AM
Anyone in New Jersey that got unemployment plus the $600  from the unemployment stimulus boost? I received regular unemployment but not the $600.
Title: Re: Coronavirus Stimulus Aid Package
Post by: flatbush guy on April 19, 2020, 11:37:42 AM
I tried to sign up for unemployment in NYS today.
To begin you need to st up an account.
I did the first steps entering my social ,creating a  user name.Next step is to get an email from the state and click on link to activate.When I get the activation link it tells me that the link has expired and i need to re-register, though i registered two minutes earlier.Upon reregistering i had a repeat. Has anybody had the same issue?
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on April 19, 2020, 11:51:48 AM
I tried to sign up for unemployment in NYS today.
To begin you need to st up an account.
I did the first steps entering my social ,creating a  user name.Next step is to get an email from the state and click on link to activate.When I get the activation link it tells me that the link has expired and i need to re-register, though i registered two minutes earlier.Upon reregistering i had a repeat. Has anybody had the same issue?

Good luck... I've been dealing with them for more than 2 weeks, and I'm finally getting somewhere.

If you continue having trouble, reach out to your state representative's office and they may be able to help you. In my case they gave my number to the Labor Department and I got a callback from someone who was very helpful.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 11:58:49 AM
When I get the activation link it tells me that the link has expired and i need to re-register, though i registered two minutes earlier.Upon reregistering i had a repeat. Has anybody had the same issue?

Not sure if this pertains here, but I did notice that if you try to access certain areas of the website after-hours, it times out. The full website is only available Monday through Friday, 8 am to 7:30 pm, and Saturday and Sunday, 7:30 am to 8:00 pm.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 19, 2020, 12:08:57 PM
Anyone in New Jersey that got unemployment plus the $600  from the unemployment stimulus boost? I received regular unemployment but not the $600.
According to their website you will be receiving it separately
Title: Re: Coronavirus Stimulus Aid Package
Post by: flatbush guy on April 19, 2020, 12:37:51 PM
Good luck... I've been dealing with them for more than 2 weeks, and I'm finally getting somewhere.

If you continue having trouble, reach out to your state representative's office and they may be able to help you. In my case they gave my number to the Labor Department and I got a callback from someone who was very helpful.
Thx.
Did u have the problem that you could not even set up an account? That is a step that should be entirely automated.You cannot proceed to even try and claim without that. The fact i waited so long to claim was that i thought that after this long  some of the kinks would have been worked out
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on April 19, 2020, 01:31:44 PM
Thx.
Did u have the problem that you could not even set up an account?

I already had an NY.Gov account for a while. Perhaps it would work to set that up through a different NY sure (like myDMV)?
Title: Re: Coronavirus Stimulus Aid Package
Post by: fineguy on April 19, 2020, 01:51:41 PM
According to their website you will be receiving it separately
Is that extra $600 only in NJ?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on April 19, 2020, 01:56:04 PM
Is that extra $600 only in NJ?

Not at all, itís part of the Federal CARES Act ($2.2 trillion stimulus act), but is paid by each stateís unemployment administrator/Dept. of Labor.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 02:08:17 PM
Is that extra $600 only in NJ?
Everyone currently on unemployment in the US for any reason (Covid related or not) is now receiving (or will receive shortly if their state hasn't gotten around to updating their system yet) an additional $600 weekly.
Title: Re: Coronavirus Stimulus Aid Package
Post by: fineguy on April 19, 2020, 02:12:51 PM
Is that extra $600 only in NJ?
I was told that some people are making more money unemployed than working.
That seems problematic. Unemployed workers will not want to go back to work.
Workers will want to become unemployed.
But it is what it is. Happy that it helps those who need it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 19, 2020, 02:13:54 PM
There is a time limit for unemployment. But someone who wanted to look for a new job can quit now and spend some time looking...
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on April 19, 2020, 02:23:11 PM
There is a time limit for unemployment. But someone who wanted to look for a new job can quit now and spend some time looking...
You cant file unemployment if you quit your job. Only if you were fired due to lack of work or if you have to stay home for covid-19 related reasons
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 02:44:50 PM
Workers will want to become unemployed.
I agree with this sentiment that there are some who would gladly be laid off from now til July to receive unemployment + $600.
I think the gov made a big mistake by adding a flat rate (especially such a large one) to the base rate. They should've either added a % (maybe even 100%) to the base rate, or $100/$200 flat. $600 is overdoing it for a large part of the country (excluding NY), and for many median and below employees.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 19, 2020, 02:53:52 PM
I agree with this sentiment that there are some who would gladly be laid off from now til July to receive unemployment + $600.
I think the gov made a big mistake by adding a flat rate (especially such a large one) to the base rate. They should've either added a % (maybe even 100%) to the base rate, or $100/$200 flat. $600 is overdoing it for a large part of the country (excluding NY), and for many median and below employees.
Most low income workers will benefit greatly from being unemployed right now but @CountValentine thinks workers will take a pay cut to return to work because they want to be working.

Count the number of times I said work in that sentence.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 02:57:00 PM
@CountValentine thinks workers will take a pay cut to return to work because they want to be working.

At the end of July when benefits start running out, agreed. Until then I don't see that being the case.
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 19, 2020, 02:58:19 PM
I agree with this sentiment that there are some who would gladly be laid off from now til July to receive unemployment + $600.
I think the gov made a big mistake by adding a flat rate (especially such a large one) to the base rate. They should've either added a % (maybe even 100%) to the base rate, or $100/$200 flat. $600 is overdoing it for a large part of the country (excluding NY), and for many median and below employees.
There are always those lazy bums. Not sure 600 is such a large amount. If it is a large amount then most likely it will help you since you weren't making much to begin with.
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 19, 2020, 03:00:16 PM
You cant file unemployment if you quit your job. Only if you were fired due to lack of work or if you have to stay home for covid-19 related reasons
Ask to be fired? idk
Title: Re: Coronavirus Stimulus Aid Package
Post by: avrumy on April 19, 2020, 03:03:39 PM
Does anyone know how filing unemployment in NJ works for self employed? specifically it asks when was my last day of work? is that the last time i got paid? or the last time i tried to make  a deal? (which is always obviously) . Do i say i am currently employed and low in hours of work or is it better to say unemployed? ty
Title: Re: Coronavirus Stimulus Aid Package
Post by: CountValentine on April 19, 2020, 03:10:42 PM
Do i say i am currently employed and low in hours of work or is it better to say unemployed? ty
Best to be honest.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 03:23:43 PM
Does anyone know how filing unemployment in NJ works for self employed? specifically it asks when was my last day of work? is that the last time i got paid? or the last time i tried to make  a deal? (which is always obviously) . Do i say i am currently employed and low in hours of work or is it better to say unemployed? ty
I know this is a difficult feat but try to get someone on the phone and explain your situation (and record if possible). If you're not making any $ (or very little in most states), you're eligible, but you can sometimes be disqualified if you're putting in too many hours and then you'll need to have them review your claim weekly after you file so that they can manually release after being disqualified for hours. If you can get a recording of someone telling you you can file 0 hours as long as you're not making much (in NY the limit is $504), you can save yourself the pain of having to request a review of your claim every week.

Not sure about NJ but in NY the actual process of having them review your claim after being disqualified is very simple and can be done through the message center, but since they're so backlogged it's taking them about 2 weeks to review which is annoying if you have this dilemma on a steady basis.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avrumy on April 19, 2020, 03:24:48 PM
Best to be honest.
that is for sure. I work for someone in which i get commissions.  so either one can work and is a honest answer as there is no work now.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on April 19, 2020, 03:40:08 PM
Does anyone know how filing unemployment in NJ works for self employed? specifically it asks when was my last day of work? is that the last time i got paid? or the last time i tried to make  a deal? (which is always obviously) . Do i say i am currently employed and low in hours of work or is it better to say unemployed? ty
They have a PDF explaining how to fill it out on their site, added last night
Title: Re: Coronavirus Stimulus Aid Package
Post by: yungermanchik on April 19, 2020, 05:28:48 PM
I was told that some people are making more money unemployed than working.
That seems problematic. Unemployed workers will not want to go back to work.
Workers will want to become unemployed.
But it is what it is. Happy that it helps those who need it.
My wife has this dilemma right now. The agency she works (worked?) for layed everyone off so they can accept unemployment. Now they set up a system to work remotely and wants to rehire them to do it. She's getting more through unemployment with the bonus and we have a toddler at home. On the other hand, the agency might not want to rehire her after this is over if she refuses to do remote therapy. And the child has a need to be filled.

Disclaimer: I am asking daas torah for a real answer, but i thought it would make an interesting discussion.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on April 19, 2020, 05:29:47 PM
My wife has this dilemma right now. The agency she works (worked?) for layed everyone off so they can accept unemployment. Now they set up a system to work remotely and wants to rehire them to do it. She's getting more through unemployment with the bonus and we have a toddler at home. On the other hand, the agency might not want to rehire her after this is over if she refuses to do remote therapy. And the child has a need to be filled.

Disclaimer: I am asking daas torah for a real answer, but i thought it would make an interesting discussion.
Will she be working full hours/salary?
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on April 19, 2020, 05:32:06 PM
My wife has this dilemma right now. The agency she works (worked?) for layed everyone off so they can accept unemployment. Now they set up a system to work remotely and wants to rehire them to do it. She's getting more through unemployment with the bonus and we have a toddler at home. On the other hand, the agency might not want to rehire her after this is over if she refuses to do remote therapy. And the child has a need to be filled.

Disclaimer: I am asking daas torah for a real answer, but i thought it would make an interesting discussion.
volunteer
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 06:07:36 PM
volunteer
I'd suggest volunteer til 7/31, and request a 'bonus' of deferred wages payable 8/1.
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on April 19, 2020, 06:13:47 PM
request a 'bonus' of deferred wages payable 8/1.

Really? The volunteering thing is iffy enough, this is just outright fraud...
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on April 19, 2020, 06:49:44 PM
volunteer
Don't you need to report it to the DOL if you do any work, even volunteer work?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 07:10:31 PM
Don't you need to report it to the DOL if you do any work, even volunteer work?
Generally volunteer work is allowed when unemployed and does not have to be reported.
https://www.labor.ny.gov/ui/claimantinfo/onceyouhaveappliedfaq.shtm#12
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 07:11:25 PM
I'd suggest volunteer til 7/31, and request a 'bonus' of deferred wages payable 8/1.
Btw this is an issue for a whole 'nother reason. You can't volunteer somewhere with the promise of reverting to a paid position.
https://www.labor.ny.gov/ui/claimantinfo/onceyouhaveappliedfaq.shtm#12
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on April 19, 2020, 07:24:33 PM
Generally volunteer work is allowed when unemployed and does not have to be reported.
https://www.labor.ny.gov/ui/claimantinfo/onceyouhaveappliedfaq.shtm#12

Quote
In certain instances, you may collect unemployment benefits while you do volunteer work.  You must meet all of these conditions: The volunteer work is for a charitable, religious or cultural organization

AND
You do not receive payment in any form for your volunteer work
(Example: if you "volunteer" at a school in exchange for tuition abatement or scholarship, we do not consider this true volunteer work. This work would affect your eligibility for unemployment benefits.)
AND
The volunteer work is not a precondition to being hired or rehired into a paid position
(Example: if you volunteer while on a lay-off from a social services agency that is between budgets or grants, we do not consider this true volunteer work. This work would affect your eligibility for unemployment benefits.)
AND
Your volunteer duties do not interfere with your ability to search for work
AND
Do not affect or limit the number of days and hours you are willing to work

I bolded some of the things from the link you posted that say the opposite of
Generally volunteer work is allowed when unemployed
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 19, 2020, 07:34:46 PM
I bolded some of the things from the link you posted that say the opposite of
Potato Potahto
Title: Re: Coronavirus Stimulus Aid Package
Post by: lubaby on April 19, 2020, 08:56:52 PM
I tried to sign up for unemployment in NYS today.
To begin you need to st up an account.
I did the first steps entering my social ,creating a  user name.Next step is to get an email from the state and click on link to activate.When I get the activation link it tells me that the link has expired and i need to re-register, though i registered two minutes earlier.Upon reregistering i had a repeat. Has anybody had the same issue?
Try using Internet Explorer ::)
Title: Re: Coronavirus Stimulus Aid Package
Post by: een on April 20, 2020, 08:51:06 AM
Anyone in New Jersey that got unemployment plus the $600  from the unemployment stimulus boost? I received regular unemployment but not the $600.
Update- I received the $600 x 2 for the week starting March 29
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on April 20, 2020, 10:13:01 AM
Update- I received the $600 x 2 for the week starting March 29

I donít follow. You got $600 x2 for two applicants? Or for two weeks?

And this you just got now? Itís been 3.5 weeks since 3/29...
Title: Re: Coronavirus Stimulus Aid Package
Post by: een on April 20, 2020, 10:46:53 AM
I donít follow. You got $600 x2 for two applicants? Or for two weeks?

And this you just got now? Itís been 3.5 weeks since 3/29...
Sorry, it was for two weeks and yes I got the week of March 29th and the week after. It was  a week after I got my regular unemployment.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Elikip on April 20, 2020, 05:12:02 PM
If an individual works two jobs, and was laid off from only one, does he qualify for UI?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 20, 2020, 05:20:59 PM
If an individual works two jobs, and was laid off from only one, does he qualify for UI?
https://forums.dansdeals.com/index.php?topic=115175.0

Depends by state, but in NY for example you need to work 3 days or less AND have at least a reduction of 20% in hours, as well as earn $504 or less. If this applies only to some weeks you can still apply, but will only be able to get benefits approved to the weeks that this pertains.
Title: Re: Coronavirus Stimulus Aid Package
Post by: justmeha on April 30, 2020, 01:33:49 AM
Yes. All is actually based on '20. The government uses '19 or '18 because they don't have the '20 numbers yet.
I believe that 2020 is the determining year for this detail. The newly independent child should file a tax return for 2020 and then receive a $1,200 refundable credit.
@sillypainter @Jack out of the box would you be able to point me to where the source for this is?

tia
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on April 30, 2020, 02:20:06 AM
@sillypainter @Jack out of the box would you be able to point me to where the source for this is?

tia
See the text of the law here - Section 2201. https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf
Title: Re: Coronavirus Stimulus Aid Package
Post by: Barryg on April 30, 2020, 02:38:00 AM
https://forums.dansdeals.com/index.php?topic=115175.0
Quote from: cgr on April 20, 2020, 03:35:23 PM
Depends by state, but in NY for example you need to work 3 days or less AND have at least a reduction of 20% in hours, as well as earn $504 or less. If this applies only to some weeks you can still apply, but will only be able to get benefits approved to the weeks that this pertains.
Are these regular UI laws or expanded PUA laws?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 30, 2020, 09:23:42 AM
Are these regular UI laws or expanded PUA laws?
Regular UI. Most of PUA laws (except eligibility) follow existing state law.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mf1 on April 30, 2020, 09:35:21 AM
anyone know if unemployment benifit effects medicaid/snap eligibility?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 30, 2020, 09:36:19 AM
anyone know if unemployment benifit effects medicaid/snap eligibility?
It doesn't, although agencies don't seem to be aware so an appeal might be needed. Check the Unemployment thread for more on this.
Title: Re: Coronavirus Stimulus Aid Package
Post by: shulem92 on April 30, 2020, 09:58:37 AM
It doesn't, although agencies don't seem to be aware so an appeal might be needed. Check the Unemployment thread for more on this.
regular unemployment counts. the pdf you linked in the unemployment thread is talking about the extra $600
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on April 30, 2020, 10:34:05 AM
See the text of the law here - Section 2201. https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf
How would the infant be unable to be claimed as a dependent?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on April 30, 2020, 10:52:19 AM
regular unemployment counts. the pdf you linked in the unemployment thread is talking about the extra $600
You're right. Sorry... so used to the issue being about the $600. Most don't have a problem in going over the limit with the base rate.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on May 01, 2020, 04:15:59 AM
How would the infant be unable to be claimed as a dependent?
Claimed by grandparent, other parent, etc.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on May 01, 2020, 08:19:29 AM
Claimed by grandparent, other parent, etc.
Who?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on May 01, 2020, 08:59:38 AM
Who?
The infant.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on May 01, 2020, 10:21:54 AM
The infant.
How would that help? As long as the infant can be claimed as a dependent by someone they are ineligible.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on May 01, 2020, 10:44:52 AM
How would that help? As long as the infant can be claimed as a dependent by someone they are ineligible.
The one claiming the infant gets $500.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yg1836 on May 01, 2020, 11:41:51 AM
I got this message:
You are eligible for the payment. Once we have your payment date, we will update this page.

We will deposit your payment to the bank account below.
 Does anyone know how long it comes in after putting in your information?
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on May 01, 2020, 11:44:33 AM
I got this message:
You are eligible for the payment. Once we have your payment date, we will update this page.

