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Polybius

(15,461 posts)
Thu Jul 9, 2020, 03:04 PM Jul 2020

Treasury Secretary Mnuchin says the Trump administration supports a 2nd round of stimulus checks, ad

Source: Business Insider

Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration supports another round of stimulus payments.

"We do support another round of economic impact payments," Mnuchin said during a CNBC interview, referring to another name for the stimulus checks. "We can get that into hard-working Americans' bank accounts very, very quickly. The level and the criteria, we'll be discussing with the Senate."

The remarks from Mnuchin represent a shift in the administration's position on a second round of direct payments. Last month, Mnuchin said the White House would "seriously look" at the prospect of additional government checks for Americans.

And earlier this week, White House chief of staff Mark Meadows signaled the White House could get on board with more stimulus checks.

Read more: https://www.businessinsider.com/stimulus-checks-second-trump-administration-supports-round-mnuchin-bank-deposit-2020-7



The article also said Mitch hinted at a $40,000 a year cutoff, which differs from the first found of checks with caps on those making over $75,000 a year.
36 replies = new reply since forum marked as read
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Treasury Secretary Mnuchin says the Trump administration supports a 2nd round of stimulus checks, ad (Original Post) Polybius Jul 2020 OP
To arrive one week prior to the election? eom guillaumeb Jul 2020 #1
Is this one of the October surprises? diva77 Jul 2020 #4
Along with declaring war on Jamaica? eom guillaumeb Jul 2020 #7
New York? durablend Jul 2020 #8
Even closer. eom guillaumeb Jul 2020 #10
you still haven't figured Republican out: unblock Jul 2020 #9
Remember that we do not call them "rich people". guillaumeb Jul 2020 #11
They'll fuck it up again and the checks will be late. fleur-de-lisa Jul 2020 #16
It is the GOP way. guillaumeb Jul 2020 #18
Can they be any more transparent in their cynical attempts to buy votes? alwaysinasnit Jul 2020 #2
Give them a couple of minutes... Grokenstein Jul 2020 #26
You're so right. alwaysinasnit Jul 2020 #27
Trump's going to try to time it closer to the election so as to buy votes. cstanleytech Jul 2020 #3
Wonder what the 40k a year cut off means. brush Jul 2020 #5
It means rich people will absolutely not get a dime over $40,000 unblock Jul 2020 #12
Hun? Translate that for me. brush Jul 2020 #15
... unblock Jul 2020 #23
With the first round, a single person got the full $1200 if his/her AGI was $75,000 or less progree Jul 2020 #28
It would be stupid for there to be an absolute 40k and no more cut off. brush Jul 2020 #30
Maybe he's talking a low figure to lower expectations, but then agree to a much larger progree Jul 2020 #31
You could be right. That snake would try something like that... brush Jul 2020 #35
Will the checks have Trump's name on them again? left-of-center2012 Jul 2020 #6
Drumph determined to bankrupt the country. Lock him up. Jul 2020 #13
He's talking about sending everyone a coupon for a DOW 30K hat made in China yaesu Jul 2020 #14
I'm betting McTurtle will ignore this revolation as the turtle works for the banksters first, trump yaesu Jul 2020 #17
The last cap was $98k for individuals and i think $150k for married couples Roland99 Jul 2020 #19
Yep. ForgoTheConsequence Jul 2020 #20
For $75,000 AGI or less, a single person got the full $1200. For AGI's between $75k and $99k progree Jul 2020 #29
this reeks dweller Jul 2020 #21
Extending unemployment may be the better thing to do. C_U_L8R Jul 2020 #22
those on fixed income or don't qualify for unemployment would be screwed paying the inflated yaesu Jul 2020 #32
Extending the federal unemployment payment will accomplish far more than one time payments... EarthFirst Jul 2020 #24
why not both? Wall street didn't have a problem getting 9 trillion or should we just throw those yaesu Jul 2020 #33
My apologies; I didn't quite take the entire equation into account... EarthFirst Jul 2020 #34
They don't want to do any of it, they do it just because of the elections bucolic_frolic Jul 2020 #25
Where is the 400 billion dollars that is missing.. Linda Ed Jul 2020 #36

unblock

(52,267 posts)
9. you still haven't figured Republican out:
Thu Jul 9, 2020, 03:11 PM
Jul 2020

The *announcement* of how much they're sending out in total, will go out with much fanfare, a week before the election.

The actual checks will go out a week *after* the election, quietly, so people complain too late, that 90% of the money is going to rich people.

brush

(53,794 posts)
5. Wonder what the 40k a year cut off means.
Thu Jul 9, 2020, 03:10 PM
Jul 2020

Are they seriously saying anyone making more than that won't get the payment.

They can't be serious about that. That's shooting themselves in the foot if they think that will get them a lot of votes.

unblock

(52,267 posts)
12. It means rich people will absolutely not get a dime over $40,000
Thu Jul 9, 2020, 03:13 PM
Jul 2020

See, Republicans are really cracking down on wealth inequality!

progree

(10,909 posts)
28. With the first round, a single person got the full $1200 if his/her AGI was $75,000 or less
Thu Jul 9, 2020, 06:10 PM
Jul 2020

and got a partial amount if the AGI was between $75,000 and $99,000 (the amount phases out in a linear way, declining by $50 for each $1,000 of additional AGI).

