Congress FINALLY agrees on $900B COVID relief package to Americans - and the money could arrive in bank accounts 'in the first week of January'

Source: http://www.yourdestinationnow.com/2020/12/congress-finally-agrees-on-900b-covid.html
Published: Dec 21, 2020
Author: Marieke Rodenstein
Post Date: 2020-12-21 13:12:40 by Horse
Views: 1702

Congress has agreed to a $900 billion coronavirus relief package, Senate leaders announced Sunday.

The deal finally delivers long-overdue help to businesses and individuals and provides money to deliver vaccines to a nation eager for them.

Congress FINALLY agrees on $900B COVID relief package that will send $600 to Americans - half of what they got in April - and the money could arrive in bank accounts 'in the first week of January' December 21, 2020 1 Comment Facebook

Congress has agreed to a $900 billion coronavirus relief package, Senate leaders announced Sunday.

The deal finally delivers long-overdue help to businesses and individuals and provides money to deliver vaccines to a nation eager for them.

It establishes a temporary $300 per week supplemental jobless benefits and $600 direct stimulus payments to most Americans - half of what they got in April - along with a new round of subsidies for hard-hit businesses and money for schools, health care providers and renters facing eviction.

The House was expected to vote on the legislation Monday and Senate action would follow. Congress passed and President Trump signed a one-day stopgap spending bill to avert a government shutdown at midnight Sunday.

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#1: Lod    To: Horse (#0)

Does this money just magically appear in our bank accounts?

Lod posted on 2020-12-21 14:15:06   Reply   Private Reply

#2: Esso    To: Lod, 4um (#1)

Does this money just magically appear in our bank accounts?

I did for me last time.

Esso posted on 2020-12-21 14:53:26   Reply   Private Reply

#3: Fred Mertz    To: Lod (#1)

I got mine in the mail last time. I file by mail.

I'll buy me a $500 whore and a $100 bottle of champagne.

For the economy.

Fred Mertz posted on 2020-12-21 16:19:57   Reply   Private Reply

#4: Cynicom    To: Fred Mertz (#3)

I'll buy me a $500 whore and a $100 bottle of champagne.

Ha...The two would put you under.

Cynicom posted on 2020-12-21 16:40:54   Reply   Private Reply

#5: Fred Mertz    To: Cynicom (#4)

You cover the hotel room, olde man.

Fred Mertz posted on 2020-12-21 16:42:19   Reply   Private Reply

#6: Cynicom    To: Fred Mertz (#5)

Fred, I am so olde that I have trouble remembering what it was I liked about girls. The booze I still recall what that did, the girls, my memory fades.

Cynicom posted on 2020-12-21 16:47:30   Reply   Private Reply

#7: Fred Mertz    To: Cynicom (#6)

Olde man, try some bourbon and apple cider during this time of the year, for medicinal purposes of course.

It might put lead in your pencil and help recall olde memories.

Fred Mertz posted on 2020-12-21 16:51:56   Reply   Private Reply

#8: Lod    To: Horse, Fred Mertz, Esso, 4um (#2)

What is the income threshold to receive this beneficence? thanks.

Lod posted on 2020-12-21 23:27:00   Reply   Private Reply

#9: Lod    To: All (#8)

I read on FR that illegals would receive $1800, since they got nothing in the previous two rounds.

Lod posted on 2020-12-21 23:29:05   Reply   Private Reply

#10: Fred Mertz    To: Lod (#8)

On direct payments, the bill provides $600 to individuals making up to $75,000 per year and $1,200 to couples making up to $150,000, with payments phased out for higher incomes. An additional $600 payment will be made per dependent child, similar to the last round of relief payments in the spring.

wgntv.com/news/house-pass...ted-to-vote-monday-night/

Maybe I'll get a bigger TV instead.

Fred Mertz posted on 2020-12-21 23:52:18   Reply   Private Reply

#11: Lod    To: Fred Mertz (#10)

Is the new Chez Mertz finished and occupied?

Lod posted on 2020-12-22 00:22:34   Reply   Private Reply

#12: Fred Mertz    To: Lod (#11)

I'm all talk and little walk. Not yet.

Asked girlfriend about getting a fireplace. She said no, it would jack up my insurance payments. I'll get an outside fire pit, so I can get the caveman out of my inner self. Lots of wood out there.