We will deposit your payment to the bank account below.
 Does anyone know how long it comes in after putting in your information?
IME a few days later they gave me a date, which was a few days after that.
Very scientific, but maybe it'll help you?
Title: Re: Coronavirus Stimulus Aid Package
Post by: yg1836 on May 01, 2020, 11:50:51 AM
Thanks
Title: Re: Coronavirus Stimulus Aid Package
Post by: Hjay on June 15, 2020, 08:37:42 AM
I wasnít sure where to post this but from this weekís Ami interview with Moshe Silk assistant secretary of the treasury, it seems that heís the one dealing with the airlines in regards to the cares act. @Dan  if you still want to pursue the ideas of your petition (& I hope you do cuz I loved it) maybe we can find somebody to get you a meeting or interview with himÖ
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on June 15, 2020, 11:00:54 AM
I wasnít sure where to post this but from this weekís Ami interview with Moshe Silk assistant secretary of the treasury, it seems that heís the one dealing with the airlines in regards to the cares act. @Dan  if you still want to pursue the ideas of your petition (& I hope you do cuz I loved it) maybe we can find somebody to get you a meeting or interview with himÖ

Heís the one administering whatever was legislated in the CARES act. Danís ideas would need to be part of a congressional bill to make a difference.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on June 15, 2020, 01:30:09 PM
Heís the one administering whatever was legislated in the CARES act. Danís ideas would need to be part of a congressional bill to make a difference.
While that's probably mostly true, the ones administrating any government program or regulation definitely have some power.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on June 15, 2020, 01:54:00 PM
While that's probably mostly true, the ones administrating any government program or regulation definitely have some power.

Unless Congress legislated all those things (and even if they did) you could bet the airlines would push back hard.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on July 14, 2020, 08:10:42 PM
https://hcr.ny.gov/RRP
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on July 14, 2020, 09:51:19 PM
https://hcr.ny.gov/RRP

https://forums.dansdeals.com/index.php?topic=118310.0
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on July 23, 2020, 11:47:42 AM
https://www.forbes.com/sites/zackfriedman/2020/07/22/second-stimulus-checks-new-stimulus/
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on July 23, 2020, 12:31:32 PM
https://www.forbes.com/sites/zackfriedman/2020/07/22/second-stimulus-checks-new-stimulus/
When he says it is expected to be $1,200, does he mean like the first one, per person, with dependents getting $500?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on July 23, 2020, 01:23:36 PM
When he says it is expected to be $1,200, does he mean like the first one, per person, with dependents getting $500?
i think for each dependent $1200 as well up to x amount of dependants
Title: Re: Coronavirus Stimulus Aid Package
Post by: pomy100 on July 23, 2020, 01:38:30 PM
Iím a bit out of it. Is there new rounds of checks coming out?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on July 23, 2020, 01:43:04 PM
Iím a bit out of it. Is there new rounds of checks coming out?
Proposed in congress. Hopefully it'll make it through without politics ruining it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on July 23, 2020, 02:05:21 PM
Proposed in congress. Hopefully it'll make it through without politics ruining it.

Spoiler alert.... it won't
Title: Re: Coronavirus Stimulus Aid Package
Post by: pomy100 on July 23, 2020, 02:50:02 PM
Gosh I would love some more free trump money
Title: Re: Coronavirus Stimulus Aid Package
Post by: yosefsv on July 23, 2020, 03:54:38 PM
Spoiler alert.... it won't
It looks like it will, its just not clear the amounts and limits.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on July 23, 2020, 06:57:28 PM
It looks like it will, its just not clear the amounts and limits.

We'll see next week
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on September 25, 2020, 10:55:14 AM
Westchester County is offering grants of up to 49k to small businesses (up to 99 employees) and non-profits in the County.
Details in the NY Business Relief post in my signature block below- applications close on September 30, so if you know of anyone who is eligible to apply, be sure to let them know ASAP.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on October 17, 2020, 09:05:30 PM
Bump

@NancyPeloci @DonaldJTrump
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on October 17, 2020, 11:51:05 PM
Bump

@NancyPeloci @DonaldJTrump
Apparently, Pelosi is trying to tilt the odds in Trump's favor.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on October 18, 2020, 12:28:44 AM
Apparently, Pelosi is trying to tilt the odds in Trump's favor.
Big time. At this point Trump flexed so much that everyone is blaming bubby
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 20, 2020, 01:12:07 AM
Both parties have agreed to a deal. Vote hopefully at 1PM tomorrow.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jellybelly on December 20, 2020, 01:30:31 AM
Both parties have agreed to a deal. Vote hopefully at 1PM tomorrow.
Are stimulus checks part of the package?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 20, 2020, 01:37:40 AM
Are stimulus checks part of the package?
Bill is being written up now so details pending but rumored to include $600 checks.
Title: Re: Coronavirus Stimulus Aid Package
Post by: m65 on December 20, 2020, 06:14:49 AM
Bill is being written up now so details pending but rumored to include $600 checks.
inside information?
Title: Re: Coronavirus Stimulus Aid Package
Post by: tov hashem on December 20, 2020, 09:25:17 AM
Adults+kids?
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 20, 2020, 10:08:25 AM
inside information?

No it was in the news already last night that it may be included
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 20, 2020, 06:43:01 PM
Both parties have agreed to a deal. Vote hopefully at 1PM tomorrow.

Isnít there a government shutdown tonight if the budget isnít passed?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on December 20, 2020, 06:49:01 PM
Did they include any new PPP?   I can't seem to find any indication that they did
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 20, 2020, 06:50:08 PM
Isnít there a government shutdown tonight if the budget isnít passed?
Yes, same as last week and Friday night.
They'll pass a one day extension if they can't vote tonight and they'll vote tomorrow.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 20, 2020, 06:51:06 PM
Did they include any new PPP?   I can't seem to find any indication that they did
Yes, although will probably only be for companies that suffered a loss in at least one 2020 quarter compared to that quarter in 2019.
No details yet- still waiting on bill text.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 20, 2020, 06:53:59 PM
Yes, although will probably only be for companies that suffered a loss in at least one 2020 quarter compared to that quarter in 2019.
No details yet- still waiting on bill text.

Thanks! Sounds good, if itís forgivable Iím in. Hopefully itíll be available to independent contractors like the previous rounds.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 20, 2020, 07:00:16 PM
Anything on student loans In this bill?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 20, 2020, 07:01:38 PM
Anything on student loans In this bill?

I'd imagine that's going to wait until Biden is sworn in.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 20, 2020, 07:05:51 PM
I'd imagine that's going to wait until Biden is sworn in.
Even deferrals?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 20, 2020, 07:08:28 PM
Even deferrals?
I'm talking about outright executive forgiveness. Stock up on your loans :D
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 20, 2020, 07:12:40 PM
I'm talking about outright executive forgiveness. Stock up on your loans :D
Can he do that?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 20, 2020, 07:16:32 PM
Can he do that?
https://www.forbes.com/sites/robertfarrington/2020/12/17/can-biden-really-forgive-student-loans-by-executive-order/
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 20, 2020, 07:19:16 PM
Even deferrals?
This package most likely extends the existing deferral to March or April.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 20, 2020, 07:35:23 PM
Whatís this business with another 10-11 weeks of LWA? If they arenít extending PUA then itís only going to apply to those who havenít exhausted their unemployment benefits.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 20, 2020, 07:38:07 PM
Whatís this business with another 10-11 weeks of LWA? If they arenít extending PUA then itís only going to apply to those who havenít exhausted their unemployment benefits.
PUA extension for 11 weeks from December 31 through mid/end March.

$300/week for 11 weeks from December through March 14.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 20, 2020, 07:38:18 PM
I'm talking about outright executive forgiveness. Stock up on your loans :D
Stock up as well on EIDL loans........
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 20, 2020, 07:40:17 PM
PUA extension for 11 weeks from December 31 through mid/end March.

$300/week for 11 weeks from December through March 14.

Thanks! Youíre really ontop of this (:
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on December 20, 2020, 08:10:42 PM
Stock up as well on EIDL loans........
More coming?   Just got approval last week.  Applied April 3rd!
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 20, 2020, 09:10:46 PM
Stock up as well on EIDL loans........

Say what? Where did you see that thereís even the slightest chance theyíre getting forgiven?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 20, 2020, 09:11:37 PM
More coming?   Just got approval last week.  Applied April 3rd!

For real? Did they give you the runaround forever, or did they just get in touch for the first time recently?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on December 20, 2020, 10:27:41 PM
For real? Did they give you the runaround forever, or did they just get in touch for the first time recently?
run around forever
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 20, 2020, 10:28:15 PM
Anything on student loans In this bill?

Just did a comprehensive update on my site. Unfortunately as of now looks like student loans fell through (although not all details have emerged yet).
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 20, 2020, 10:30:29 PM
Just did a comprehensive update on my site. Unfortunately as of now looks like student loans fell through (although not all details have emerged yet).
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 20, 2020, 10:30:42 PM
Just did a comprehensive update on my site. Unfortunately as of now looks like student loans fell through (although not all details have emerged yet).
What's your site?
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 20, 2020, 10:33:28 PM
What's your site?

In the signature of every post.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 20, 2020, 10:47:01 PM
What's your site?
In the signature of every post.
It's an excellent site, though I feel it's probably underutilized. I wish there was a way to publicize it to the masses.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 20, 2020, 11:15:58 PM
In the signature of every post.
Can't see signatures on tapa
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on December 20, 2020, 11:23:02 PM
Can't see signatures on tapa
http://chaiplus1.com/
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 20, 2020, 11:24:19 PM
http://chaiplus1.com/
Thanks
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 20, 2020, 11:43:02 PM
Say what? Where did you see that thereís even the slightest chance theyíre getting forgiven?
We have a Harris (BERNIE/AOC) administration coming
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 21, 2020, 12:57:51 AM
What about the opposite?
I think there will be a lot of people with higher 'income' due to receiving $600 unemployment which was higher than their usual wages.
Will they also be able to use 2019 to lower their income, so they will get more eic?
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 01:31:42 AM
Higher education compromise: The legislation includes a bipartisan agreement to forgive nearly $1.3 billion in federal loans to historically Black colleges and universities, deliver Pell grants to incarcerated students after a 26-year ban and simplify financial aid forms
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 21, 2020, 01:34:49 AM
Higher education compromise: The legislation includes a bipartisan agreement to forgive nearly $1.3 billion in federal loans to historically Black colleges and universities, deliver Pell grants to incarcerated students after a 26-year ban and simplify financial aid forms
Why specifically Blacks? Sounds racist to me?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on December 21, 2020, 01:38:18 AM
Why specifically Blacks? Sounds racist to me?
If it would be to whites, it would be racist, since it's to blacks it's pro race.  #2020 ::)
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 01:38:42 AM
Why specifically Blacks? Sounds racist to me?
Now you are racist........ :'(
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 08:17:48 AM
We have a Harris (BERNIE/AOC) administration coming

1. Did the Bernie/AOC camp specifically discuss forgiving EIDL loans? Or just a guess based on their general tendencies?
2. I think itís yet to be determined how much influence AOC/Sanders will have on the Biden administration so long as heís in power. It isnít clear to me who exactly will be pulling the strings though I find it hard to believe that Biden will be calling the shots.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 08:46:10 AM
What about the opposite?
I think there will be a lot of people with higher 'income' due to receiving $600 unemployment which was higher than their usual wages.
Will they also be able to use 2019 to lower their income, so they will get more eic?
Maybe I'm not understanding your question, but that's exactly what the bill does. It let's you use 2019 income to calculate your EITC and CTC for the 2020 tax year- usually you have to use that year's income to calculate that year's credit.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 21, 2020, 09:20:30 AM
Maybe I'm not understanding your question, but that's exactly what the bill does. It let's you use 2019 income to calculate your EITC and CTC for the 2020 tax year- usually you have to use that year's income to calculate that year's credit.
I haven't found a specific bill about all this. The HEROES bill was introduced in May but never passed. This does not seem to be that. Does this bill have some new name that I can look up on the Congress website?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 09:36:52 AM
I haven't found a specific bill about all this. The HEROES bill was introduced in May but never passed. This does not seem to be that. Does this bill have some new name that I can look up on the Congress website?
You'll need to wait for it to be introduced on the floor for the full be to be on the website. For now both republicans and democrats have put out a summary. I'll try posting links soon.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 21, 2020, 11:17:37 AM
Maybe I'm not understanding your question, but that's exactly what the bill does. It let's you use 2019 income to calculate your EITC and CTC for the 2020 tax year- usually you have to use that year's income to calculate that year's credit.
My understanding is, for example, a family with 2 kids, gets more Eic and child tax credit,  if they earned 12-24k vs if they earned only 10k.
So this year a low income person that normally earns 20k, only earned 8k due to covid. They would now only be getting Eic and ctc based on 8k. Therefore the bill says, we will let you use your higher income of 20k from last year, to get more eic and ctc.

What I'm asking regarding EIC is the opposite.
This person that only earned 8k this year, also got 25k in unemployment money. Hence their taxable income is 33k. Therefore eic looks at them as if they aren't so low income, since once your total income goes above 24k, your eic starts to go down.
So this person would benefit using 2019 earned income for the Eic vs 2020, to lower their total income.

Can they?
Title: Re: Coronavirus Stimulus Aid Package
Post by: stv17 on December 21, 2020, 11:32:40 AM
If a family has a newborn baby. Does the new baby get added on to the stimulus distribution amount?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on December 21, 2020, 11:33:55 AM
If a family has a newborn baby. Does the new baby get added on to the stimulus distribution amount?
yes, but not now. On the 2020 tax return it will be calculated
Title: Re: Coronavirus Stimulus Aid Package
Post by: stv17 on December 21, 2020, 12:04:16 PM
yes, but not now. On the 2020 tax return it will be calculated

Can u explain? will i get a deduction on my tax return amount of $500?
TY
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 21, 2020, 12:33:29 PM
Can u explain? will i get a deduction on my tax return amount of $500?
TY

You will get a tax credit on the 2020 return
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 12:55:59 PM
My understanding is, for example, a family with 2 kids, gets more Eic and child tax credit,  if they earned 12-24k vs if they earned only 10k.
So this year a low income person that normally earns 20k, only earned 8k due to covid. They would now only be getting Eic and ctc based on 8k. Therefore the bill says, we will let you use your higher income of 20k from last year, to get more eic and ctc.

What I'm asking regarding EIC is the opposite.
This person that only earned 8k this year, also got 25k in unemployment money. Hence their taxable income is 33k. Therefore eic looks at them as if they aren't so low income, since once your total income goes above 24k, your eic starts to go down.
So this person would benefit using 2019 earned income for the Eic vs 2020, to lower their total income.

Can they?

Got it now.
You're asking if it only works if 2020 income is less than 2019 income, or if they'll allow it if 2020 income is greater (and potentially disqualifying) than 2019 income.
Need to wait for the bill text to answer that question...
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 21, 2020, 01:31:17 PM
yes, but not now. On the 2020 tax return it will be calculated
Must have SSN issued by due date of return.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Flatbush on December 21, 2020, 01:36:23 PM
Does anyone know if the unemployment bonus in this bill will be retroactive as it was last time?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 01:45:35 PM
Does anyone know if the unemployment bonus in this bill will be retroactive as it was last time?
No. Will probably start on 12/27/20.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Flatbush on December 21, 2020, 01:47:08 PM
No. Will probably start on 12/27/20.
Thanks
Title: Re: Coronavirus Stimulus Aid Package
Post by: yosefsv on December 21, 2020, 02:28:08 PM
Quote
Democrats also successfully pushed for a provision, which is retroactive to the CARES Act, to expand these direct payments to mixed-status households, importantly providing immigrant families across the country with access to this financial relief

Does this mean they will now get the first $1200 as well?
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 02:33:54 PM
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-116HR133SA-RCP-116-68.pdf

5593 pages
Title: Re: Coronavirus Stimulus Aid Package
Post by: yosefsv on December 21, 2020, 02:46:45 PM
Got it now.
You're asking if it only works if 2020 income is less than 2019 income, or if they'll allow it if 2020 income is greater (and potentially disqualifying) than 2019 income.
Need to wait for the bill text to answer that question...

"(2) NO EFFECT ON DETERMINATION OF GROSS INCOME, ETC. ó Except as otherwise provided in this section, the Internal Revenue Code of 1986 shall be applied without regard to any substitution under subsection (a)."
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 02:47:56 PM
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-116HR133SA-RCP-116-68.pdf

5593 pages
Thanks! Although a small part of it is the relief bill. The chunk of it is for government funding through September 2021.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 02:50:57 PM
"(2) NO EFFECT ON DETERMINATION OF GROSS INCOME, ETC. ó Except as otherwise provided in this section, the Internal Revenue Code of 1986 shall be applied without regard to any substitution under subsection (a)."
IN GENERAL.óIf the earned income of the tax23 payer for the taxpayerís first taxable year beginning in
24 2020 is less than the earned income of the taxpayer for
25 the preceding taxable year, the credits allowed under secDecember 21, 2020 (7:54 a.m.)
2480
U:\2021OMNI\14OMNI\DivO-FF.xml SEN. APPRO.
1 tions 24(d) and 32 of the Internal Revenue Code of 1986
2 may, at the election of the taxpayer, be determined by sub3 stitutingó
4 (1) such earned income for the preceding tax5 able year, for
6 (2) such earned income for the taxpayerís first
7 taxable year beginning in 2020.
8 (b) EARNED INCOME.ó
9 (1) IN GENERAL.óFor purposes of this section,
10 the term ĎĎearned incomeíí has the meaning given
11 such term under section 32(c) of the Internal Rev12 enue Code of 1986.
13 (2) APPLICATION TO JOINT RETURNS.óFor
14 purposes of subsection (a), in the case of a joint re15 turn, the earned income of the taxpayer for the pre16 ceding taxable year shall be the sum of the earned
17 income of each spouse for such preceding taxable
18 year.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 02:52:40 PM
So I guess they wont look on unemployment income at all to determine EIC
Title: Re: Coronavirus Stimulus Aid Package
Post by: yosefsv on December 21, 2020, 02:55:04 PM
So I guess they wont look on unemployment income at all to determine EIC
NO. they will
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 02:55:35 PM
5593 pages

Good lord*. Is there anywhere written up (interestingly) how these are prepared, summarized, and voted on by congress?

