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Yo_Mama_Been_Loggin

(108,192 posts)
Thu Mar 19, 2020, 08:40 PM Mar 2020

McConnell plan: $1,200 payments; $1T rescue takes shape

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell proposed direct payments of $1,200 per person and $2,400 for couples as part of a sweeping Republican response to the coronavirus outbreak, according to a copy of the legislation obtained by The Associated Press.

The GOP leader unveiled his plan Thursday as Congress raced to craft a $1 trillion rescue package to shore up households, healthcare and the U.S. economy amid the pandemic crisis and nationwide shutdown that's hurtling the country toward a likely recession.

“We need to take bold and swift action as soon as possible,” McConnell, announcing his plan on the Senate floor.

It's an opening salvo in fast-track talks with Democrats as President Donald Trump urges Congress to “go big” to respond as Americans reel from the crisis.

https://www.msn.com/en-us/news/politics/mcconnell-plan-dollar1200-payments-dollar1t-rescue-takes-shape/ar-BB11od2U?li=BBnb7Kz

Doesn't say anything about what's being done to deal with the coronavirus itself. If that isn't done any economic stimulus is pissing in the wind.

5 replies = new reply since forum marked as read
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McConnell plan: $1,200 payments; $1T rescue takes shape (Original Post) Yo_Mama_Been_Loggin Mar 2020 OP
Well, "Phase II" was for testing and medical infrastructure... Wounded Bear Mar 2020 #1
I hope it doesn't go through customerserviceguy Mar 2020 #4
Minimum wage for EVERY American until this is over Drahthaardogs Mar 2020 #2
Surely Libertarians and Tea-baggers will refuse these payments! dchill Mar 2020 #3
$1200 per person is nothing in the more expensive areas Azathoth Mar 2020 #5

Wounded Bear

(58,706 posts)
1. Well, "Phase II" was for testing and medical infrastructure...
Thu Mar 19, 2020, 08:42 PM
Mar 2020

a first cut, at least. This should help a lot of people, especially those losing jobs and such.

I'll take it.

customerserviceguy

(25,183 posts)
4. I hope it doesn't go through
Thu Mar 19, 2020, 09:38 PM
Mar 2020

One trillion for the little people, how many trillions for the corporate muckety-mucks?

Drahthaardogs

(6,843 posts)
2. Minimum wage for EVERY American until this is over
Thu Mar 19, 2020, 08:45 PM
Mar 2020

It let's the poor buy a few weeks of food for sheltering. We are going to be homebound for awhile.

Azathoth

(4,611 posts)
5. $1200 per person is nothing in the more expensive areas
Thu Mar 19, 2020, 09:50 PM
Mar 2020

It's not even one month's rent.

They're gonna have to do better. There needs to be a suspension of all rent/mortgage/property tax/utility payments and a rationed supply of free essentials. Otherwise, the plan is just to bailout the corporations while individuals slowly liquidate what savings they have.

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