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.
guillaumeb
(42,641 posts)diva77
(7,647 posts)guillaumeb
(42,641 posts)durablend
(7,462 posts)guillaumeb
(42,641 posts)unblock
(52,267 posts)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.
guillaumeb
(42,641 posts)We call them job creators.
fleur-de-lisa
(14,627 posts)guillaumeb
(42,641 posts)How many members of the Trump family will get checks?
alwaysinasnit
(5,066 posts)Grokenstein
(5,726 posts)alwaysinasnit
(5,066 posts)cstanleytech
(26,301 posts)brush
(53,794 posts)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)See, Republicans are really cracking down on wealth inequality!
brush
(53,794 posts)Joking.
Evidently, not very well....
progree
(10,909 posts)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.
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)And Moscow Mitch is up for re-election. That could lose him votes.
progree
(10,909 posts)number, and then people will think he is Magnaminous Mitch.
I forgot he is up for election this year.
brush
(53,794 posts)make himself seem generous.
left-of-center2012
(34,195 posts)Lock him up.
(6,935 posts)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)yaesu
(8,020 posts)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)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)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)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)of desperation ... did someone take the pulse of his base and realized
they hate him too ?
✌🏼
C_U_L8R
(45,004 posts)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)prices for everything.
EarthFirst
(2,901 posts)The additional UI benefits are whats 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)on fixed income or don't qualify for unemployment under the bus?
EarthFirst
(2,901 posts)Yes; I would support both.
bucolic_frolic
(43,206 posts)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)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.