*) Then again, there's a ton of wasted white space, large fonts, huge margins, and line numbering that make this many more pages than it has to be.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 02:58:00 PM
NO. they will
It seems that they WONT in most circumstances.

If you had 20k EARNED INCOME in 2019 but in 2020 you have 10K EARNED INCOME + 35K unearned income from unemployment insurance, will still be eligible
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 02:59:09 PM
IN GENERAL.óIf the earned income of the tax23 payer for the taxpayerís first taxable year beginning in
24 2020 is less than the earned income of the taxpayer for
25 the preceding taxable year, the credits allowed under secDecember 21, 2020 (7:54 a.m.)
2480
U:\2021OMNI\14OMNI\DivO-FF.xml SEN. APPRO.
1 tions 24(d) and 32 of the Internal Revenue Code of 1986
2 may, at the election of the taxpayer, be determined by sub3 stitutingó
4 (1) such earned income for the preceding tax5 able year, for
6 (2) such earned income for the taxpayerís first
7 taxable year beginning in 2020.
8 (b) EARNED INCOME.ó
9 (1) IN GENERAL.óFor purposes of this section,
10 the term ĎĎearned incomeíí has the meaning given
11 such term under section 32(c) of the Internal Rev12 enue Code of 1986.
13 (2) APPLICATION TO JOINT RETURNS.óFor
14 purposes of subsection (a), in the case of a joint re15 turn, the earned income of the taxpayer for the pre16 ceding taxable year shall be the sum of the earned
17 income of each spouse for such preceding taxable
18 year.

This says that they'll only allow an earned income replacement, not the full calculation off the previous year's AGI. Bottom line: it doesn't help those that collected UI and potentially lost EITC because of it. It does help those that didn't have earned income this year, or had very little, but are still eligible for EITC based on 2020 AGI.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yosefsv on December 21, 2020, 03:01:57 PM
It seems that they WONT in most circumstances.

If you had 20k EARNED INCOME in 2019 but in 2020 you have 10K EARNED INCOME + 35K unearned income from unemployment insurance, will still be eligible

To calculate your EIC you need to look up 2 numbers, the credit you should get with just your Earned Income, and the credit you would get with your total AGI, and whichever amount is less is your final EIC credit.

So while the bill lets you use the 2019 Earned Income, you will still use your 2020 AGI.

i.e. if your 2019 earned income is 15,000, and in 2020 you have 0 earned income and 30,000 in UI income, your EIC will be based on the 30k and not on the 15k since the 30k gives you a smaller EIC credit.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 03:12:33 PM
SIMPLIFIED APPLICATION.ó
COVERED LOANS UP TO $150,000.ó
IN GENERAL .óWith respect to a
covered loan made to an eligible recipient that
 is not more than $150,000, the covered loan
amount shall be forgiven under this section if
the eligible recipient
signs and submits to the lender a
certification, to be established by the Administrator not later than 24 days after
the date of enactment of the Economic Aid
o Hard-Hit Small Businesses, Nonprofits,
and Venues Act, whichó
 shall be not more than 1
page in length; and
shall only require the eligible recipient to provideóa description of the
number of employees the eligible
recipient was able to retain because of the covered loan;
the estimated amount
of the covered loan amount spent
by the eligible recipient on pay4 roll costs; and
the total loan value;
attests that the eligible recipient hasó
accurately provided the required certification; and
omplied with the require11 ments under section 7(a)(36); and
retains records relevant to the
form that prove compliance with such requirementsó
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 03:15:15 PM
It seems that a 25% reduction in revenue in any quarter of 2020 vs 2019 will be eligible for 2nd PPP round
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 21, 2020, 03:16:20 PM
Can independent contractors get ppp round 2?
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 03:17:45 PM
Can independent contractors get ppp round 2?
Yes
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 03:20:59 PM
It seems that new entities opened this year will also be eligible if they had payroll expenses
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 03:23:42 PM
Banks are going to receive much higher fees this time around so I guess even small loans will get more attention from banks.

Minimum amount is 50% from the loan up to $2500 for loans up to $50,000
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 03:39:35 PM
Does this mean they will now get the first $1200 as well?

Looks like it.

In the case of a return other than a joint return, the $1,200 amount in subsection (a)(1) shall be treated as being zero unless the taxpayer includes the valid identification number of the taxpayer on the return of tax for the taxable year.
ĎĎ(B) JOINT RETURNS.óIn the case of a joint return, the $2,400 amount in subsection (a)(1) shall be treated as beingó ĎĎ(i) $1,200 if the valid identification number of only 1 spouse is included on the return of tax for the taxable year
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 03:46:20 PM
Banks are going to receive much higher fees this time around so I guess even small loans will get more attention from banks.

Minimum amount is 50% from the loan up to $2500 for loans up to $50,000

Bank compensation is capped at $2500? I guess this is to incentivize smaller loans.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 03:46:51 PM
SIMPLIFIED APPLICATION.ó
COVERED LOANS UP TO $150,000.ó
IN GENERAL .óWith respect to a
covered loan made to an eligible recipient that
 is not more than $150,000, the covered loan
amount shall be forgiven under this section if
the eligible recipient
signs and submits to the lender a
certification, to be established by the Administrator not later than 24 days after
the date of enactment of the Economic Aid
o Hard-Hit Small Businesses, Nonprofits,
and Venues Act, whichó
 shall be not more than 1
page in length; and
shall only require the eligible recipient to provideóa description of the
number of employees the eligible
recipient was able to retain because of the covered loan;
the estimated amount
of the covered loan amount spent
by the eligible recipient on pay4 roll costs; and
the total loan value;
attests that the eligible recipient hasó
accurately provided the required certification; and
omplied with the require11 ments under section 7(a)(36); and
retains records relevant to the
form that prove compliance with such requirementsó

Yay, simplified forgiveness, looking sweet.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 03:48:11 PM
Can independent contractors get ppp round 2?

Isnít this round 3? Canít wait to see the details :)

ETA: Hopefully independent contractors can use 2019 Schedule C as basis for this round as well.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 03:55:04 PM
Some more good news (if it's true) :

Quote
Firms that received a cash advance through the Economic Injury Disaster Loan program also will no longer have to deduct the advance from their PPP loan forgiveness amount.

Source: https://www.cnbc.com/2020/12/21/covid-relief-bill-adds-ppp-tax-breaks-the-treasury-opposed.html

Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 21, 2020, 04:04:01 PM
Some more good news (if it's true) :

Source: https://www.cnbc.com/2020/12/21/covid-relief-bill-adds-ppp-tax-breaks-the-treasury-opposed.html



Yay on the tax deductibility!
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 21, 2020, 04:06:11 PM
So the $600 per person stimulus is totally phased out at $174K AGI for joint filers?
How do dependents affect the phaseout?
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 21, 2020, 04:12:22 PM
So the $600 per person stimulus is totally phased out at $174K AGI for joint filers?
How do dependents affect the phaseout?
If it's the same as the first round, the phase out continues at the same rate until everything is phased out.
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 21, 2020, 04:17:45 PM
So the $600 per person stimulus is totally phased out at $174K AGI for joint filers?
How do dependents affect the phaseout?

I was under the impression that the income eligibility requirements were the same as last time which was this:

"You are eligible to receive the full payment if your adjusted gross income is below $150,00 and a reduced payment amount if it is above $150,000. The adjusted gross income limit for a reduced payment is $198,000 if you donít have children and increases by $10,000 for each qualifying child under 17."
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 04:21:09 PM
PPP Round 2: Business is classified under NAICS 72 (food establishment), get a PPP loan at 3.5X of monthly payroll, instead of the regular 2.5X.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mordyk on December 21, 2020, 04:47:28 PM
PPP Round 2: Business is classified under NAICS 72 (food establishment), get a PPP loan at 3.5X of monthly payroll, instead of the regular 2.5X.
I'm so happy to hear this!! I always feel bad for one of the biggest victims of covid, the restaurants :(
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 21, 2020, 04:48:21 PM
Can y'all check my work for errors/omissions?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 04:57:58 PM
I'm so happy to hear this!! I always feel bad for one of the biggest victims of covid, the restaurants :(

Not sure even this will be enough to save some of them.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 21, 2020, 04:58:13 PM
Yay on the tax deductibility!
Does the bill require showing losses in 2020 compared to previous years?
Are there limits?
Title: Re: Coronavirus Stimulus Aid Package
Post by: bubkiz on December 21, 2020, 04:59:10 PM
EITC 2019 Lookback Q:
Any changes to disqualifying income (dividends, interest, capital gains) limits? Can the 2019 amount be used?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 21, 2020, 05:02:15 PM
Can y'all check my work for errors/omissions?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/
Meals 100% deduction is for 2021 and 2022 :)
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 21, 2020, 05:04:25 PM
Can y'all check my work for errors/omissions?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/
Quote
Earned Income Tax Credits and Child Tax Credits will allow you to use your choice of 2019 or 2020 earned income for qualification on your 2020 tax return., though you will need to include unemployment income if calculating your 2020 AGI.
IIUC, you are required to use your 2020 AGI. This paragraph makes it sound like you have a choice.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 21, 2020, 05:05:59 PM
Can y'all check my work for errors/omissions?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/
$1.3 billion in federal student loan forgiveness for historically Black colleges.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 21, 2020, 05:11:22 PM
Meals 100% deduction is for 2021 and 2022 :)
IIUC, you are required to use your 2020 AGI. This paragraph makes it sound like you have a choice.
$1.3 billion in federal student loan forgiveness for historically Black colleges.
Fixed, what else :)
Title: Re: Coronavirus Stimulus Aid Package
Post by: points 99 on December 21, 2020, 05:15:57 PM
Fixed, what else :)
u gotta update your profile status UA DL
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 21, 2020, 05:22:42 PM
Can y'all check my work for errors/omissions?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/
If you have a c- section scheduled for Jan 2nd, you may want to consider moving it up to December 31st for $1100.
Title: Re: Coronavirus Stimulus Aid Package
Post by: points 99 on December 21, 2020, 05:24:45 PM
If you have a c- section scheduled for Jan 2nd, you may want to consider moving it up to December 31st for $1100.
No kidding, I know someone who paid the doctor extra to do it on a Sunday, because he wanted a Sunday bris...
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on December 21, 2020, 05:26:51 PM
That *it* will do.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 05:30:37 PM
Does the bill require showing losses in 2020 compared to previous years?
Are there limits?
To be eligible for a second round of PPP, business must show a 25% gross revenue deduction for one quarter in 2020, as compared to the same quarter in 2019.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 21, 2020, 05:31:50 PM
To be eligible for a second round of PPP, business must show a 25% gross revenue deduction for one quarter in 2020, as compared to the same quarter in 2019.
I mean for deductibility of expenses paid for with PPP funds.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 21, 2020, 05:31:50 PM
If you have a c- section scheduled for Jan 2nd, you may want to consider moving it up to December 31st for $1100.
Not to mention child tax credit
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on December 21, 2020, 05:35:52 PM
If you have a c- section scheduled for Jan 2nd, you may want to consider moving it up to December 31st for $1100.
username checks out :)
it would be good for an insurance deductible too
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 05:40:47 PM
I mean for deductibility of expenses paid for with PPP funds.
No- that's across the board.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 21, 2020, 05:41:09 PM
No- that's across the board.
Nice!
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 05:56:19 PM
Can y'all check my work for errors/omissions?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/

At a glance:

Unemployment:
Looks like March 14, 2020 is not a hard end date for PUA and PEUC- those that still have unused benefit weeks available will continue receiving benefits through April 5, 2021.
Requires states to require employers to inform of any employees refusing an employment offer.

PPP:
Nonprofits are now eligible for PPP loans.
Most were eligible before as well, only 501(c)6 was recently added.
Allows entities who didn't receive the full PPP amount they were eligible for in Round 1, to receive the difference now.
Expands allowable expenses to include supplier costs, PPE and the like, as well as property damage costs as a result of looting.
Is it certain that first-time applicants can apply without the 25% gross reduction rule?

EIDL:
EIDL grants for an emergency grant for small businesses of up to $10,000.
Must be located in a low-income neighborhood to qualify.

SNAP:
Food stamps will be funded with $13 billion and will give 15% more benefits.
Jan 1, 2021 through Jun 30, 2021

P-EBT:
Allows states to generalize on school closure calculations instead of checking each school separately for closure eligibility.
Title: Re: Coronavirus Stimulus Aid Package
Post by: m65 on December 21, 2020, 06:04:08 PM
If you have a c- section scheduled for Jan 2nd, you may want to consider moving it up to December 31st for $1100.
but then u may have a child born with the mazal of 2020
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on December 21, 2020, 06:04:59 PM
but then u may have a child born with the mazal of 2020
it's 5781 so hopefully it'll be fine
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 06:11:52 PM
This is HUGE:
Extension and expansion of the Employee Retention Tax Credit through July 1, 2021. The bill increases the refundable payroll tax credit from a maximum of $5,000 to $14,000 by changing the calculation from 50% of wages paid up to $10,000 to 70% of wages paid up to $10,000 for any quarter. The bill clarifies that businesses will now be able to take the Employee Retention Tax Credit and participate in the PPP.

Back when PPP was all the hype but ERTC wasn't allowed for companies that received PPP, I noticed that for many ERTC was higher than PPP. Now that both can be taken (although I'm assuming not concurrently) ERTC will be a serious benefit.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 07:10:34 PM
Bank compensation is capped at $2500? I guess this is to incentivize smaller loans.
for loans up to $50,000
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 07:19:34 PM
If someone didnt at all take PPP round 1 because of EIDL grant will now be able to receive twice?
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 07:28:38 PM
To calculate your EIC you need to look up 2 numbers, the credit you should get with just your Earned Income, and the credit you would get with your total AGI, and whichever amount is less is your final EIC credit.

So while the bill lets you use the 2019 Earned Income, you will still use your 2020 AGI.

i.e. if your 2019 earned income is 15,000, and in 2020 you have 0 earned income and 30,000 in UI income, your EIC will be based on the 30k and not on the 15k since the 30k gives you a smaller EIC credit.
But I guess for CTC everyone will benefit if 2020 was lower
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 07:31:51 PM
If someone didnt at all take PPP round 1 because of EIDL grant will now be able to receive twice?

Doubtful, though I havenít seen it written anywhere.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 07:35:26 PM
Doubtful, though I havenít seen it written anywhere.
@Dan SOURCE?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/

PPP forgivable loans have been funded with an additional $284 billion. 501(c)6 nonprofits are now eligible for PPP loans. To qualify, a company must make a good faith certification that they need the loan based on current economic conditions. They can get a loan of 2.5 times the monthly payroll, capped at $20,833 in funding per employee and can spend it over 24 weeks with at least 60% going towards payroll. If they didnít take the full PPP previously, they can claim it now. Allowable expenses now include supplier costs, PPE, and property damage due to looting. If they are taking a 2nd PPP loan they must demonstrate a loss of 25% of greater in any quarter of 2020 as compared to the same quarter in 2019.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 07:44:46 PM
A business that had a 24% revenue deduction vs 2019, instead of $1M profit in 2019 has now a $1M loss, is not eligible #CHELEM
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 07:47:50 PM
A business that had a 24% revenue deduction vs 2019, instead of $1M profit in 2019 has now a $1M loss, is not eligible #CHELEM
It's based off gross revenue...
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 07:50:52 PM
It's based off gross revenue...
This is called #CHELEM
A lot of ppl saw a decrease in revenue because supply was scarce, however profit jumped because of price increases
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 07:52:32 PM
@Dan SOURCE?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/

PPP forgivable loans have been funded with an additional $284 billion. 501(c)6 nonprofits are now eligible for PPP loans. To qualify, a company must make a good faith certification that they need the loan based on current economic conditions. They can get a loan of 2.5 times the monthly payroll, capped at $20,833 in funding per employee and can spend it over 24 weeks with at least 60% going towards payroll. If they didnít take the full PPP previously, they can claim it now. Allowable expenses now include supplier costs, PPE, and property damage due to looting. If they are taking a 2nd PPP loan they must demonstrate a loss of 25% of greater in any quarter of 2020 as compared to the same quarter in 2019.
Page 2083
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 21, 2020, 08:01:17 PM
Page 2083
Thanks.
It seems only if it was due to a  rule change or you didnt accept full approved amount, but if you applied with less proof than you can not request now an increase
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 21, 2020, 08:26:53 PM
@Dan SOURCE?

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/

PPP forgivable loans have been funded with an additional $284 billion. 501(c)6 nonprofits are now eligible for PPP loans. To qualify, a company must make a good faith certification that they need the loan based on current economic conditions. They can get a loan of 2.5 times the monthly payroll, capped at $20,833 in funding per employee and can spend it over 24 weeks with at least 60% going towards payroll. If they didnít take the full PPP previously, they can claim it now. Allowable expenses now include supplier costs, PPE, and property damage due to looting. If they are taking a 2nd PPP loan they must demonstrate a loss of 25% of greater in any quarter of 2020 as compared to the same quarter in 2019.

Is that for everyone or only for certain entities?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 10:16:11 PM
Just did an overview of all that I came across in the bill and on various sites. If you read my posts and come across anything that you know or think I might have interpreted incorrectly, I'd appreciate the feedback!
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 21, 2020, 10:16:28 PM
Thanks.
It seems only if it was due to a  rule change or you didnt accept full approved amount, but if you applied with less proof than you can not request now an increase

Thanks correct- thanks for clarifying.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 21, 2020, 11:20:31 PM
Passing Senate now. Has already 92 votes, against 6 nays.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 22, 2020, 01:36:59 AM
Not to mention child tax credit
Based on current law it's just a matter of whether you get the CTC for 2020 or for 2037. You get a maximum of 16 years per child.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 22, 2020, 01:38:30 AM
Based on current law it's just a matter of whether you get the CTC for 2020 or for 2037. You get a maximum of 16 years per child.
After Moshiach comes there will still be CTC?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 22, 2020, 01:39:34 AM
But I guess for CTC everyone will benefit if 2020 was lower
Depends on number of kids compared with earned income.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 22, 2020, 01:42:03 AM
After Moshiach comes there will still be CTC?
I hope Mashiach comes before Feb 15 (the earliest that the IRS sends out CTC refunds).
Title: Re: Coronavirus Stimulus Aid Package
Post by: Euclid on December 22, 2020, 02:16:55 AM
After Moshiach comes there will still be CTC?
who's going to make moshiach come?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 22, 2020, 08:32:51 AM
who's going to make moshiach come?

Itís gonna be the little little kinderlach... 🎶
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on December 22, 2020, 08:41:54 AM
Itís gonna be the little little kinderlach... 🎶
born in 2020 or 2021?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 22, 2020, 08:44:28 AM
born in 2020 or 2021?

little little and little, little, little, little respectively
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 22, 2020, 09:02:15 AM
This time around I didn't find anything excluding US-citizens married to NRAs from stimulus payments. Is there something I missed?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 22, 2020, 09:06:53 AM
This time around I didn't find anything excluding US-citizens married to NRAs from stimulus payments. Is there something I missed?
From @cgr 's amazing website (http://chaiplus1.com/news/crr-individuals/):

Quote
Expands stimulus payment eligibility to mixed-status households- previously households where only one parent is a US citizen/resident alien with a SSN were ineligible. This applies retroactively to the previous round as well.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 22, 2020, 09:27:57 AM
Message from my marketing team to all those gold sellers making commercials: Check out Rand Paul's speech last night in Senate. You may want to put parts of it in your future commercials.

https://www.c-span.org/video/?507477-1/us-senate-approves-covid-relief-omnibus-spending-legislation (at the 1:40:00 mark).
Title: Re: Coronavirus Stimulus Aid Package
Post by: bubkiz on December 22, 2020, 10:24:02 AM
Charitable Contribution
The above-the-line charitable contribution is extended through 2021 at $600 for those married filing jointly and $300 for other filers. This means taxpayers will be able to take the standard deduction and deduct up to $600 in charitable giving when calculating their taxable income. For the 2020 tax year, taxpayers could deduct up to $300 above-the-line for charitable contributions.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 22, 2020, 12:39:10 PM
Solar tax credit is extended for another 2 years. Instead of dropping to 22% in 2021 and 0 in 2022 it's staying at 26% for 2021 & 2022 22% for 2023 and 0 in 2024.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yosefsv on December 22, 2020, 02:25:30 PM
But I guess for CTC everyone will benefit if 2020 was lower
Depends on number of kids compared with earned income.
The CTC is not based on the earned income. only the Additional child tax credit is based on EA.

The CTC is non refundable and its based on the amount of dependents vs. the tax due on your total AGI, the ACTC is a refundable credit based on the Earned Income (and the unearned income will not reduce the credit, as long as you qualify for the CTC)
Title: Re: Coronavirus Stimulus Aid Package
Post by: stooges44 on December 22, 2020, 03:35:02 PM
https://www.foxnews.com/politics/foreign-aid-government-funding-package-coronavirus-relief-uproar
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 22, 2020, 03:43:57 PM
PPP loans and EIDL grants will not be taxable and all associated expenses will be deductible. The forgiveness of the PPP loan will increase basis (as tax-exempt income), but not the receipt of the loan. Accordingly, S corporations should ensure that there is an adequate basis to take the losses related to the PPP expenditures.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 22, 2020, 03:51:10 PM
Charitable Contribution
The above-the-line charitable contribution is extended through 2021 at $600 for those married filing jointly and $300 for other filers. This means taxpayers will be able to take the standard deduction and deduct up to $600 in charitable giving when calculating their taxable income. For the 2020 tax year, taxpayers could deduct up to $300 above-the-line for charitable contributions.
I was listening to a webinar just today for my CPE in which the presenter pointed out (not taking into account this bill) that joint returns do not get to double the $300. Does this bill change that to allow $600 for joint returns?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 22, 2020, 03:53:56 PM
I was listening to a webinar just today for my CPE in which the presenter pointed out (not taking into account this bill) that joint returns do not get to double the $300. Does this bill change that to allow $600 for joint returns?
Yep.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 22, 2020, 04:01:12 PM
Expands stimulus payment eligibility to mixed-status households- previously households where only one parent is a US citizen/resident alien with a SSN were ineligible. This applies retroactively to the previous round as well.
Can someone please direct me to the clause about the retroactive part?
Thanks
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 22, 2020, 04:09:30 PM
Can someone please direct me to the clause about the retroactive part?
Thanks

Looks like it.

In the case of a return other than a joint return, the $1,200 amount in subsection (a)(1) shall be treated as being zero unless the taxpayer includes the valid identification number of the taxpayer on the return of tax for the taxable year.
ĎĎ(B) JOINT RETURNS.óIn the case of a joint return, the $2,400 amount in subsection (a)(1) shall be treated as beingó ĎĎ(i) $1,200 if the valid identification number of only 1 spouse is included on the return of tax for the taxable year
Title: Re: Coronavirus Stimulus Aid Package
Post by: Mf1 on December 22, 2020, 07:08:30 PM
An overview of various aspects of the package effecting the frum Community
https://hamodia.com/2020/12/22/orthodox-community-advocates-evaluate-covid-relief-bill/
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 22, 2020, 07:40:15 PM
Are you sure that the $600 charity is also for 2020 (not just 2021)?)
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 22, 2020, 07:41:23 PM
Trump will veto the bill until it's raised to $2000

Invalid Tweet ID
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 22, 2020, 07:47:23 PM
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 22, 2020, 07:47:49 PM
Trump will veto the bill until it's raised to $2000

Invalid Tweet ID
The bill was voted in with veto-proof majority, wasn't it?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Davidthebest on December 22, 2020, 07:49:37 PM
A
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 22, 2020, 07:50:03 PM
Trump will veto the bill until it's raised to $2000

Invalid Tweet ID
What chance do we have that our gets raised?
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on December 22, 2020, 07:55:23 PM
What chance do we have that our gets raised?
Less than the chance of all the garbage in the bill getting cut out.

Can we reintroduce the line item veto?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jellybelly on December 22, 2020, 07:55:35 PM
Trump will veto the bill until it's raised to $2000

Invalid Tweet ID
And cut out the pork
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 22, 2020, 07:56:53 PM
What chance do we have that our gets raised?
Gornisht mit nisht.
They'll override the veto and he'll sing from the rooftops that he wanted to help the American people, and Congress wasn't on board.
If he would've gone with 1200, he could have gotten traction- maybe. 2000 is him making a fuss with the knowledge that it won't pass.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 22, 2020, 07:57:38 PM
Less than the chance of all the garbage in the bill getting cut out.

Can we reintroduce the line item veto?
That's no good. If the garbage stays, we deserve more that $600.
What's another 100 billion to the deficit?  :)
Title: Re: Coronavirus Stimulus Aid Package
Post by: bestwatchman on December 22, 2020, 07:59:34 PM
He's full of surprises...
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 22, 2020, 08:01:31 PM
The bill was voted in with veto-proof majority, wasn't it?
Not so simple. Many will feel pressure to back the President.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jellybelly on December 22, 2020, 08:06:29 PM
Gornisht mit nisht.
They'll override the veto and he'll sing from the rooftops that he wanted to help the American people, and Congress wasn't on board.
If he would've gone with 1200, he could have gotten traction- maybe. 2000 is him making a fuss with the knowledge that it won't pass.
Iím assuming you never read the Art of the Deal 🙄
I never did either, but I assume it says to go twice as high as you really want and meet in the middle
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jellybelly on December 22, 2020, 08:09:26 PM
Not so simple. Many will feel pressure to back the President.
Even AOC wasnít happy about the bill
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 22, 2020, 08:10:26 PM
Even AOC wasnít happy about the bill

Even? If she had her way half the bill would be axed and the other half would be multiplied by 10.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 22, 2020, 08:18:44 PM
Not so simple. Many will feel pressure to back the President.
That would take us back to the fun and games of the last 6 months
Title: Re: Coronavirus Stimulus Aid Package
Post by: yungermanchik on December 22, 2020, 08:27:52 PM
What's another 100 billion to the deficit?  :)
ď...with money you donít have, to impress people you donít like.Ē - DR
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 22, 2020, 08:27:57 PM
The bill was voted in with veto-proof majority, wasn't it?
Yes, they still need to vote again to override the veto which the Republicans may not do.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 22, 2020, 08:33:25 PM
Everyone here is missing the boat.

In all likelihood, Congress will not be able to override the veto even if support remains behind the bill. The bill has not been delivered yet to Trump, and once it gets to him, Trump can pocket veto the bill for 10 days before it would take effect, but by then, this congress would be dissolved and the entire process would have to restart.

In short, the president can ignore the bill. Generally, a bill that is ignored will automatically become law after 10 days. In this case, however, 10 days would be after January 3, and this congress -along with any unsigned bills - would be terminated. In order for congress to vote on a veto override, the president would first have to veto it. He won't veto outright, as the timing is prime for a successful pocket veto.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 22, 2020, 08:35:14 PM
Everyone here is missing the boat.

In all likelihood, Congress will not be able to override the veto even if support remains behind the bill. The bill has not been delivered yet to Trump, and once it gets to him, Trump can pocket veto the bill for 10 days before it would take effect, but by then, this congress would be dissolved and the entire process would have to restart.

In short, the president can ignore the bill. Generally, a bill that is ignored will automatically become law after 10 days. In this case, however, 10 days would be after January 3, and this congress -along with any unsigned bills - would be terminated. In order for congress to vote on a veto override, the president would first have to veto it. He won't veto outright, as the timing is prime for a successful pocket veto.
(https://i.postimg.cc/fT2sKjtL/unnamed.png) (https://postimages.org/)
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 22, 2020, 08:36:23 PM
Great thread on this from Fox's Chad Pergram

https://threader.app/thread/1341550658332340225
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 22, 2020, 08:37:28 PM
Gornisht mit nisht.
They'll override the veto and he'll sing from the rooftops that he wanted to help the American people, and Congress wasn't on board.
If he would've gone with 1200, he could have gotten traction- maybe. 2000 is him making a fuss with the knowledge that it won't pass.

Yup, foolish move. If they call his bluff he goes down in the books as an obstructionist who blocked funding Americans needed. Then come January 20th the Biden administration will take credit for a ďbigger and betterĒ stimulus bill.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 22, 2020, 08:37:59 PM
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 22, 2020, 08:40:47 PM
A good idea that the media shouldn't be busy with his pardons
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 22, 2020, 08:44:42 PM
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on December 22, 2020, 08:47:28 PM
Huh? Who does she think she's fooling?

Anyways, I agree to $2,000 per person, too. But let's cut out half the bill first.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 22, 2020, 08:47:55 PM

Nice move calling his bluff, but odds are 0% house and senate will vote on an identical bill with the only changes being date corrections and increasing the amounts on the stimulus-related provisions. Itíll be another opportunity to pork it up some more and some more tussling for D interests vs R interests.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 22, 2020, 08:48:18 PM
Everyone here is missing the boat.

In all likelihood, Congress will not be able to override the veto even if support remains behind the bill. The bill has not been delivered yet to Trump, and once it gets to him, Trump can pocket veto the bill for 10 days before it would take effect, but by then, this congress would be dissolved and the entire process would have to restart.

In short, the president can ignore the bill. Generally, a bill that is ignored will automatically become law after 10 days. In this case, however, 10 days would be after January 3, and this congress -along with any unsigned bills - would be terminated. In order for congress to vote on a veto override, the president would first have to veto it. He won't veto outright, as the timing is prime for a successful pocket veto.
Great thread on this from Fox's Chad Pergram

https://threader.app/thread/1341550658332340225
@Dan your DDMS post says that congress can override. I believe that is wrong.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 22, 2020, 08:48:33 PM
But Trump will veto it if it doesn't include the elimination of Section 230 :-*
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 22, 2020, 09:00:00 PM
WASHINGTON: House Speaker Nancy Pelosi says she's ready to pass Trump's demand to up the stimulus check amount to $2,000 this week by unanimous consent, which doesn't require a vote.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 22, 2020, 09:03:42 PM
WASHINGTON: House Speaker Nancy Pelosi says she's ready to pass Trump's demand to up the stimulus check amount to $2,000 this week by unanimous consent, which doesn't require a vote.

That would be super cool, win win win if itís a real possibility.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 22, 2020, 09:06:35 PM
If this bill fails apart, and people don't get more money, the Democrats will for sure win Georgia.
People are looking for the money now.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 22, 2020, 10:03:22 PM
If this bill fails apart, and people don't get more money, the Democrats will for sure win Georgia.
People are looking for the money now.
Trump is trying to paint it as democrat fault.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 22, 2020, 10:07:56 PM
WASHINGTON: House Speaker Nancy Pelosi says she's ready to pass Trump's demand to up the stimulus check amount to $2,000 this week by unanimous consent, which doesn't require a vote.
Pipe dream.
I'm disappointed in Dems for calling his bluff. One step closer to this deal falling apart completely.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 22, 2020, 10:08:59 PM
Republicans should agree to the $2000 and portray that in Georgia as a win
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 22, 2020, 10:47:41 PM
Anyone know how much the Australian govt gave COVID relief aid since pandemic started?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jellybelly on December 22, 2020, 10:48:36 PM
Can someone explain to me what the insurrection Act is and why they stuck an amendment inside this bill which nullified it?
Title: Re: Coronavirus Stimulus Aid Package
Post by: yungermanchik on December 22, 2020, 11:06:58 PM
Do any of the "several other changes" that President Trump is requesting have to do with this:
https://www.foxnews.com/politics/foreign-aid-government-funding-package-coronavirus-relief-uproar
?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 22, 2020, 11:40:54 PM
Do any of the "several other changes" that President Trump is requesting have to do with this: ?
Some of it.
For example he said, why 1.2 billion to Egypt, but then they will go ahead and use the money to buy arms from Russia.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jellybelly on December 23, 2020, 09:06:26 AM
Omar just tweeted to pass a bill with only the 2k in it and nothing else.
Letís see if trump goes with that...
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 23, 2020, 09:09:50 AM
Omar just tweeted to pass a bill with only the 2k in it and nothing else.
Letís see if trump goes with that...

That would be a win for the Ds, since apparently the $2k is not his only problem with the current bill on his desk.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 23, 2020, 10:12:58 AM
Seeing all the Dems jumping in with tweets saying "Let's do $2,000, glad the president is on our side" makes me think they are all becoming geirim/being chozer b'teshuva. Suddenly no mention of all that pork.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 23, 2020, 10:43:45 AM
Seeing all the Dems jumping in with tweets saying "Let's do $2,000, glad the president is on our side" makes me think they are all becoming geirim/being chozer b'teshuva. Suddenly no mention of all that pork.
The Rs should prey on that and introduce a bill with the 2k and cut the pork. (wishful thinking, I know)
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 23, 2020, 11:11:56 AM
The Rs should prey on that and introduce a bill with the 2k and cut the pork. (wishful thinking, I know)
They wouldn't be able to get away with cutting the D pork without cutting the R pork.

Also, many seem to be confusing this bill with a regular stimulus bill. This bill is really a full appropriations bill with the stimulus being a small part of it. That pork is all simply part of every regular appropriations bill.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on December 23, 2020, 11:39:37 AM
At $600 per qualified person it costs ~$200 Billion, so if we changed that to $2,000 it would cost ~$670 Billion (though in reality less because it wont be 2000 for each child). After that there's still plenty of money to add to unemployment benefits before we reach the same $900 Billion. If they actually did this it would be a historic act and likely the first time in any of our lifetimes that a congressional bill was more tilted to ordinary people than to lobbyists.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 23, 2020, 12:10:19 PM
At $600 per qualified person it costs ~$200 Billion, so if we changed that to $2,000 it would cost ~$670 Billion (though in reality less because it wont be 2000 for each child). After that there's still plenty of money to add to unemployment benefits before we reach the same $900 Billion. If they actually did this it would be a historic act and likely the first time in any of our lifetimes that a congressional bill was more tilted to ordinary people than to lobbyists.

Thereís 0% chance of that happening, just like thereís 0% chance of the omnibus bill passing with all the pork cut. This is simply how business gets done in Washington and one more reason our country is going to h*ll.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 23, 2020, 12:55:53 PM
The Rs should prey on that and introduce a bill with the 2k and cut the pork. (wishful thinking, I know)
The pork is just as much Republican if not more.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 23, 2020, 01:19:31 PM
The dems will be happy to cut all pork and just do 2k, because they can always pass a spending bill more favorable to them with the next congress.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 23, 2020, 01:31:56 PM
The dems will be happy to cut all pork and just do 2k, because they can always pass a spending bill more favorable to them with the next congress.

Wouldn't that depend on the senate? Also, isn't doesn't this spending bill cover the entire budged through 3Q21?
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 23, 2020, 01:38:41 PM
Wouldn't that depend on the senate? Also, isn't doesn't this spending bill cover the entire budged through 3Q21?
There will be more pressure on the rs even if they keep the senate if there is a d president. Also a new congress won't want to be seen as obstructionist
Title: Re: Coronavirus Stimulus Aid Package
Post by: yos9694 on December 23, 2020, 01:51:23 PM
Thereís 0% chance of that happening, just like thereís 0% chance of the omnibus bill passing with all the pork cut. This is simply how business gets done in Washington and one more reason our country is going to h*ll.

As we all know you are 100% correct here. What's shocking is how we all know this and continue to let it happen this way. I can remember a time where we talked about how corrupt other countries were compared to the US.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 23, 2020, 02:03:31 PM
The pork is just as much Republican if not more.
For example?

I'm all for gutting the pork barrel.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 23, 2020, 02:14:26 PM
For example?

I'm all for gutting the pork barrel.
Farm subsidies.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 23, 2020, 02:46:45 PM
Thanks.
It seems only if it was due to a  rule change or you didnt accept full approved amount, but if you applied with less proof than you can not request now an increase
The Act also reopens PPP1 by earmarking $35 billion of the aforementioned $284 billion for eligible recipients who have not previously received a loan under PPP1. It appears would-be borrowers who fall into this category would be subject to the eligibility rules of PPP1, while receiving the benefit of the expanded list of expenses eligible for forgiveness and loan forgiveness procedures that are described in the following sections. PPP1 loan applications for borrowers who have not previously taken advantage of these funds will be accepted until March 31, 2021.

https://www.withum.com/resources/congress-imposes-significant-changes-to-paycheck-protection-program/
Title: Re: Coronavirus Stimulus Aid Package
Post by: Euclid on December 23, 2020, 03:35:12 PM
Everyone here is missing the boat.

In all likelihood, Congress will not be able to override the veto even if support remains behind the bill. The bill has not been delivered yet to Trump, and once it gets to him, Trump can pocket veto the bill for 10 days before it would take effect, but by then, this congress would be dissolved and the entire process would have to restart.

In short, the president can ignore the bill. Generally, a bill that is ignored will automatically become law after 10 days. In this case, however, 10 days would be after January 3, and this congress -along with any unsigned bills - would be terminated. In order for congress to vote on a veto override, the president would first have to veto it. He won't veto outright, as the timing is prime for a successful pocket veto.
So much for Trump playing 4D chess
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 23, 2020, 03:38:20 PM
For example?
How about Trump trying to stuff Section 230 modifications into a Military funding bill?


So much for Trump playing 4D chess
He's the same buffoon he always was.
Vetoing the NDAA will force the House & Senate to overrule him, the US won't miss a military paycheck. Once they overrule him once, they're much more likely to overrule him with the stimulus. In the meantime the Dems are shouting from every rooftop that they'd give $2000, and Georgia voters are gonna blame the Republicans for this mess.

Perdue & Loeffler voted for the NDAA. Either way they vote on the overrule will cost them a large chunk of voters.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 23, 2020, 03:51:23 PM
How about Trump trying to stuff Section 230 modifications into a Military funding bill?
How much does the Section 230 modification cost?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 23, 2020, 03:52:30 PM
How much does the Section 230 modification cost?
Ability to have competition to big tech media
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 23, 2020, 03:56:30 PM
How much does the Section 230 modification cost?
It would have a chilling effect on forums like DDF and likely result in heavy handed moderation across the internet.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 23, 2020, 04:02:50 PM
Ability to have competition to big tech media
It would have a chilling effect on forums like DDF and likely result in heavy handed moderation across the internet.
Neither of these are definitions of pork barrel. This is a bill Rs want passed, it's not paying for free stuff for special interests.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 23, 2020, 04:05:40 PM
Neither of these are definitions of pork barrel. This is a bill Rs want passed, it's not paying for free stuff for special interests.
Are you talking about the appropriations bill or something else?
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 23, 2020, 04:08:26 PM
Are you talking about the appropriations bill or something else?
Appropriations and Stimulus. Pork is paying for pet projects, there is plenty of that in both bills and I wish we had more like Rand Paul who call it out.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 23, 2020, 04:17:40 PM
Appropriations and Stimulus. Pork is paying for pet projects, there is plenty of that in both bills and I wish we had more like Rand Paul who call it out.
Stimulus is not separate from appropriations bill. There is so much pork in there it is amazing there are any pigs left at all. Don't delude yourself that it is all D.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 23, 2020, 04:46:27 PM
Stimulus is not separate from appropriations bill. There is so much pork in there it is amazing there are any pigs left at all. Don't delude yourself that it is all D.
It is definitely not all D, but they seem to have more hands in the jar.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 23, 2020, 05:00:45 PM
It is definitely not all D, but they seem to have more hands in the jar.
Of course. They control the house where appropriation bills start.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 23, 2020, 06:57:49 PM
It is definitely not all D, but they seem to have more hands in the jar.
$700m to Sudan is White House/R in association with peace with Israel.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 23, 2020, 08:58:40 PM
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 24, 2020, 09:38:13 AM

Blocked, as expected.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 24, 2020, 10:11:23 AM
All requested by DJT and then when included he will complain about it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 24, 2020, 02:45:49 PM
Now there is a new standalone $2000 bill to be voted on, on Monday.

That should pass in the House.
The Senate should have 47 Democrat votes.
Can't we not find just 13 Republicans to join?
Or will McConnell simply not let them vote in the Senate?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 24, 2020, 03:58:52 PM
Now there is a new standalone $2000 bill to be voted on, on Monday.

That should pass in the House.
The Senate should have 47 Democrat votes.
Can't we not find just 13 Republicans to join?
Or will McConnell simply not let them vote in the Senate?

I don't see McConnell allowing such a bill on the agenda, but if he does they only need 51 votes (majority), and less if some abstain.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 24, 2020, 04:21:33 PM
I don't see McConnell allowing such a bill on the agenda, but if he does they only need 51 votes (majority), and less if some abstain.
Don't bills require 60?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 24, 2020, 05:22:07 PM
Don't bills require 60?
Generally 51 is enough. For the massive bill that was approved by congress this week (that is on hold now), they mandated a 60-vote threshold to pass, because they skipped some steps in the process.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 24, 2020, 05:24:26 PM
I spoke to someone whose political sense I trust and he told me that he feels Trump is just bluffing by saying he won't sign the bill. He believes that Trump wants everyone to scramble like they are doing now, and if everything falls through, he will end up just signing the bill that congress approved.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 24, 2020, 05:37:54 PM
I spoke to someone whose political sense I trust and he told me that he feels Trump is just bluffing by saying he won't sign the bill. He believes that Trump wants everyone to scramble like they are doing now, and if everything falls through, he will end up just signing the bill that congress approved.

My thoughts exactly.

He wants to go down as the president who wanted to help the American people, but Congress couldn't get their act together and are to blame.

He also doesn't want to go down as the president who kept bread from the mouths of the American people.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 24, 2020, 05:50:40 PM
I spoke to someone whose political sense I trust and he told me that he feels Trump is just bluffing by saying he won't sign the bill. He believes that Trump wants everyone to scramble like they are doing now, and if everything falls through, he will end up just signing the bill that congress approved.
Yet he vetoed the NDAA which made even less sense.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 24, 2020, 05:53:16 PM
Now there is a new standalone $2000 bill to be voted on, on Monday.

That should pass in the House.
The Senate should have 47 Democrat votes.
Can't we not find just 13 Republicans to join?
Or will McConnell simply not let them vote in the Senate?
Wouldnít be surprised if Republicans support the $2k. Itís their only chance to win Georgia. Approve it and let Trump take credit for it
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 24, 2020, 06:10:53 PM
Charitable Contribution
The above-the-line charitable contribution is extended through 2021 at $600 for those married filing jointly and $300 for other filers. This means taxpayers will be able to take the standard deduction and deduct up to $600 in charitable giving when calculating their taxable income. For the 2020 tax year, taxpayers could deduct up to $300 above-the-line for charitable contributions.

Can anyone clarify if it's $300 or $600 in "2020" for married filing jointly?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 24, 2020, 06:19:43 PM
My thoughts exactly.

He wants to go down as the president who wanted to help the American people, but Congress couldn't get their act together and are to blame.

He also doesn't want to go down as the president who kept bread from the mouths of the American people.
The chiddush is that my friend thinks he will sign the bill that already passed, and not a new one. Not sure if that's what you're saying.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 24, 2020, 06:20:06 PM
Wouldnít be surprised if Republicans support the $2k. Itís their only chance to win Georgia. Approve it and let Trump take credit for it
They already blocked it today, I believe.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 24, 2020, 06:22:12 PM
The chiddush is that my friend thinks he will sign the bill that already passed, and not a new one. Not sure if that's what you're saying.

Yes, I believe come Monday when the $2k bill fails, he'll just pick up his pen and sign the bill on his desk.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 24, 2020, 06:30:20 PM
Can anyone clarify if it's $300 or $600 in "2020" for married filing jointly?

$300.
In 2021 it's $600.
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-116HR133SA-RCP-116-68.pdf
Page 4948
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 24, 2020, 06:37:47 PM
$300.
In 2021 it's $600.
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-116HR133SA-RCP-116-68.pdf
Page 4948
It only speaks of 2021.
So I guess you are right, that it's only for 2021.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 24, 2020, 08:43:17 PM
They already blocked it today, I believe.
The house republicans blocked a unanimous consent modification attempt. The dems are putting froward a new $2000 bill on Monday. It will pass the house and I think there's a good chance the senate will pass it. They will definitely lose Georgia if they don't.

Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 24, 2020, 09:31:15 PM
Wouldnít be surprised if Republicans support the $2k. Itís their only chance to win Georgia. Approve it and let Trump take credit for it
That does not seem to be the opinion of the candidates
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 24, 2020, 09:38:57 PM
Quote
This is what happens with a president who places more trust in conservative fever swamp Twitter than his own Treasury Secretary. His administration helped negotiate this bill, and he just pulled down the pants of every Republican who voted for it,Ē said Brendan Buck, a former top aide to onetime House Speaker Paul D. Ryan (R-Wis.).

https://www.washingtonpost.com/business/2020/12/22/trump-stimulus-video-bill/


That does not seem to be the opinion of the candidates
What makes you say that?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 24, 2020, 09:42:31 PM
https://www.washingtonpost.com/business/2020/12/22/trump-stimulus-video-bill/

What makes you say that?
Paul Ryan. Lol.

From their statements which are not so supportive
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 24, 2020, 09:56:03 PM
The house republicans blocked a unanimous consent modification attempt. The dems are putting froward a new $2000 bill on Monday. It will pass the house and I think there's a good chance the senate will pass it. They will definitely lose Georgia if they don't.


Please pardon my ignorance: Whatís the difference between ďunanimous consent modificationĒ and a new $2000 bill?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 24, 2020, 10:46:26 PM
Please pardon my ignorance: Whatís the difference between ďunanimous consent modificationĒ and a new $2000 bill?
Technical procedures. One can be knocked down by a single Republican. One needs to wait for congress to be in session but can pass with the D majority
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 25, 2020, 02:31:27 AM
I saw a video where Kelly Loeffler said she would consider raising the checks to $2000, if there is offsetting of some of the pork.

There is the possibility Trump does the pocket veto and the entire bill collapses for now.

Instead of the Democrats voting on a stand alone $2000 bill in the House on Monday, which McConnell could decide to not bring to a vote in the Senate (and by doing so lose both seats in Georgia), why don't we get a bipartisan group to get up, and figure out how to bump the checks up to at least $1200.  It will cost another $190 billion, and they should try to offset some of the other moneys, like reduce ppp by 30 billion, another 20 here, 10 there, and perhaps they can figure out that the entire bill should only go up by another 50 billion or so. They can even try to get rid of some D pork, by telling D, that if you want us to get closer to $2000, you need to give in a bit on the pork.
Let them make these quick changes, pass it in both houses, and quickly send it to the president who will sign off on $1200 checks.

Instead they will try to pass a much larger $2000, and offset nothing, thus making Republicans even less likely to take it up in the Senate. We either get nothing from this congress if Trump follows through, or only $600, which the Republicans will end up losing Georgia with, since the Democrats will show that the R's dont want to give money during a pandemic.

Some level headed Republicans should get up and work on some trade ups this weekends, rather than look bad, when the Dems put them on the spot on a standalone bill.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 25, 2020, 08:59:08 AM
Not sure why you guys seem so certain that GA senate hinges on this $2000. Loeffler apparently doesn't if the most she s saying is that she would consider it if pigs fly, which is more likely than pork getting cut.

why don't we get a bipartisan group to get up, and figure out how to bump the checks up to at least $1200.  It will cost another $190 billion, and they should try to offset some of the other moneys, like reduce ppp by 30 billion, another 20 here, 10 there, and perhaps they can figure out that the entire bill should only go up by another 50 billion or so. They can even try to get rid of some D pork, by telling D, that if you want us to get closer to $2000, you need to give in a bit on the pork.
Let them make these quick changes, pass it in both houses, and quickly send it to the president who will sign off on $1200 checks.

Is this supposed to be a joke?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 25, 2020, 11:15:12 AM
No joke.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 25, 2020, 11:34:31 AM
No joke.
So you think there is even a slight possibility of there being a bipartisan group put together and that group will cu D pork and the Ds will agree to it all in a week or two? LOL
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 25, 2020, 01:23:17 PM
I don't want them to agree in a week or 2.
I want it done by Monday :)
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 25, 2020, 01:32:53 PM
The relief bill has finally arrived at Mar-a-Lago.
Did it come by boat? Horse and buggy?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 25, 2020, 01:56:35 PM
This may come as shock to people but Republicans oppose government handouts.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 25, 2020, 02:01:19 PM
This may come as shock to people but Republicans oppose government handouts.
I oppose handouts, but I also oppose being skipped on when there is handouts
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 25, 2020, 02:12:57 PM
This may come as shock to people but Republicans oppose government handouts.
During a pandemic when people don't have jobs, and even if they have jobs but the government can shut down those industries, people are more interested in cash checks, even if usually they side with Republicans and the deficit. You want to have a drop of security in case there is a 3 week shutdown...

And the Republicans better wake up to that realization before they lose Georgia.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 25, 2020, 02:16:02 PM
During a pandemic when people don't have jobs, and even if they have jobs but the government can shut down those industries, people are more interested in cash checks, even if usually they side with Republicans and the deficit. You want to have a drop of security in case there is a 3 week shutdown...

And the Republicans better wake up to that realization before they lose Georgia.
I just can't understand why all people here are so stingy! Why not some $10,000 check per person since we are in a historic pandemic
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 25, 2020, 02:17:42 PM
During a pandemic when people don't have jobs, and even if they have jobs but the government can shut down those industries, people are more interested in cash checks, even if usually they side with Republicans and the deficit. You want to have a drop of security in case there is a 3 week shutdown...

And the Republicans better wake up to that realization before they lose Georgia.
I don't disagree, but don't forget handouts are a fundamentally democratic agenda
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 25, 2020, 02:38:56 PM
I don't disagree, but don't forget handouts are a fundamentally democratic agenda
Both are for Handouts, only difference is:

R' handouts are to help people who are poor D' handouts are to help people stay poor
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 25, 2020, 03:49:01 PM
Both are for Handouts, only difference is:

R' handouts are to help people who are poor D' handouts are to help people stay poor
Forgiving student loan debt is to help people stay poor, right
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on December 25, 2020, 03:51:19 PM
Forgiving student loan debt is to help people stay poor, right
It's to help college keep up the "borrow money to pay for college" scam. College is overpriced and only exists because of all the money the government spends to prop them up. I'm saying this as someone who has a degree.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 25, 2020, 04:12:29 PM
It's to help college keep up the "borrow money to pay for college" scam. College is overpriced and only exists because of all the money the government spends to prop them up. I'm saying this as someone who has a degree.

+1, undergrad college degrees as a filter for competence is a total and utter waste of time and money. It keeps people ďin the systemĒ rather than promoting innovation, entrepreneurship, and real-world competition.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 25, 2020, 04:18:31 PM
During a pandemic when people don't have jobs, and even if they have jobs but the government can shut down those industries, people are more interested in cash checks, even if usually they side with Republicans and the deficit. You want to have a drop of security in case there is a 3 week shutdown...

And the Republicans better wake up to that realization before they lose Georgia.
I can't figure out where you got it from that am R win in GA depends on bigger checks. Who told you that? Some taking head on CNN?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 26, 2020, 08:33:06 PM
I can't figure out where you got it from that am R win in GA depends on bigger checks. Who told you that? Some taking head on CNN?
It's hard to believe an immediate $2000pp reward won't stimulate strong Democratic turnout and swing some voters. In the meantime the people voting against handouts were mostly staunch Republicans already.

Have a look at this thread for example. How many die-hard Republicans are clamoring for a Democrat style handout? How many would vote for a candidate that will give it to them, in a State that was decided by 10k votes? Now, you don't need to swing Republicans, a minor bump in D turnout can decide the election. There is no shortage of people who don't care at all about the government but would go out of their way to try to get $2k.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 26, 2020, 08:58:33 PM
It's hard to believe an immediate $2000pp reward won't stimulate strong Democratic turnout and swing some voters. In the meantime the people voting against handouts were mostly staunch Republicans already.

Have a look at this thread for example. How many die-hard Republicans are clamoring for a Democrat style handout? How many would vote for a candidate that will give it to them, in a State that was decided by 10k votes? Now, you don't need to swing Republicans, a minor bump in D turnout can decide the election. There is no shortage of people who don't care at all about the government but would go out of their way to try to get $2k.
The odds of the Ds getting a similar turnout to a presidential election are VERY small. A very large portion of their constituency votes only in the presidential election.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 26, 2020, 09:18:37 PM
The odds of the Ds getting a similar turnout to a presidential election are VERY small. A very large portion of their constituency votes only in the presidential election.
The same is true of Republican voters. So far it seems D runoff turnout is closer to general elections than R turnout. https://www.bloomberg.com/news/articles/2020-12-21/georgia-senate-elections-draw-nearly-1-5-million-early-voters



But anyways, the question at hand is the impact of a $2000pp prize, especially on people who otherwise wouldn't vote and weren't part of the general elections - there are 2.5m registered voters who didn't vote in the general elections.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on December 26, 2020, 09:28:15 PM
The same is true of Republican voters. So far it seems D runoff turnout is closer to general elections than R turnout. https://www.bloomberg.com/news/articles/2020-12-21/georgia-senate-elections-draw-nearly-1-5-million-early-voters
MAIL IN FRAUD
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 26, 2020, 10:49:10 PM
The same is true of Republican voters. So far it seems D runoff turnout is closer to general elections than R turnout. https://www.bloomberg.com/news/articles/2020-12-21/georgia-senate-elections-draw-nearly-1-5-million-early-voters



But anyways, the question at hand is the impact of a $2000pp prize, especially on people who otherwise wouldn't vote and weren't part of the general elections - there are 2.5m registered voters who didn't vote in the general elections.
It makes sense that Rs are shying away from mail in ballots considering the background noise here. There is a very good chance that of that coming back to bite them. Teh difference in stimulus sounds like nothing more than a boich svara though.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 26, 2020, 11:04:09 PM
It makes sense that Rs are shying away from mail in ballots considering the background noise here. There is a very good chance that of that coming back to bite them. Teh difference in stimulus sounds like nothing more than a boich svara though.
This is talking about in-person early voting not mail in.

Somebody is more likely to do something when there is an immediate $2000 reward. Thatís not a boich svara.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 26, 2020, 11:22:52 PM
This is talking about in-person early voting not mail in.

Somebody is more likely to do something when there is an immediate $2000 reward. Thatís not a boich svara.
That is guarantees one side wins is.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 26, 2020, 11:33:06 PM
That is guarantees one side wins is.
I don't think anything guarantees a win. There are endless factors involved. I think the call for a $2000 check is going to help Democrats, and Republicans from Trump down are playing into D hands with this.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 26, 2020, 11:54:03 PM


I don't think anything guarantees a win. There are endless factors involved. I think the call for a $2000 check is going to help Democrats, and Republicans from Trump down are playing into D hands with this.



Wouldnít be surprised if Republicans support the $2k. Itís their only chance to win Georgia. Approve it and let Trump take credit for it



The house republicans blocked a unanimous consent modification attempt. The dems are putting froward a new $2000 bill on Monday. It will pass the house and I think there's a good chance the senate will pass it. They will definitely lose Georgia if they don't.



?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 27, 2020, 12:01:50 AM





?
You caught me. I exaggerated my confidence in the impact. Let's bookmark this and come back in a week to see if I was right or wrong.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 27, 2020, 12:09:52 AM
You caught me. I exaggerated my confidence in the impact. Let's bookmark this and come back in a week to see if I was right or wrong.
"That things work out a certain way doesn't mean you were right"
Aygart
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 27, 2020, 12:21:26 AM
Fact is, come Monday, you will have a President screaming that the people deserve $2000. You will have a House voting to give $2000.
You will then have McConnell saying that he will not bring it up for a vote.
Who will be the one preventing the $2000? McConnell and the Republicans. Period.

When it comes to all the entitlement programs that the dems push for, it may be 50-50 out there if it's right or wrong. But, for example, take section 8. There are way more people that would qualify than actually receive it. Therefore, it's not at the forefront of every lower income person's mind. Even other programs that can apply to anyone that wants, are not utilized by every person that is eligible, because they simply don't want to be bothered or know how to apply. So when they think of Democrats, and funding for various programs, it doesn't really talk to all lower income people, since some aren't part of programs. Therefore it doesn't usually raise the voting bar above 50 50 range.

However, the $2000 stimulus goes to every low- middle income family, without needing to even apply for it. Therefore it moves the ideological needle above the 50 50 mark, especially when you say, if there is 2.3 trillion of pork being spent, why can't I at least get $2000.

That is my reasoning, that if McConnell holds the bill in the Senate, they will lose Georgia badly, since the blame will fall squarely on the R Senate, and the frustration will be taken out on the 2 incumbent Georgia senators.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 27, 2020, 12:27:08 AM
At the end of the day the Rs know these reasons to and seem to disagree with your assessment.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 27, 2020, 12:29:36 AM
They are making a mistake if they go down this route, and it will backfire.
That is my opinion. You can disagree.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 27, 2020, 06:45:25 PM
Invalid Tweet ID
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 27, 2020, 06:55:32 PM
Invalid Tweet ID

Something concrete, or heís just looking for attention and to take credit for other peopleís work?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 27, 2020, 06:56:10 PM
Something concrete, or heís just looking for attention and to take credit for other peopleís work?
With Trump who knows?
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 27, 2020, 06:59:00 PM
With Trump who knows?

Related to this tweet just before it:

Invalid Tweet ID
??
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 27, 2020, 07:00:11 PM
Invalid Tweet ID
hmmmm...
I spoke to someone whose political sense I trust and he told me that he feels Trump is just bluffing by saying he won't sign the bill. He believes that Trump wants everyone to scramble like they are doing now, and if everything falls through, he will end up just signing the bill that congress approved.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 27, 2020, 07:11:07 PM
@mods please lock this thread till we have something scheduled coming to our bank accounts, thanks
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 27, 2020, 07:16:07 PM
Related to this tweet just before it:

Invalid Tweet ID
??

January 6 is the date Congress counts and certifies the electoral votes. Hopefully his delusions about what happens on that day have nothing to do with the stimulus bill.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 27, 2020, 07:30:54 PM

What an idiot
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 27, 2020, 07:34:04 PM

What an idiot

Now, so that Republicans donít take the blame tomorrow for the $2k failing?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 27, 2020, 08:00:29 PM
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 27, 2020, 08:02:58 PM
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 27, 2020, 08:05:19 PM
I spoke to someone whose political sense I trust and he told me that he feels Trump is just bluffing by saying he won't sign the bill. He believes that Trump wants everyone to scramble like they are doing now, and if everything falls through, he will end up just signing the bill that congress approved.
Being that this prediction seems to have played out, I think it is only right to give credit where credit is due and reveal the name of the "someone whose political sense I trust."

Drumroll please...

And his name is...
Shlomo Schorr (@OneJerseySchorr), reporter for the Lakewood Shopper, Belaaz, and a Mishpacha contributor
Title: Re: Coronavirus Stimulus Aid Package
Post by: Euclid on December 27, 2020, 08:08:21 PM
Being that this prediction seems to have played out, I think it is only right to give credit where credit is due and reveal the name of the "someone whose political sense I trust."

Drumroll please...

And his name is...
Shlomo Schorr (@OneJerseySchorr), reporter for the Lakewood Shopper, Belaaz, and a Mishpacha contributor
What's his understanding behind DJT reasoning (not that there needs to be any)?
Title: Re: Coronavirus Stimulus Aid Package
Post by: justaregularguy on December 27, 2020, 08:08:55 PM
So now tons of random countries is getting money from this bill?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 27, 2020, 08:10:00 PM
What's his understanding behind DJT reasoning (not that there needs to be any)?
I didn't ask, but he has a pretty good track record.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 27, 2020, 08:18:34 PM
Now, so that Republicans donít take the blame tomorrow for the $2k failing?
If the Democrats don't vote on it tomorrow, it will go away and not be such an issue.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 27, 2020, 08:19:51 PM
If the Democrats don't vote on it tomorrow, it will go away and not be such an issue.
Of course they will vote on it
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 27, 2020, 08:25:42 PM
Can we please take back this thread to "Coronavirus Stimulus Aid Package" and have all political conversations/predictions/foolishnesses transferred to the political threads? Thanks
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 27, 2020, 09:06:45 PM
Can we please take back this thread to "Coronavirus Stimulus Aid Package" and have all political conversations/predictions/foolishnesses transferred to the political threads? Thanks

For some people this is about $$, not politics. For other people, vice versa.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 27, 2020, 09:11:38 PM
Of course they will vote on it
Title: Re: Coronavirus Stimulus Aid Package
Post by: peace123 on December 27, 2020, 10:41:23 PM
This least dangerous virus disease with cure rate of 99.8 % is being used by evil and dumb politicians to destroy peopleís livelihood , immense mental suffering and childrenís future . Then the politicians passed a bill with billions of our money for foreign countries for their border walls , new boats, road , pay off their debts etc. how many millions to Sudan and Pakistan! Hundreds of millions and these Islamic radical country politicians will take away all. people of other nations will never allow this kinda of reckless waste of money if this was done by other countries!
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 27, 2020, 10:44:51 PM
Ok....
Title: Re: Coronavirus Stimulus Aid Package
Post by: EliJelly on December 27, 2020, 11:00:49 PM
This least dangerous virus disease with cure rate of 99.8 % is being used by evil and dumb politicians to destroy peopleís livelihood ...
Is this your way of saying thank you for their enormous speed of delivering a vaccine?? (https://forums.dansdeals.com/index.php?topic=119633.msg2376975#msg2376975) 
 
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 27, 2020, 11:16:02 PM
This least dangerous virus disease with cure rate of 99.8 % is being used by evil and dumb politicians to destroy peopleís livelihood , immense mental suffering and childrenís future . Then the politicians passed a bill with billions of our money for foreign countries for their border walls , new boats, road , pay off their debts etc. how many millions to Sudan and Pakistan! Hundreds of millions and these Islamic radical country politicians will take away all. people of other nations will never allow this kinda of reckless waste of money if this was done by other countries!

The government wastes hundreds of billions on pork every year, and doles out more money than you can fathom in foreign aid every year. Youíre welcome to be upset about it, but itís nothing new, certainly not a reality created during COVID.
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 27, 2020, 11:16:40 PM
Is this your way of saying thank you for their enormous speed of delivering a vaccine?? (https://forums.dansdeals.com/index.php?topic=119633.msg2376975#msg2376975)

That wasn't exactly due only to politicians.
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 27, 2020, 11:19:09 PM
The government wastes hundreds of billions on pork every year, and doles out more money than you can fathom in foreign aid every year. Youíre welcome to be upset about it, but itís nothing new, certainly not a reality created during COVID.

They just shouldn't have packaged it with the COVID relief bill which made it so that now its in peopleís faces and they have what to harp on. Up until now it was just something that happened all the time in DC outside of the news cycle and nobody even talked about it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 27, 2020, 11:21:53 PM
They just shouldn't have packaged it with the COVID relief bill which made it so that now its in peopleís faces and they have what to harp on. Up until now it was just something that happened all the time in DC outside of the news cycle and nobody even talked about it.

Maybe, but the rant seemed to tie the two together as if they were one story, and they arenít. Thatís all Iím saying.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 27, 2020, 11:35:24 PM
https://forums.dansdeals.com/index.php?topic=122480.new#new
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 27, 2020, 11:36:10 PM
https://forums.dansdeals.com/index.php?topic=122480.new#new
It's a tarta disasri being on the Covid board
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 27, 2020, 11:37:32 PM
It's a tarta disasri being on the Covid board
Afsher letaretz bedoichek
Title: Re: Coronavirus Stimulus Aid Package
Post by: EliJelly on December 27, 2020, 11:50:17 PM
That wasn't exactly due only to politicians.
Whatever, I just like to expose the underlying anti vaxer beneath every retarded covid statement. Try it in real life and see for yourself.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 28, 2020, 09:11:56 AM
They just shouldn't have packaged it with the COVID relief bill which made it so that now its in peopleís faces and they have what to harp on. Up until now it was just something that happened all the time in DC outside of the news cycle and nobody even talked about it.
You have it totally backwards. They didn't stick this stuff into a COVID bill, they stuck COVID stuff into the appropriations bill.
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 28, 2020, 11:36:47 AM
You have it totally backwards. They didn't stick this stuff into a COVID bill, they stuck COVID stuff into the appropriations bill.
Insane, just don't understand why your own american people you give measly $600 and other foreign countries there's no issue handing out billions of dollars.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 28, 2020, 12:20:36 PM
Insane, just don't understand why your own american people you give measly $600 and other foreign countries there's no issue handing out billions of dollars.
And what does it cost to give every (middle class and lower) American a $600 check?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 28, 2020, 12:26:52 PM
Insane, just don't understand why your own american people you give measly $600 and other foreign countries there's no issue handing out billions of dollars.
So you are against all foreign aid?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Euclid on December 28, 2020, 12:27:36 PM
So you are against all foreign aid?
Objection, your Honor, the question is leading.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 28, 2020, 12:28:20 PM
Objection, your Honor, the question is leading.
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 28, 2020, 01:17:43 PM
So you are against all foreign aid?
I'm not saying that, first foreign aid should not be in a COVID relief package designed to help americans in time of need, what i'm saying is this isn't how you treat your own middle class / low income citizens who need the money like let's throw you in a couple of dollars $600 is a joke but other countries here for you take billions of dollars, when election time comes around will tell these lowlifes go to pakistan or india for votes.
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 28, 2020, 02:08:27 PM
You have it totally backwards. They didn't stick this stuff into a COVID bill, they stuck COVID stuff into the appropriations bill.

Ok fine.  Whichever way you want it to be, frontwards or backwards, my personal opinion is that the 2 shouldn't have been packaged together.  Because unfortunately there are too many people who think and believe like the above rant. 

What's wrong with having one bill for only COVID relief and letting all the news channels showcase that and put it in people's face and then a separate bill for all the other stuff (foreign aid and what-not) that nobody talks about?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 28, 2020, 02:10:04 PM
I'm not saying that, first foreign aid should not be in a COVID relief package designed to help americans in time of need, what i'm saying is this isn't how you treat your own middle class / low income citizens who need the money like let's throw you in a couple of dollars $600 is a joke but other countries here for you take billions of dollars, when election time comes around will tell these lowlifes go to pakistan or india for votes.
I am not sure how to make this more clear because you are apparently not understanding me. THIS WAS NOT A COVID RELIEF BILL. This was the regular appropriations bill that gets passed annually. They included COVID relief in that bill. The other stuff are all items that are regularly in the appropriations bill. Anyone representing to you otherwise is gaslighting.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 28, 2020, 02:11:39 PM
Ok fine.  Whichever way you want it to be, frontwards or backwards, my personal opinion is that the 2 shouldn't have been packaged together.  Because unfortunately there are too many people who think and believe like the above rant. 

What's wrong with having one bill for only COVID relief and letting all the news channels showcase that and put it in people's face and then a separate bill for all the other stuff (foreign aid and what-not) that nobody talks about?
It had many procedural advantages by being in the appropriations bill such as the inability to filibuster.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 02:13:52 PM
when election time comes around will tell these lowlifes go to pakistan or india for votes.
So you will vote against the Republicans? Or Trump managed to con you into thinking this is Democrats fault?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 28, 2020, 02:16:03 PM
I'm not saying that, first foreign aid should not be in a COVID relief package designed to help americans in time of need, what i'm saying is this isn't how you treat your own middle class / low income citizens who need the money like let's throw you in a couple of dollars $600 is a joke but other countries here for you take billions of dollars, when election time comes around will tell these lowlifes go to pakistan or india for votes.
These foreign aid items were at the request of the Trump administration.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 02:24:24 PM
These foreign aid items were at the request of the Trump administration.
Such as $700m to Sudan in exchange for peace with Israel.
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 28, 2020, 02:36:52 PM
I am not sure how to make this more clear because you are apparently not understanding me. THIS WAS NOT A COVID RELIEF BILL. This was the regular appropriations bill that gets passed annually. They included COVID relief in that bill. The other stuff are all items that are regularly in the appropriations bill. Anyone representing to you otherwise is gaslighting.
In the news it was headlines Trump signs COVID bill.
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 28, 2020, 02:39:59 PM
So you will vote against the Republicans? Or Trump managed to con you into thinking this is Democrats fault?
Not vote for people who think Pakistan should get more money than the measly $600 offered to american citizens who voted you in.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 28, 2020, 02:42:12 PM
In the news it was headlines Trump signs COVID bill.
Oh, so today we are believing the news?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 28, 2020, 02:42:41 PM
Not vote for people who think Pakistan should get more money than the measly $600 offered to american citizens who voted you in.
So does this mean you voted against Trump?
Title: Re: Coronavirus Stimulus Aid Package
Post by: TimT on December 28, 2020, 02:47:19 PM
@lifetimedeals it's called ďgreasing the palmsĒ. Happens all the time & it seems to be the only way to get things passed. Ever hear of the ďporkulous billĒ ?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 28, 2020, 03:54:45 PM
I'm not saying that, first foreign aid should not be in a COVID relief package designed to help americans in time of need, what i'm saying is this isn't how you treat your own middle class / low income citizens who need the money like let's throw you in a couple of dollars $600 is a joke but other countries here for you take billions of dollars, when election time comes around will tell these lowlifes go to pakistan or india for votes.
Well, if Russia and China don't bring in enough votes, I'm sure the fraudsters will gladly recruit some more from Pakistan and India.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 28, 2020, 04:04:57 PM
Not vote for people who think Pakistan should get more money than the measly $600 offered to american citizens who voted you in.
And what does it cost to give every (middle class and lower) American a $600 check?
Title: Re: Coronavirus Stimulus Aid Package
Post by: JMHO on December 28, 2020, 04:10:58 PM
And what does it cost to give every (middle class and lower) American a $600 check?
Approximately $166 billion.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on December 28, 2020, 04:35:19 PM
Approximately $166 billion.
Including or excluding the deceased who received checks?  :P
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 28, 2020, 04:41:34 PM
Approximately $166 billion.
So how Pakistan get more?
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 28, 2020, 04:56:36 PM
So how Pakistan get more?

Lol. Not specifically to Pakistan, but there's a whole lot more than $166B in total pork in that bill.

I get why this was all packaged together and I could care less about this or any other pork (because it wouldn't go to the layperson anyway), but a lot of people don't understand and therefore do care.
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidd75 on December 28, 2020, 05:22:58 PM
so 18 year old daughter living with her parents will be eligible for her own $600 even if she has no income? or must file taxes?
Title: Re: Coronavirus Stimulus Aid Package
Post by: yeshivabucher on December 28, 2020, 05:41:22 PM
so 18 year old daughter living with her parents will be eligible for her own $600 even if she has no income? or must file taxes?
or if she is claimed as dependent by parents she is screwed like the first time
Title: Re: Coronavirus Stimulus Aid Package
Post by: JMHO on December 28, 2020, 06:03:34 PM
Including or excluding the deceased who received checks?  :P
Deceased (in 2020) are eligible this round!
Title: Re: Coronavirus Stimulus Aid Package
Post by: JMHO on December 28, 2020, 06:04:08 PM
so 18 year old daughter living with her parents will be eligible for her own $600 even if she has no income? or must file taxes?
Sure, why not?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 28, 2020, 06:04:21 PM
House passes $2,000 bill. Now we have to see what happens in the Senate.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yelped on December 28, 2020, 06:15:23 PM
House passes $2,000 bill. Now we have to see what happens in the Senate.
$2,000 additional? :P
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 06:21:12 PM
$2,000 additional? :P
Replaces $600 with $2000
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 28, 2020, 06:24:20 PM
Replaces $600 with $2000
Anybody thinks there is even a chance this passes?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 06:29:26 PM
Anybody thinks there is even a chance this passes?
I do think thereís a chance. It looks like Mitch McConnell is pretty serious about preventing a vote but perhaps if they see it hurting them in GA theyíll reverse course
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 28, 2020, 07:04:00 PM
https://www.cnn.com/2020/12/28/politics/stimulus-checks-politics-trump-mcconnell/index.html
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 28, 2020, 07:07:54 PM
https://www.cnn.com/2020/12/28/politics/stimulus-checks-politics-trump-mcconnell/index.html
**Official Sources Have a Different Perspective on This Story**

(Didn't read it, but it's CNN so...)  :P
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 08:01:35 PM
If the Democrats don't vote on it tomorrow, it will go away and not be such an issue.

Ainít going away so fast

Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 28, 2020, 08:09:49 PM
Ainít going away so fast


Everyone in Washington has their priorities, and we all pay the price.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 28, 2020, 08:51:38 PM
http://docs.house.gov/billsthisweek/20201228/BILLS-116hr_-SUSv2.pdf

"Tax Relief Act of 2020, is amended by striking ĎĎ$600íí each place it appears and inserting ĎĎ$2,000íí, and by striking ĎĎ$1,200íí each place it appears and inserting ĎĎ$4,000íí.

Seems like the current bill gives 2k per child
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 28, 2020, 09:31:14 PM
http://docs.house.gov/billsthisweek/20201228/BILLS-116hr_-SUSv2.pdf

"Tax Relief Act of 2020, is amended by striking ĎĎ$600íí each place it appears and inserting ĎĎ$2,000íí, and by striking ĎĎ$1,200íí each place it appears and inserting ĎĎ$4,000íí.

Seems like the current bill gives 2k per child

Hard to believe they'd make such a foolish mistake. If true, some frum families will make some serious bank.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 28, 2020, 09:33:11 PM
Hard to believe they'd make such a foolish mistake. If true, some frum families will make some serious bank IF THE BILL PASSES.
FTFY
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 28, 2020, 09:35:22 PM
http://docs.house.gov/billsthisweek/20201228/BILLS-116hr_-SUSv2.pdf

"Tax Relief Act of 2020, is amended by striking ĎĎ$600íí each place it appears and inserting ĎĎ$2,000íí, and by striking ĎĎ$1,200íí each place it appears and inserting ĎĎ$4,000íí.

Seems like the current bill gives 2k per child

I've seen this, but for some reason all news sites still say that it's unclear. Not sure what they're reading that I'm not, but apparently there's room for doubt.

Another biggie that they stuck in: by striking ĎĎqualifying childíí and inserting ĎĎdependentíí.
Removes that pesky "under 17" rule...
Title: Re: Coronavirus Stimulus Aid Package
Post by: gozalim on December 28, 2020, 09:54:23 PM
Another biggie that they stuck in: by striking ĎĎqualifying childíí and inserting ĎĎdependentíí.
Removes that pesky "under 17" rule...
this one has been a priority of theirs
(unlike the other one)
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 09:59:14 PM
Hard to believe they'd make such a foolish mistake. If true, some frum families will make some serious bank.
It's intentional.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 28, 2020, 10:07:54 PM
It's intentional.
The bernie's want it because they want more money handed out, and the pelosis want it, because it will make it harder for mcconnell to allow it to pass.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 10:09:16 PM
The bernie's want it because they want more money handed out, and the pelosis want it, because it will make it harder for mcconnell to allow it to pass.
Trump and Pelosi both want the bill to pass so that people get $$$
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 28, 2020, 10:10:28 PM
Trump and Pelosi both want the bill to pass so that people get $$$
Trump does. I think pelosi doesn't care. She'd probably rather that R's are seen as withholding extra money from the people
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 10:11:47 PM
Trump does. I think pelosi doesn't care. She'd probably rather that R's are seen as withholding extra money from the people
She'd much rather Democrat voter ecstasy over free $$$.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 28, 2020, 11:03:16 PM
Trump does. I think pelosi doesn't care. She'd probably rather that R's are seen as withholding extra money from the people

Unlike Bernie. One facet of the division within the Democratic Party.

Edited to correct who I quoted
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 11:06:32 PM
Unlike Bernie. One facet of the division within the Democratic Party.

Edited to correct who I quoted
A progressive party is by definition going to be very divided about the degree of change, whereas it's much easier for a conservative party to agree to keep everything as is. This is why people are overestimating a 51:50 Democratic Senate. They are far less uniform than Republicans.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 28, 2020, 11:11:42 PM
My guess: McConnell is going to introduce a bill to raise the stimulus checks to $1,200 or $1,500 per person. He can't give in to the D demands, but he can't completely block the bill. Agree?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 11:16:25 PM
My guess: McConnell is going to introduce a bill to raise the stimulus checks to $1,200 or $1,500 per person. He can't give in to the D demands, but he can't completely block the bill. Agree?
The bills start in Congress so McConnell can't introduce a bill. Anyways, they'd just be attracting more attention to the fact that they want to give you less $ than Democrats. They are more likely to come up with alternative Republican style handouts that favor businesses etc, but there's probably not enough time for it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidd75 on December 28, 2020, 11:34:05 PM
Sure, why not?

I thought last time you had to have some income to be eligible?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 11:34:57 PM
I thought last time you had to have some income to be eligible?
Last time you didn't have to have income.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 28, 2020, 11:38:41 PM
Last time you didn't have to have income.
No income requirement but most 18 year olds don't qualify as independent, which means they don't get one. This applies to many aged 17-24.
Title: Re: Coronavirus Stimulus Aid Package
Post by: ExGingi on December 28, 2020, 11:48:27 PM
A progressive party is by definition going to be very divided about the degree of change, whereas it's much easier for a conservative party to agree to keep everything as is. This is why people are overestimating a 51:50 Democratic Senate. They are far less uniform than Republicans.

CMIIW, but weren't Republicans far less uniform when Trump started his presidency than they became at the sunset thereof?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 11:50:00 PM
CMIIW, but weren't Republicans far less uniform when Trump started his presidency than they became at the sunset thereof?
I have no idea. Mitt Romney for one is probably less in line...
Title: Re: Coronavirus Stimulus Aid Package
Post by: ExGingi on December 28, 2020, 11:50:26 PM
No income requirement but most 18 year olds don't qualify as independent, which means they don't get one. This applies to many aged 17-24.

What about all those 18-24 year olds that didn't previously have income, but have received unemployment this year?
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 28, 2020, 11:52:18 PM


The bills start in the House so McConnell can't introduce a bill. Anyways, they'd just be attracting more attention to the fact that they want to give you less $ than Democrats. They are more likely to come up with alternative Republican style handouts that favor businesses etc, but there's probably not enough time for it.
FTFY
Sorry, pet peeves of mine
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 28, 2020, 11:54:22 PM
What about all those 18-24 year olds that didn't previously have income, but have received unemployment this year?
Still doesn't dictate if they're dependent or independent. They'll need to file a return, but they might still be required to file a dependent return.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 28, 2020, 11:55:10 PM
FTFY
Sorry, pet peeves of mine
You're right, my bad. Shows how little I know
Title: Re: Coronavirus Stimulus Aid Package
Post by: ExGingi on December 29, 2020, 12:10:44 AM
Still doesn't dictate if they're dependent or independent. They'll need to file a return, but they might still be required to file a dependent return.

Isn't there a certain income threshold beyond which they can't be claimed as a dependent?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 29, 2020, 12:17:09 AM
Isn't there a certain income threshold beyond which they can't be claimed as a dependent?
The income limit only applies to Qualifying Relatives that can sometimes be claimed as a dependent. It doesn't apply to one's own children.

See more here: https://turbotax.intuit.com/tax-tips/family/rules-for-claiming-a-dependent-on-your-tax-return/L8LODbx94
Title: Re: Coronavirus Stimulus Aid Package
Post by: ExGingi on December 29, 2020, 12:37:53 AM
The income limit only applies to Qualifying Relatives that can sometimes be claimed as a dependent. It doesn't apply to one's own children.

See more here: https://turbotax.intuit.com/tax-tips/family/rules-for-claiming-a-dependent-on-your-tax-return/L8LODbx94

I guess this is what I meant:

Quote
Do you financially support them? Your child may have a job, but that job cannot provide more than half of her support.

While not a hard dollar limit, if the child's income exceeds their share in the parents divisible household income, would they be able to be claimed as dependent?
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on December 29, 2020, 12:53:54 AM
My guess: McConnell is going to introduce a bill to raise the stimulus checks to $1,200 or $1,500 per person. He can't give in to the D demands, but he can't completely block the bill. Agree?

Or he can pass it with an amendment that pays for it with money taken from Democrat priorities and throw the ball back in the Democrats court. "Which is more important to you, giving $2k to people or X boondoggle?"
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 29, 2020, 01:37:51 AM
or if she is claimed as dependent by parents she is screwed like the first time
Even if she is not actually claimed as a dependent but could be claimed (which it sounds like is the case here) she would not qualify for stimulus money even if she files her own tax return.
This is a very common issue.

The law might not be fair but breaking the law is breaking the law.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 29, 2020, 01:41:39 AM
Hard to believe they'd make such a foolish mistake. If true, some frum families will make some serious bank.
I've been trying for years and years to save up for a down payment.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 29, 2020, 01:44:06 AM
What about all those 18-24 year olds that didn't previously have income, but have received unemployment this year?
See IRS Publication 501 page 11.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AussieMan on December 29, 2020, 08:37:56 AM
House passes $2,000 bill. Now we have to see what happens in the Senate.
What's the timeline for the Senate decision?
Will this delay the $600 until this settles?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 29, 2020, 08:43:20 AM
What's the timeline for the Senate decision?
Will this delay the $600 until this settles?
The $600 is a done deal- the processing of that isn't being held up for the potential of this.
Title: Re: Coronavirus Stimulus Aid Package
Post by: AussieMan on December 29, 2020, 09:27:03 AM
The $600 is a done deal- the processing of that isn't being held up for the potential of this.
Interesting.
I saw that they could potentially send $600 as early as next week. If the amount changes to $2000 they would have a nightmare to reconcile it no?
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on December 29, 2020, 09:43:21 AM
Interesting.
I saw that they could potentially send $600 as early as next week. If the amount changes to $2000 they would have a nightmare to reconcile it no?
FYI the bill signed this week states that all stimulus payments must be issued by Jan 15. Payments not issued by this date will only be available by filing a tax return.
I don't see the bill amendment changing that, so chances are that the $1400 increase will only be available by filing a tax return. It won't increase the short-term nightmare, but it will cause a deluge of Jan/Feb returns and the IRS is already behind as is...
Title: Re: Coronavirus Stimulus Aid Package
Post by: davidd75 on December 29, 2020, 10:09:56 AM
No income requirement but most 18 year olds don't qualify as independent, which means they don't get one. This applies to many aged 17-24.

so bottom line 17-24 year old children that live with their parents have a slim chance at claiming the $600? how can they qualify as independent?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 29, 2020, 10:34:30 AM
Purdue just said on Fox that he would support the increase if it came up for a vote. I'm assuming Loeffler would as well. Rubio said he would also. It's likely McConnel won't let it go up for a vote, but if he does, it would need 60 Senators on board. Are there 9 more who would approve it?
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 29, 2020, 11:05:23 AM
Purdue just said on Fox that he would support the increase if it came up for a vote. I'm assuming Loeffler would as well. Rubio said he would also. It's likely McConnel won't let it go up for a vote, but if he does, it would need 60 Senators on board. Are there 9 more who would approve it?
Loeffler tweeted support for the bill. Josh Hawley and Lindsey Graham have also noted that they may back it, IIRC. That would mean that it needs about 7 Senators now, if McConnel puts it up.
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 29, 2020, 11:09:31 AM
My guess: McConnell is going to introduce a bill to raise the stimulus checks to $1,200 or $1,500 per person. He can't give in to the D demands, but he can't completely block the bill. Agree?
(https://i.postimg.cc/qRsr36Md/unnamed.jpg) (https://postimages.org/)
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 29, 2020, 01:14:02 PM
Purdue just said on Fox that he would support the increase if it came up for a vote. I'm assuming Loeffler would as well. Rubio said he would also. It's likely McConnel won't let it go up for a vote, but if he does, it would need 60 Senators on board. Are there 9 more who would approve it?
Trump is digging in deeper and deeper, and the Republican voters are going to be split between Trumpsters and the Anti-Trump Republican establishment....

It is yet to be seen which side Loeffler & Perude are going to stick with, but either way they are going to lose turnout with the other group.
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 29, 2020, 03:08:15 PM
Not vote for people who think Pakistan should get more money than the measly $600 offered to american citizens who voted you in.
c/p Schumer said on the Senate floor: "I don't want to hear that we can't afford it. I don't want to hear that it would add too much to the deficit. Senate Republicans added nearly $2 trillion to the deficit to give corporations a massive tax cut." 
So if that's the case and republicans will block this additional stimulus I might need to vote D next time around they care more for the average citizen.
Title: Re: Coronavirus Stimulus Aid Package
Post by: avromie7 on December 29, 2020, 03:09:40 PM
c/p Schumer said on the Senate floor: "I don't want to hear that we can't afford it. I don't want to hear that it would add too much to the deficit. Senate Republicans added nearly $2 trillion to the deficit to give corporations a massive tax cut." 
So if that's the case and republicans will block this additional stimulus I might need to vote D next time around they care more for the average citizen.
Did this person vote D or R last time?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 29, 2020, 04:14:05 PM
I might need to vote D next time around they care more for the average citizen.
Good morning
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 04:40:45 PM
I might need to vote D next time around they care more for the average citizen.

If you consider the people who rioted "the average citizen" then yes, they do care more.

[Runs and hides in a cave :P]
Title: Re: Coronavirus Stimulus Aid Package
Post by: mushkovits on December 29, 2020, 04:49:41 PM
Good morning
FYI You usually say that when you wake up from dreamland
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 04:55:48 PM
FYI You usually say that when you wake up from dreamland

And right now we're unfortunately still in a nightmare.
Title: Re: Coronavirus Stimulus Aid Package
Post by: joe1234 on December 29, 2020, 05:02:05 PM
c/p Schumer said on the Senate floor: "I don't want to hear that we can't afford it. I don't want to hear that it would add too much to the deficit. Senate Republicans added nearly $2 trillion to the deficit to give corporations a massive tax cut." 
So if that's the case and republicans will block this additional stimulus I might need to vote D next time around they care more for the average voter.
FTFY
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 29, 2020, 05:06:18 PM
Did this person vote D or R last time?
Voted Trump, president trump is showing he cares about average americans in trying to get them to increase to $2000 but sounds like most republicans don't, McConnel only cares about himself and his buddies, not the American people. He needs to retire!!! What do you expect from a guy who is in 7th term disgrace playing politics during a crisis.
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 05:07:39 PM
Voted Trump, president trump is showing he cares about average americans in trying to get them to increase to $2000 but sounds like most republicans don't, McConnel only cares about himself and his buddies, not the American people. He needs to retire!!! What do you expect from a guy who is in 7th term disgrace playing politics during a crisis.

Oh and the Democrats never play politics? Nope, absolutely not.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Dan on December 29, 2020, 05:08:39 PM
Voted Trump, president trump is showing he cares about average americans in trying to get them to increase to $2000 but sounds like most republicans don't, McConnel only cares about himself and his buddies, not the American people. He needs to retire!!! What do you expect from a guy who is in 7th term disgrace playing politics during a crisis.
Or maybe Trump was never a conservative?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 29, 2020, 05:12:37 PM
Or maybe Trump was never a conservative?
He always had one ideology and that was Trump.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 29, 2020, 05:13:18 PM
Good morning
He woke you up?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 29, 2020, 05:13:48 PM
c/p Schumer said on the Senate floor: "I don't want to hear that we can't afford it. I don't want to hear that it would add too much to the deficit. Senate Republicans added nearly $2 trillion to the deficit to give corporations a massive tax cut." 
So if that's the case and republicans will block this additional stimulus I might need to vote D next time around they care more for the average citizen.
Well if Schumer said so....
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 29, 2020, 05:15:07 PM
Or maybe Trump was never a conservative?
Maybe don't know, I'm just looking at the now picture
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 29, 2020, 05:17:48 PM
Well if Schumer said so....
Not that i like Schumer but what he says now makes sense to me especially when you found money for all those billions of $$ for nonsense, one good example Kennedy Center LOL
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 29, 2020, 05:19:54 PM
Not that i like Schumer but what he says now makes sense to me especially when you found money for all those billions of $$ for nonsense, one good example Kennedy Center LOL
It was the Republicans who funded the Kennedy Center?
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 05:23:51 PM
It was the Republicans who funded the Kennedy Center?

And how are we going from the Republicans cutting taxes for corporations to them funding Kennedy Center 🤔?
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 29, 2020, 05:27:05 PM
And how are we going from the Republicans cutting taxes for corporations to them funding Kennedy Center ?
Don't ask me
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 29, 2020, 05:31:03 PM
It was the Republicans who funded the Kennedy Center?
Not sure who but it's in the package and republicans agreed on it majority.
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 29, 2020, 05:37:27 PM
Not sure who but it's in the package and republicans agreed on it majority.
The bill, like all appropriation bills, came from the house. That is a requirement. They couldn't even present a competing bill. The alternative was voting against the whole package. Would that have been your preference?
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 05:39:59 PM
Don't ask me

That question is for @lifetimedeals. I was just quoting your question as agreement to it and adding my own.
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 05:45:20 PM
Not sure who but it's in the package and republicans agreed on it majority.

So is the Kennedy Center the only allocation you have an issue with?
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 29, 2020, 05:47:28 PM
The bill, like all appropriation bills, came from the house. That is a requirement. They couldn't even present a competing bill. The alternative was voting against the whole package. Would that have been your preference?
Maybe to get something more sensible in time of need, there was a bill back in October before the elections and nothing happened out of it.
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 29, 2020, 05:50:04 PM
So is the Kennedy Center the only allocation you have an issue with?
Just a small part of that joke bill mixed in with all kinds of stuff, fyi they haven't spent the 25 million they got in May of this year, on the bright side at least that $$ stays in america
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on December 29, 2020, 05:52:31 PM
The bill, like all appropriation bills, came from the house. That is a requirement. They couldn't even present a competing bill. The alternative was voting against the whole package.

Are you suggesting that the Senate doesn't have the power to amend appropriation bills?
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 06:18:17 PM
Just a small part of that joke bill mixed in with all kinds of stuff, fyi they haven't spent the 25 million they got in May of this year, on the bright side at least that $$ stays in america

I think people who don't understand why they did a packaged deal bill need to just look at the stimulus check and unemployment part, and ignore everything else. Make believe all that other garbage doesn't exist.

Before they decided to give $600, everyone was going to get nothing. So now let's be happy that they're giving something. If they decide to increase for political reasons then lucky us.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 29, 2020, 06:33:33 PM
It was the Republicans who funded the Kennedy Center?
Yes they did. In the March Coronavirus relief bill, Mitch McConnell gave the Kennedy Center the first million. Pelosi then raised it to $35m.

https://www.washingtonpost.com/opinions/2020/03/27/why-kennedy-center-got-money-bailout-bill/


Quote
Though named for a Democratic president, the center was established by a Republican one. In 1958, President Dwight D. Eisenhower signed legislation to establish a national cultural center to address the fact that Washington was the only leading capital in the world without a major center for the arts. As Eisenhower wrote in an Aug. 2, 1958, letter to the chairman of the House Committee on Public Works: ďThere has long been a need for more adequate facilities in the Nationís capital for the presentation of the performing arts. An auditorium or other facilities such as are provided for in pending legislation, established and supported by contributions from the public, would be a center of which the entire Nation could be proud.Ē

https://www.cnn.com/2020/03/25/politics/trump-kennedy-center-funding-stimulus/index.html

Quote
The Kennedy Center's board of trustees is also bipartisan and includes first lady Melania Trump and Republican Sen. Roy Blunt of Missouri, among others. All first ladies since the Carter administration have been honorary trustees on the board.
Title: Re: Coronavirus Stimulus Aid Package
Post by: lifetimedeals on December 29, 2020, 07:04:24 PM
Yes they did. In the March Coronavirus relief bill, Mitch McConnell gave the Kennedy Center the first million. Pelosi then raised it to $35m.

https://www.washingtonpost.com/opinions/2020/03/27/why-kennedy-center-got-money-bailout-bill/


https://www.cnn.com/2020/03/25/politics/trump-kennedy-center-funding-stimulus/index.html
So please tell me why that center that is closed since March needs $35 million and why they are sending them additional money? Makes no sense
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 29, 2020, 07:08:07 PM
So please tell me why that center that is closed since March needs $35 million and why they are sending them additional money? Makes no sense
Believe it or not there are expenses to running a museum even when it's closed. Staff, maintenance, etc.

Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 29, 2020, 07:20:25 PM
Are you suggesting that the Senate doesn't have the power to amend appropriation bills?
Very limited
Title: Re: Coronavirus Stimulus Aid Package
Post by: aygart on December 29, 2020, 07:23:49 PM
Yes they did. In the March Coronavirus relief bill, Mitch McConnell gave the Kennedy Center the first million. Pelosi then raised it to $35m.

https://www.washingtonpost.com/opinions/2020/03/27/why-kennedy-center-got-money-bailout-bill/


https://www.cnn.com/2020/03/25/politics/trump-kennedy-center-funding-stimulus/index.html
Makes sense
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 07:40:25 PM
So please tell me why that center that is closed since March needs $35 million and why they are sending them additional money? Makes no sense

Do you realize that its the Democrats that gave them this additional $35m? And you're saying they care more...

Believe it or not there are expenses to running a museum even when it's closed. Staff, maintenance, etc.

$35m worth of expenses?

Off the beaten track we go again.
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 29, 2020, 07:51:34 PM
$35m worth of expenses?
What part of it doesn't make sense to you? The Kennedy Center has 1400 employees. At $7000/mo that's $100m/yr. There are also office and warehouse rental bills.

The Kennedy Center president even forgave her salary for the year.

https://www.washingtonpost.com/entertainment/museums/the-kennedy-center-is-facing-more-hard-choices-its-president-explains-why-shes-forgoing-her-salary/2020/03/26/2cc86ae4-6f97-11ea-a3ec-70d7479d83f0_story.html

Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 07:58:00 PM
The Kennedy Center president even forgave her salary for the year.

Wow, I'm duly impressed.

/s
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on December 29, 2020, 08:01:15 PM
Wow, I'm duly impressed.

/s
Did the airline CEOs give up theirs? Do you realize we're paying many billions for their salaries and don't even own them?
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 29, 2020, 08:14:03 PM
Stimulus payments starting NOW!
https://content.govdelivery.com/accounts/USIRS/bulletins/2b36160?reqfrom=share
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 08:14:39 PM
Did the airline CEOs give up theirs? Do you realize we're paying many billions for their salaries and don't even own them?

Honestly, its irrelevant.
None of that money is going to land in the layperson pocket anyway. And I'm okay with that.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on December 29, 2020, 08:24:44 PM

The Kennedy Center president even forgave her salary for the year.

Considering that her salary is $1.2 million, I hope she still has something left from last year. Also, probably more than 40% of her salary goes to tax anyway so she is not giving up her full salary out of her pocket. The government actually may lose out by such a high earner forgoing salary.
Title: Re: Coronavirus Stimulus Aid Package
Post by: S209 on December 29, 2020, 08:28:52 PM
Also, probably more than 40% of her salary goes to tax anyway so she is not giving up her full salary out of her pocket. The government actually may lose out by such a high earner forgoing salary.
This is so ridiculous I donít even know where to start.
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 29, 2020, 08:57:21 PM
This is so ridiculous I donít even know where to start.

You can start with the fact that her salary is $1.2m.

The part that you quoted is just a side note  :P.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 30, 2020, 04:16:07 PM
It seems that advance stimulus payments will only be based on 2019 returns. Not on the 2018 or 2019 as the first round
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on December 30, 2020, 05:06:21 PM
It seems that advance stimulus payments will only be based on 2019 returns. Not on the 2018 or 2019 as the first round

Meaning that those who didnít file 2019 return wonít get one and itíll be a credit on their 2019 or 2020 return?
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on December 30, 2020, 05:08:13 PM
It seems that advance stimulus payments will only be based on 2019 returns. Not on the 2018 or 2019 as the first round

The only reason they needed to include 2018 is because last time around it was before the filing deadline for 2019.
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 30, 2020, 08:04:22 PM
Meaning that those who didnít file 2019 return wonít get one and itíll be a credit on their 2019 or 2020 return?
Only on the 2020 return
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 30, 2020, 08:05:30 PM
The only reason they needed to include 2018 is because last time around it was before the filing deadline for 2019.
But with the IRS not processing mailed in returns over the past 6 months it will effect a lot of ppl if it's true
Title: Re: Coronavirus Stimulus Aid Package
Post by: iluv2travel on December 31, 2020, 01:20:41 AM
But with the IRS not processing mailed in returns over the past 6 months it will effect a lot of ppl if it's true

In today's day and age its not so difficult to file electronically. On the contrary, in my opinion it's way easier and this will avoid this issue for all these people.
Title: Re: Coronavirus Stimulus Aid Package
Post by: Deal Guy on December 31, 2020, 02:04:43 AM
For some mind boggling reason, the irs shuts down their efiling systems for over 2 months each year, from nov-jan.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yitzgar on December 31, 2020, 08:22:50 AM
For some mind boggling reason, the irs shuts down their efiling systems for over 2 months each year, from nov-jan.
I'm not a programmer, but I would imagine that they need to change things each year. Not sure how long that takes...
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on December 31, 2020, 08:26:03 AM
I wonder how Amazon makes changes to their website without shutting it down for two months
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on December 31, 2020, 08:30:25 AM
But with the IRS not processing mailed in returns over the past 6 months it will effect a lot of ppl if it's true
https://www.marketwatch.com/story/irs-has-1-million-unprocessed-returns-and-3-million-pieces-of-unopened-mail-after-covid-19-wreaked-havoc-on-tax-season-2020-11-20
Title: Re: Coronavirus Stimulus Aid Package
Post by: YitzyS on December 31, 2020, 08:45:39 AM
I'm not a programmer, but I would imagine that they need to change things each year. Not sure how long that takes...
When you say you're not a programmer, do you mean in this context:

Girl on date: My father is a programmer for Microsoft.

Boy in response: My father is a programmer also. You know, like food stamps, jerseycare, wic...
Title: Re: Coronavirus Stimulus Aid Package
Post by: Euclid on December 31, 2020, 09:44:22 AM
I wonder how Amazon makes changes to their website without shutting it down for two months
Amazon's technology budget is like a zillion times bigger than the IRS's.
Title: Re: Coronavirus Stimulus Aid Package
Post by: etech0 on December 31, 2020, 09:45:42 AM
I wonder how Amazon makes changes to their website without shutting it down for two months
They aren't the government
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on January 01, 2021, 02:55:50 AM
Need to get another lockdown from government in order everyone should become eligible for the Employee retention credit
Title: Re: Coronavirus Stimulus Aid Package
Post by: TBD on January 01, 2021, 03:38:22 AM
This is HUGE:
Extension and expansion of the Employee Retention Tax Credit through July 1, 2021. The bill increases the refundable payroll tax credit from a maximum of $5,000 to $14,000 by changing the calculation from 50% of wages paid up to $10,000 to 70% of wages paid up to $10,000 for any quarter. The bill clarifies that businesses will now be able to take the Employee Retention Tax Credit and participate in the PPP.

Back when PPP was all the hype but ERTC wasn't allowed for companies that received PPP, I noticed that for many ERTC was higher than PPP. Now that both can be taken (although I'm assuming not concurrently) ERTC will be a serious benefit.
It seems that this is not HUGE it's just HUUUUUUUUUUUUUGGGGGGE as our president likes to say.
Since the PPP eligibility change is retroactive most people should be eligible for at least $5,000 per employee credit for 2020 for each employee paid $10,000 in excess of PPP payroll. And I'm not speaking about going forward.
For those who didnt pay in excess of PPP forgiveness payroll it could still be a good idea to add another $10,000 in 2020 payroll as 50% of it will be sponsored by Uncle Sam (But it needs to match with the guidelines an being in the quarter of the lockdown or other guidance and PPP payroll needs to be within 24 weeks of application
Title: Re: Coronavirus Stimulus Aid Package
Post by: Jack out of the box on January 02, 2021, 04:46:01 PM
I'm not a programmer, but I would imagine that they need to change things each year. Not sure how long that takes...
For business returns the e-file system is shut for only a couple of weeks so I can't understand why for individuals it needs to be 2 months.
Title: Re: Coronavirus Stimulus Aid Package
Post by: yesitsme on January 02, 2021, 06:14:23 PM
For business returns the e-file system is shut for only a couple of weeks so I can't understand why for individuals it needs to be 2 months.
Gov + unions what can you expect
Title: Re: Coronavirus Stimulus Aid Package
Post by: 123-Rosh on January 05, 2021, 09:31:59 AM
How does an employer retroactively claim the Employee Retention Credit for 2020 after filing Forms 940 and 941.
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on January 05, 2021, 09:40:47 AM
How does an employer retroactively claim the Employee Retention Credit for 2020 after filing Forms 940 and 941.

Quote from: Chaiplus1.com
If an employer determines in a later quarter or in 2021 that the business had a significant decline in receipts in a previous quarter and is thereby eligible for the ERC, Form 941-X can be filed to amend taxes owed and to claim the credit.
There's a dedicated thread for covid business tax credits: https://forums.dansdeals.com/index.php?topic=116651.0
Title: Re: Coronavirus Stimulus Aid Package
Post by: simple26 on January 05, 2021, 09:20:05 PM
For some mind boggling reason, the irs shuts down their efiling systems for over 2 months each year, from nov-jan.
It really sucks as per the bill payments will only be made until Jan 15, e filing will probably only start end of January paper mail also not an option
Title: Re: Coronavirus Stimulus Aid Package
Post by: simple26 on January 15, 2021, 12:22:11 PM
It really sucks as per the bill payments will only be made until Jan 15, e filing will probably only start end of January paper mail also not an option
Cross posting
Ok so now the Irs delayed beginning of tax season to Feb 12because of the late stimulus Hmphhh
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on January 15, 2021, 12:25:55 PM
Cross posting
Ok so now the Irs delayed beginning of tax season to Feb 12because of the late stimulus Hmphhh

Just wait until the 1.9t bill passes and they have to do $1400 more per recipient and deal with $2000 for newly eligible recipients (dependents over 17)
Title: Re: Coronavirus Stimulus Aid Package
Post by: simple26 on January 15, 2021, 12:33:54 PM
Just wait until the 1.9t bill passes and they have to do $1400 more per recipient and deal with $2000 for newly eligible recipients (dependents over 17)
Yup I wouldnít be surprised if the deadline gets pushed too
Title: Re: Coronavirus Stimulus Aid Package
Post by: AsherO on January 15, 2021, 12:53:37 PM
Yup I wouldnít be surprised if the deadline gets pushed too

Depending on the law/IRS, some people getting credits for the $600 already passed might get a deposit/check, since thatís a more a effective stimulus.
Title: Re: Coronavirus Stimulus Aid Package
Post by: zh cohen on January 21, 2021, 08:27:28 PM
It would have a chilling effect on forums like DDF.

Wouldn't a threshold system (similar to the one that states have with regards to sales tax) avoid this issue?
Title: Re: Coronavirus Stimulus Aid Package
Post by: PlatinumGuy on January 24, 2021, 10:39:48 AM
Title: Re: Coronavirus Stimulus Aid Package
Post by: cgr on January 24, 2021, 03:17:24 PM
The treasury will reopen the stimulus registration tool for those that did not file a return, so that they don't have to wait til filing their 2020 return to get their payment.