stimulus checks

[mefordis]

Okay, does anyone know who they want to give the stimulus checks to this time? What is the income cap? (I don't support this, I'm just curious..)

 

[Anewman]

What checks?

 

[Liberty Belle]

I haven't heard about any checks. Maybe someone will fill us in.

 

[mefordis]

What checks?

don't they want to give $500 / $1000 checks? I think also $300 checks to those already collecting soc security and disabled vets.

 

[Galahad]

don't they want to give $500 / $1000 checks? I think also $300 checks to those already collecting soc security and disabled vets.

I don't think so. I think there were some tax cuts that amounted to that much - but there would be income caps. Most of the stimulus is public works and the spending ostensibly aimed at creating jobs and economic activity.

 

[mefordis]

Nevermind. It looks like it will be in the form of tax cuts:

Tax cuts: $500 income tax cut for singles, $1,000 for couples...which comes to roughly $15 - $25 per pay check, depending on your income
For the unemployed: another $25 a week, plus an additional 3 to 6 months in benefits
For a Family on Food Stamps: roughly another $79 a month
For First time home buyers: a $7,500 government grant...which Realtors say will be much better than last year's $7,500 loan, which had to be paid back, and had little effect

http://www.wcpo.com/content/news/lo...uch-Youll-Receive/R4nbdsyILUWNMd_q1i9CFQ.cspx

 

[mefordis]

I don't think so. I think there were some tax cuts that amounted to that much - but there would be income caps. Most of the stimulus is public works and the spending ostensibly aimed at creating jobs and economic activity.

boo. sounds like tax increases. boo. hiss.

 

[pat fan]

No. At least not how I understand it. It is a tax "cut" so that $300-$500 is dispersed over a year in your paycheck, like a couple bucks a week. The other $300 is a one time payout to retirees (I believe) who don't receive a "paycheck".