That sounds like socialism, socialism is bad , right?
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Cash handouts are coming
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This is for people earning under $75K, if you earn more than $99K....no check for you!
We should deduct the cost of this handout from what we owe China.
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Originally posted by man down View PostLol we don't even have a bill signed but you know what's up?
the details of which were revealed on the Senate floor by Majority Leader Mitch McConnell, R-Ky., individuals making up to $75,000 annually would be eligible for a $1,200 check from the federal government.
The cash would be delivered in a one-time payment. President Donald Trump and Secretary of the Treasury Steven Mnuchin had in recent days pushed for Americans to get two payments.
Married couples who file their taxes jointly would have to make less than $150,000 to qualify for their payment, which would be $2,400.
From there, according to McConnell's proposal, the payments would decrease. For individuals, the sum of the payment would fall by $5 for each $100 earned over $75,000.
The payment would phase out entirely for individuals making more than $99,000 annually, meaning people who make more than that would not get any money from the government, according to the proposal.
For married couples earning more than $150,000, the payment would also decline gradually, and it would phase out completely for couples making more than $198,000, according to the plan.
The checks, however, would reduce to $600 (or $1,200 for married couples) for taxpayers who have little or no income tax liability but have at least $2,500 in qualifying income, according to a GOP summary of the plan.
https://www.nbcnews.com/politics/con...tails-n1164311
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Originally posted by GhostofDempsey View PostI’m just going from what McConnell revealed in the bill.
the details of which were revealed on the Senate floor by Majority Leader Mitch McConnell, R-Ky., individuals making up to $75,000 annually would be eligible for a $1,200 check from the federal government.
The cash would be delivered in a one-time payment. President Donald Trump and Secretary of the Treasury Steven Mnuchin had in recent days pushed for Americans to get two payments.
Married couples who file their taxes jointly would have to make less than $150,000 to qualify for their payment, which would be $2,400.
From there, according to McConnell's proposal, the payments would decrease. For individuals, the sum of the payment would fall by $5 for each $100 earned over $75,000.
The payment would phase out entirely for individuals making more than $99,000 annually, meaning people who make more than that would not get any money from the government, according to the proposal.
For married couples earning more than $150,000, the payment would also decline gradually, and it would phase out completely for couples making more than $198,000, according to the plan.
The checks, however, would reduce to $600 (or $1,200 for married couples) for taxpayers who have little or no income tax liability but have at least $2,500 in qualifying income, according to a GOP summary of the plan.
https://www.nbcnews.com/politics/con...tails-n1164311
https://www.dailywire.com/news/democ...nefits-instead
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