For a married couple, all the above numbers were doubled.

Senate Majority Leader Mitch McConnell floated a $40,000 income cap on Monday to limit eligibility to people he said were among the hardest-hit


I can't tell you from this whether this time around it will be a hard cap: Have an AGI of $40,000 and get the full amount, Have an AGI of $40,001 and get absolutely nothing, no checko for you, sorry.

Or if there will be some phase out like get the full amount at $40,000 AGI or less, and then phase out linearly to $50,000 or $60,000 or whatever.

Might as well be generous, Mitch, it's an election year you stupid fool, and it's just one payment, not a lifetime of monthly payments, so it gets lots of headlines but doesn't amount to much.

brush

(53,794 posts)
30. It would be stupid for there to be an absolute 40k and no more cut off.
Thu Jul 9, 2020, 06:15 PM
Jul 2020

And Moscow Mitch is up for re-election. That could lose him votes.

progree

(10,909 posts)
31. Maybe he's talking a low figure to lower expectations, but then agree to a much larger
Thu Jul 9, 2020, 06:19 PM
Jul 2020

number, and then people will think he is Magnaminous Mitch.

I forgot he is up for election this year.

Lock him up.

(6,935 posts)
13. Drumph determined to bankrupt the country.
Thu Jul 9, 2020, 03:14 PM
Jul 2020

Not before bailing out the 0.0001% though.

He thinks it's HIS own money?


MAKE JUSTICE GREAT AGAIN on November 3!

LOCK HIM UP!

yaesu

(8,020 posts)
17. I'm betting McTurtle will ignore this revolation as the turtle works for the banksters first, trump
Thu Jul 9, 2020, 03:20 PM
Jul 2020

second, anyway the damage is done, we should have had 2k every month, its too late to save the sinking ship now.

Roland99

(53,342 posts)
19. The last cap was $98k for individuals and i think $150k for married couples
Thu Jul 9, 2020, 03:21 PM
Jul 2020

capping at $40k/yr cuts out a LOT of skilled workers who cannot go back to work due to furloughed status or utter lack of job openings in their field

ForgoTheConsequence

(4,869 posts)
20. Yep.
Thu Jul 9, 2020, 03:25 PM
Jul 2020

If this is based on last year's tax returns I wouldn't see a dime even though I'll barely break 30k this year.

progree

(10,909 posts)
29. For $75,000 AGI or less, a single person got the full $1200. For AGI's between $75k and $99k
Thu Jul 9, 2020, 06:15 PM
Jul 2020

the single person got a partial amount (the amount phased out by $50 for each addtional $1000 of AGI) until it is $0 at $99,000 AGI.

All above numbers are double for married couples.

dweller

(23,646 posts)
21. this reeks
Thu Jul 9, 2020, 03:25 PM
Jul 2020

of desperation ... did someone take the pulse of his base and realized
they hate him too ?


✌🏼

C_U_L8R

(45,004 posts)
22. Extending unemployment may be the better thing to do.
Thu Jul 9, 2020, 03:30 PM
Jul 2020

It sounds as if that's the part they really want to shut down. Even if it takes another one time check to do it.

yaesu

(8,020 posts)
32. those on fixed income or don't qualify for unemployment would be screwed paying the inflated
Thu Jul 9, 2020, 06:30 PM
Jul 2020

prices for everything.

EarthFirst

(2,901 posts)
24. Extending the federal unemployment payment will accomplish far more than one time payments...
Thu Jul 9, 2020, 03:46 PM
Jul 2020

The additional UI benefits are what’s keeping millions afloat on their bills month to month.

A one time benefit will cover the mortgage/rent with little to spare for additional monthly debt obligations.

yaesu

(8,020 posts)
33. why not both? Wall street didn't have a problem getting 9 trillion or should we just throw those
Thu Jul 9, 2020, 06:32 PM
Jul 2020

on fixed income or don't qualify for unemployment under the bus?

bucolic_frolic

(43,206 posts)
25. They don't want to do any of it, they do it just because of the elections
Thu Jul 9, 2020, 03:46 PM
Jul 2020

They don't want it to appear to be for food. That's too close to SNAP or food stamps.

They don't really want it to go exclusively to low income people. They might need it and it seems like welfare to them.

They don't want to pay people's rent and mortgages, too much like socialism.

So they try to limit it to feed capitalism. That's a Grand Plan to them.

Seriously .... suspend rent and mortgage payments month by month. $400 a head for food and living expenses.

People making more not-working with $600 extra plus unemployment doesn't sit well with me.

Linda Ed

(493 posts)
36. Where is the 400 billion dollars that is missing..
Fri Jul 10, 2020, 12:38 AM
Jul 2020

Trump says he will be the oversight of the 2 trillion,,,so of course there is 400 billion missing...
The worse president of all time. Grifter, incompetent and inept liar.

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