Insanity. All we are doing to perpetuating an economic collapse and burdening our children with yet another TRILLION dollars of debt to pay back. And for what? So that McConnell, Trump, and Pelosi can say that they “did something?”
There are a few notable gaps in the Republican proposal. Those who paid less than $1,200 in taxes in 2018 would receive a smaller rebate, at a minimum of $600. Some of the nation’s poorest families fall into that category.
Those who earn more than $75,000 would also receive a smaller rebate, and people who earn more than $99,000 won’t receive any benefit.
The package bases relief rebates on peoples’ 2018 tax returns. If someone made more than $99,000 in 2018, but much less in 2019, they would not get the benefit. The GOP plan also only calls for a one-time check, while a counterpoint from the Democrats offered recurring checks for the duration of the crisis.
The Democrats’ proposed plan, which Chuck Schumer presented on the Senate floor, includes a “Marshall Plan” – which borrows its name from the stimulus plan the US developed in the aftermath of the second world war – for hospitals and the healthcare system. It includes broader paid sick leave mandates, help for small businesses, bailouts for workers and full pay for those out of work.