Fred Mertz posted on 2020-12-22 00:27:13   Reply   Private Reply

#13: Lod    To: Fred Mertz (#12)

Investigate those faux fireplaces fueled by propane, and ask your agent. The joy of cleaning the ashes out of a wood-fueled fireplace ended here a long, long, time-ago.

Lod posted on 2020-12-22 00:37:42   Reply   Private Reply

#14: Fred Mertz    To: Lod (#13)

Girlfriend has a big TV stand and the bottom quarter has a plug-in (electric) fireplace flame. Pretty impressive to me. It's more for show than heat although she said it gets up to 82 degrees and has a minor fan.

It must be a redneck thing, because moneyed people would poo-poo it.

Fred Mertz posted on 2020-12-22 00:49:48   Reply   Private Reply

#15: Lod    To: Fred Mertz (#14)

I'm not smart enough to watch a fireplace and a tellie simultaneously.

Any type of fireplace with a net caloric gain is a good thing.

Lod posted on 2020-12-22 01:12:57   Reply   Private Reply

#16: Fred Mertz    To: Lod (#15)

It's a soothing thing, not hard to like.

I'm going to the VA tomorrow. I hope they don't chop off my hand or finger.

Don't get the vaccine, it'll make your wiener drop off.

Fred Mertz posted on 2020-12-22 01:20:47   Reply   Private Reply

#17: BTP Holdings    To: Fred Mertz (#16)

Don't get the vaccine

They would have to tie me down to inject me with that poison. ;)

BTP Holdings posted on 2020-12-22 06:58:07   Reply   Private Reply

#18: Esso    To: Lod, 4um (#8)

What is the income threshold to receive this beneficence?

I don't know, probably the same as last time.

Esso posted on 2020-12-22 09:46:56   Reply   Private Reply

#19: StraitGate    To: Lod (#8)

Full dole if you make less than $75k/150k single/joint; ramps down from there.

StraitGate posted on 2020-12-22 10:48:05   Reply   Private Reply

#20: Lod    To: StraitGate, Esso, Fred Mertz (#19)

Thankfully, we'll miss out again.

Having dealt with lower income tenants for 30+ years, I just can't imagine them spending their windfall(s) all that wisely.

Some people's lives seem to be full of bad ideas and poor choices repeated time after time with the same sad outcome.

Lod posted on 2020-12-22 11:31:58   Reply   Private Reply

#21: StraitGate    To: Lod (#20)

Lots of people deal unwisely with windfalls; seen it many times. In- laws inherited big money and ran through it like grain through a goose. Cars, 4-wheelers, trinkets, what have you.

StraitGate posted on 2020-12-22 12:07:00   Reply   Private Reply

#22: Lod    To: StraitGate (#21)

Reminds me of a saying from my parents/grandparents, "The money was just burning a hole in his pocket."

Lod posted on 2020-12-22 12:22:33   Reply   Private Reply

#23: Esso    To: Lod, 4um (#20)

Thankfully, we'll miss out again.

I should get it, I try to keep my AGI ~20k. If it was means tested, no way. I need to talk to my tax chicky-poo, I may be mandated to start making IRA withdrawals, I don't remember the rules at all.

Esso posted on 2020-12-22 12:25:42   Reply   Private Reply

#24: Lod    To: Esso (#23)

I never understood having a "savings account" that penalized me if I didn't withdrawn "my" money according to IRS regulations, so I used the money to make all our properties debt free instead. It was the right choice for us.

Lod posted on 2020-12-22 12:45:46   Reply   Private Reply

#25: BTP Holdings    To: Lod (#24)

I used the money to make all our properties debt free instead. It was the right choice for us.

Anything that keeps the banksters from their plunder is a good deal no matter how you look at it. ;)

BTP Holdings posted on 2020-12-22 13:11:44   Reply   Private Reply

#26: Esso    To: Lod (#24)

It was the right choice for us.

40-some years ago, it was the right choice for me, but you know the old saying about "The best laid plans of mice and men..."

When it didn't make so much sense, I used the 92(t) early withdrawal loophole, which is still ongoing.

The stupid car accident and subsequent divorce changed the game again.

Getting a huge check from my younger sister's trust fund that I was told would be clawed back by the government, and wasn't, to reimburse them for her care, really screwed things up again.

From "The Enemy Below" (1957)

Von Stolberg: I should have died many times, Captain, but I continue to survive somehow. This time it was your fault.

Captain Murrell: I didn't know. Next time I won't throw you the rope.

Von Stolberg: I think you will.

