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stopbush

(24,396 posts)
Fri Mar 20, 2020, 06:24 PM Mar 2020

Here is MY 7-point proposal for a stimulus package to deal with the effects of the tRump Plague

It will cost trillions, but so what? We have trillions available for war, so why not?

1. A monthly $2500 tax-free grant to every American adult (18 and over) regardless of employment status (unemployed, retired, wage earner, contract workers, gig economy - everybody gets it) with an initial commitment to at least 6 months of checks flowing to all Americans making under $500,000 per year for a household.

2. Medical insurance - any American who loses their health insurance can buy into Medicare at the going premium rate of $135 per month per individual. For a family of four, that would be $540 a month in premiums. You can elect to have the premiums deducted from your monthly grant (see #1). Medicare ends when employee returns to work and secures/resumes health insurance thru employer.

3. No-interest government loans to small businesses (under $10-million a year) and low-interest loans to medium and large businesses, with the possibility of debt forgiveness in the future.

4. 10% cap on all credit card interest, no bank penalty charges above $10 on cc accounts. Encourage banks to aggressively work with customers to move to convert existing cc debt to personal loans with interest capped at 6%.

5. Meaningful incentives to install solar technology on all buildings in the country, lessening dependence on the energy grid and helping people become surplus energy generators, freeing up income normally spent on utilities.

6. Eliminate salary cap on FICA taxes. Additional payroll tax revenue will help fund #2 above.

7. Require all 50 states to adopt mail-in voting for the November elections as the primary voting method, along with designated drop-off locations where people may turn in their ballot on or before election day.

8 replies = new reply since forum marked as read
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Here is MY 7-point proposal for a stimulus package to deal with the effects of the tRump Plague (Original Post) stopbush Mar 2020 OP
Yup jpak Mar 2020 #1
Here's my 12 point plan.... DonaldsRump Mar 2020 #2
Where do we vote if we've been made homeless before November? stopbush Mar 2020 #3
That could use a little fine-tuning. ... Hermit-The-Prog Mar 2020 #4
If you're broke, it helps. If you're still employed, it could be a windfall. stopbush Mar 2020 #5
I was thinking about geography ... Hermit-The-Prog Mar 2020 #7
Tax all the trading on Wall Street MacKasey Mar 2020 #6
I see today that they are talking about a two-trillion dollar stimulus package. stopbush Mar 2020 #8

Hermit-The-Prog

(33,414 posts)
4. That could use a little fine-tuning. ...
Fri Mar 20, 2020, 06:41 PM
Mar 2020

For example, that $2500 will be riches in some places and pocket change in others.

stopbush

(24,396 posts)
5. If you're broke, it helps. If you're still employed, it could be a windfall.
Fri Mar 20, 2020, 06:44 PM
Mar 2020

I get that.

The problem with fine tuning is that that often leads to a political throwing out the baby with the bathwater.

I would note that my $2500-a-month proposal is much more generous than anything I've heard out of DC.

MacKasey

(993 posts)
6. Tax all the trading on Wall Street
Fri Mar 20, 2020, 06:48 PM
Mar 2020

I remember reading about a bill floating around that would do that

Could be an Warren or Sanders proposal.

Does anyone know about it?

stopbush

(24,396 posts)
8. I see today that they are talking about a two-trillion dollar stimulus package.
Sat Mar 21, 2020, 12:41 PM
Mar 2020

Now, that is realistic.

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