Senate GOP ’phase 3’ coronavirus bill includes $1,200 for most Americans

Senate GOP ’phase 3’ coronavirus bill includes $1,200 for most Americans

Republicans in Senate unveiled Thursday their proposal for a third coronavirus bill, which includes payments of up to $1,200 to most taxpayers and loans to various businesses. The payment would be for individuals who reported less than $75,000 on their 2018 returns, or $2,400 per couple who filed their taxes jointly and made less than $150,000. Another $500 would be added for every dependent child

Timothy
Timothy
Stephen
Stephen 2 weeks

I wonder how long this Entitlement will last before it has to be shut down. I benefit greatly from this, but for the sake of my kids having to pay off the national debt, I don't want this.

Pryotra
Pryotra 2 weeks

I'd rather suffer now so our kids and grandkids don't have to pay it off later. I greatly benefit from this, sure, but I don't want to unduly burden our future generations like our parents burdened us.

Rhokanth
Rhokanth 2 weeks

Fucking stupid. $150k joint in WA state is not that much. Yeah punish people for working and getting ahead.

Michael Mantion
Michael Mantion 2 weeks

Awesome I didn't file in 2018 and gf made 90k. we get nothing.

Michael Mantion
Michael Mantion 2 weeks

most. ....

Fin
Fin 2 weeks

Wrong it's an income base bs handout still missing those most in need... U in congress can do better

Steve Iacobbo
Steve Iacobbo 2 weeks

I'm not so sure this is a good idea. Might stimulate spending, so as to help the economy recover but it would take the gov't a long time to recoup this money.

Darrell Vermilion
Darrell Vermilion 2 weeks

FOR ANYONE CONCERNED BECAUSE THEY DIDN'T FILE LAST YEAR: Depending on the reason for why you didn't file, you can still file your 2018-19 taxes through April 2022 (you can always file up to three years after the original deadline). If the IRS owes you a refund, you'll still get it--you've just been giving them an interest-free loan. If you owe the IRS, you'll be liable for any penalties (I believe the maximum penalty is 25% of what you originally owed). You should always file your taxes even if you make no money--if for no reason other than to receive the EITC, which is basically just free money. https://www.irs.gov/businesses/small-businesses-self-employed/filing-past-due-tax-returns

TheMadDane
TheMadDane 2 weeks

Lulz, we're soooooo fucked.

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