Esso posted on 2020-12-22 13:15:52   Reply   Private Reply

#27: Esso    To: BTP Holdings, 4um (#25)

Anything that keeps the banksters from their plunder is a good deal no matter how you look at it.

You wanna see bankster plunder, you should've seen that crappy irrevocable trust that Mom set up for my handicapped and retarded younger sister.

It started out at 100k in the mid 70s when Dad died, the banksters skimmed off all the gains over the years in fees. It didn't start growing until Trump took over and it gained about 35% in that time.

Esso posted on 2020-12-22 13:46:36   Reply   Private Reply

#28: Lod    To: Esso (#27)

Irrevocable trusts have NEVER made any sense to me. Things and situations and circumstances change...

Lod posted on 2020-12-22 14:33:03   Reply   Private Reply

#29: Esso    To: Lod (#28)

That damned thing was a CF of the highest order from the git.

Esso posted on 2020-12-22 14:42:50   Reply   Private Reply

#30: Esso    To: Lod, 4um (#28)

Esso posted on 2020-12-22 20:49:57   Reply   Private Reply

#31: Lod    To: Esso (#29)

My brother and I paid 30K to the blood-suckers to get IA farmland from our dad's trust into our names. What a joke.

I vowed to either gift stuff while I'm still around, or to put it in my will. I swore to never set up a trust for anything.

Lod posted on 2020-12-22 21:58:07   Reply   Private Reply

#32: Lod    To: Esso (#30)

Fight the bastards to the bloody end, Mr. President.

Lod posted on 2020-12-22 21:59:26   Reply   Private Reply

#33: Fred Mertz    To: Lod (#31)

I need to redo my will. Just some minor changes.

Give the woodland to the church and keep it for hunting. Eliminate my grave robbing brother from being alternate executor.

Thanks for the reminder, Holmes.

p.s. My wrist has the seal of approval to eliminate checkups and therapy visits. It feels like 90% healed.

Fred Mertz posted on 2020-12-22 22:04:28   Reply   Private Reply

#34: StraitGate    To: Lod (#31)

I'm not sold on trusts, either; can't see the advantage over simple and direct bequeathing by will. But I'm not a money guy. My late mother and stepfather had a trust, but the trustee was also one of the beneficiaries. Conflict!

StraitGate posted on 2020-12-22 22:16:40   Reply   Private Reply

#35: Lod    To: StraitGate, Esso, Fred Mertz, people who are going to die, 4um (#34)

I think that folks sometimes outsmart themselves, and their heirs, by setting up trusts without knowing about what can be very expensive on the back end. IMO, and experience, a properly drawn will achieves the same objective at a fraction of the cost and none of the time and hassle of a trust. We were in and out of probate court in less than ten minutes, whereas the trust took over six months to unravel, and please don't ask me why.

Lod posted on 2020-12-22 23:23:48   Reply   Private Reply

#36: Fred Mertz    To: Lod (#35)

I'm no expert, but my local friend's father had a trust rather than a will. His rationale was something like it was private information rather than public record. He didn't want his nosy neighbors to know what he had or didn't have.

Hey, when you're dead who gives a shit, right?

Fred Mertz posted on 2020-12-22 23:34:33   Reply   Private Reply

#37: Lod    To: Fred Mertz (#36)

I agree completely, and here's a lot more ~

www.thebalance.com/who-ge...e-trustmaker-dies-3505381

Lod posted on 2020-12-22 23:44:03   Reply   Private Reply

#38: BTP Holdings    To: Esso (#30)

Another relief bill right on the heels of the one that is coming.

This is than helicopter money from the FED. ;)

BTP Holdings posted on 2020-12-23 00:58:42   Reply   Private Reply

#39: BTP Holdings    To: Lod (#31)

paid 30K to the blood-suckers

I helped an Interpol agent to bust internet scammers in Nigeria.

I was told there was a reward, but I needed to pay a lawyer in order to get it.

I told the Interpol guy, "Francois, do you realize at the start of the French Revolution all of the lawyers were killed first?" ;)

BTP Holdings posted on 2020-12-23 01:05:28   Reply   Private Reply

#40: BTP Holdings    To: Esso (#27)

It didn't start growing until Trump took over and it gained about 35% in that time.

That speaks volumes for the Trump administration. I wonder what rules he had changed to make this happen? ;)

BTP Holdings posted on 2020-12-23 04:26:13   Reply   Private Reply