I have been fairly convinced we … as a family and as a business … would never see any stimulus money directly. One, there's no way I'm going to take a loan from the government. Uh uh, no how, no way, disaster waiting to happen. Two, the way they are setting the bar it is going to cut out a lot of people. And three, since I don't know how they are going to expect me to pay this back I'm not signing up.
That said, some of our tenants that have been let go or temporarily laid off from their jobs may get it. I'll let everyone know how rent collections are the beginning of the month. I suspect we will take a temporary hit because people will fraudulently use the temporary stopping of serving eviction papers. What people are going to find out though is that the orders don't stop late fees, late payment reports to credit agencies, etc. We're willing to work with it always, but don't abuse our willingness and don't assume it either, especially if you are already chronically late with payments. Counting on this so-called stimulus check to cover your bases is beyond foolish.
-------------------------------
Will You Get a Coronavirus Stimulus Check?
(from Motley Fool)
People around the world are suffering from the impact of the coronavirus pandemic, with hundreds of thousands of cases of COVID-19 and signs of further spreading. Many are also struggling economically as national, state, and local governments both in the U.S. and across the globe use extraordinary measures to try to stem the spread of the disease.
Lawmakers in Washington agree that Americans need relief from the economic impacts of the coronavirus crisis, but they've fought hard about exactly how the federal government should provide that relief. Now, it appears that senators and representatives in Congress have come to a deal that firms up exactly what people should expect -- and under that deal, not everyone would get a check.
Below, we'll look more closely at the reported details.
What a coronavirus stimulus check would look like
Early proposals about how to give ordinary Americans some help took several different paths. Initially, some wanted to offer people a payroll tax holiday, which would've boosted take-home pay for workers and also provided businesses with some relief as well. However, opponents noted that eliminating payroll taxes wouldn't help those who'd already gotten laid off or had their hours cut, and it also raised questions about future financial support for Social Security and Medicare.
In response, lawmakers pivoted to a more direct method: sending $1,000 checks to everyone. That would have the benefit of getting money into the hands of those who need it quickly. Again, though, some officials questioned whether everyone really needed to get cash now.
News to stay informed. Advice to stay safe.
Click here for complete coronavirus coverage from Microsoft News
The compromise position looks like this:
When will the coronavirus stimulus checks come?
There's also some uncertainty about how quickly Americans should expect to receive their cash. Treasury Secretary Steven Mnuchin has assured the public that he intends to try to get checks out within two weeks.
However, many are skeptical about how quickly the government can do the necessary legwork to get money out to Americans. Because of the income-based eligibility limits, the Internal Revenue Service will have to get involved in cross-checking who should get a check and who shouldn't. With IRS staffing already at reduced levels and also facing coronavirus-related pressures, it could be more difficult than usual to fast-track sending stimulus checks.
Don't spend it yet
If you've been waiting for a final word on stimulus checks to feel comfortable making some discretionary purchases, you should probably wait longer if you can. Until final legislation makes its way through Congress and the Treasury figures out the exact process involved, you should plan on some delays in getting your coronavirus stimulus check.
That said, some of our tenants that have been let go or temporarily laid off from their jobs may get it. I'll let everyone know how rent collections are the beginning of the month. I suspect we will take a temporary hit because people will fraudulently use the temporary stopping of serving eviction papers. What people are going to find out though is that the orders don't stop late fees, late payment reports to credit agencies, etc. We're willing to work with it always, but don't abuse our willingness and don't assume it either, especially if you are already chronically late with payments. Counting on this so-called stimulus check to cover your bases is beyond foolish.
-------------------------------
Will You Get a Coronavirus Stimulus Check?
(from Motley Fool)
People around the world are suffering from the impact of the coronavirus pandemic, with hundreds of thousands of cases of COVID-19 and signs of further spreading. