Stimulus payments: An estimated 29 million people would lose out under GOP proposal

[Rogue Valley]

Stimulus payments: An estimated 29 million people would lose out under GOP proposal

2/1/21
The Republican counterproposal on coronavirus relief unveiled Monday would potentially leave out 29 million middle- and upper-income earners who would qualify for stimulus payments under President Joe Biden's plan. The GOP plan would cut off cash for individuals earning more than $50,000 a year and couples earning more than $100,000, according to a fact sheet provided by the office of Maine Republican Sen. Susan Collins, who rolled out the proposal Sunday with nine other Republicans. About 78% of families would qualify for a relief payment under the Republican proposal, while 95% would be eligible under Biden's proposal, according to analysts at the The Penn Wharton Budget Model, who warned that the figures are preliminary since no formal legislative text is available yet. The GOP relief plan would also provide smaller payments than Biden's. It calls for $1,000 checks and would provide the full payment to individuals earning less than $40,000 a year and couples earning less than $80,000 -- and gradually phase out altogether. By contrast, Biden has called for $1,400 payments. Biden's plan would cost $465 billion, according to the non-partisan Committee for a Responsible Federal Budget, while the Republicans say their measure would cost an estimated $220 billion. Biden has said he is open to considering scaling down stimulus checks for families making more than $150,000 per year as well as some negotiation on other parts of his $1.9 trillion relief bill. But White House press secretary Jen Psaki indicated Monday that the Republican's $600 billion proposal is insufficient.

The GOP sure didn't dither about handing $2.3 trillion to the wealthy and corporations in 2018 or try to butcher the $2.2 trillion CARES Act in March 2020 when Donald Trump was still president.

But now when a Democrat is in the White House? "We have to watch our pennies" says the GOP.

 

[Mycroft]

Stimulus payments: An estimated 29 million people would lose out under GOP proposal

The GOP sure didn't dither about handing $2.3 trillion to the wealthy and corporations in 2018 or try to butcher the $2.2 trillion CARES Act in March 2020 when Donald Trump was still president.

But now when a Democrat is in the White House? "We have to watch our pennies" says the GOP.

As I've said elsewhere, I'm not concerned about the amount of the relief or who gets it. I'm more concerned about the pork and how much there is in the bill.

Nobody seems to want to talk about the pork, though.

 

[chuckiechan]

Stimulus payments: An estimated 29 million people would lose out under GOP proposal

The GOP sure didn't dither about handing $2.3 trillion to the wealthy and corporations in 2018 or try to butcher the $2.2 trillion CARES Act in March 2020 when Donald Trump was still president.

But now when a Democrat is in the White House? "We have to watch our pennies" says the GOP.

Losing out from the free money is what you are saying.
Most public workers who are at home are still getting a full paycheck. AND getting corona money. There are lots of people working and/or wealthy getting money.
Now the “stimulus bill“ has morphed into an amnesty for illegals, bail out of corrupt blue states, and those are just the headlines. So everyone got a smaller piece of the pie to repay political favors.

you bitch about the rich, but you want to send them a check. Cute.

 

[99percenter]

Losing out from the free money is what you are saying.
Most public workers who are at home are still getting a full paycheck. AND getting corona money. There are lots of people working and/or wealthy getting money.
Now the “stimulus bill“ has morphed into an amnesty for illegals, bail out of corrupt blue states, and those are just the headlines. So everyone got a smaller piece of the pie to repay political favors.

you bitch about the rich, but you want to send them a check. Cute.

Nobody wealthy is getting money. Cuttoff is 150k