KISS - How the stimulus relief bill should work

Discussion in 'Coronavirus Pandemic Discussions' started by Bearack, Mar 24, 2020.

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  1. Bearack

    Bearack Well-Known Member

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    Keep it simple stupid

    There should be a bill for each specific criteria and they should ONLY be affiliated to COVID-19 relief stimulus.

    1st bill - Work force relief act. Everyone in the US qualifies. According to the US Census Bureau's population clock, there is an estimated 331 million people in the us. Of this, approximately 210 million are 18 and older. @ $1200 per adult, that's 252 billion. That leaves approximately 120 million that are below the age of 18 to receive $500 per child which is $60 billion bringing the total to $312 billion and round to $320 billion just in case. This gives a household of 4 $3400 stimulus.

    2nd bill - Small business relief act. All mortgages, lease agreements (includes equipment leases) and rents are deferred 90 days (would apply across 1st and 2nd bills). Businesses are offered no interest loans based upon their 2019 revenue filings. Payback the loan amount is contingent on how long small businesses are mandated to remain closed.

    There are an estimated 31 million small businesses in the US with and estimated 87% of the small businesses making less that $100,000 per years which is 27 million small business. That is an estimated $8333.33 monthly stimulus (again, no interest loan).

    That is an estimated $225 billion in small business loans per month for businesses making less than $100k per year,

    There are an estimated 37,000 small businesses that make $1 to $2.5 million annually. At the top end, no interested loans to sustain these businesses would be approximately $7.8 billion. monthly.

    First 2 bills would cost (remember, a large portion is no interest loans) $555 billion per month. Hopefully only last a month, potentially 2 and each bill could be amended prior to second month payout, if required based upon actual fillings.

    And NO riders, just a relief package.

    3rd bill - Large Corporation relief act. This is important package as well, but opening this up for discussion. And this really needs to be discussed
     
    Last edited: Mar 24, 2020
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  2. Talon

    Talon Well-Known Member Past Donor

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    I'm all for your idea but Democrats want to hold the entire country and economy hostage to add riders that have absolutely nothing to do with the outbreak and economic fallout.

    Their willingness to **** the American people over for their own party's interests would be shocking if it wasn't so typical.
     
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  3. Bearack

    Bearack Well-Known Member

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    I see no one is totally interested in this discussion.
     

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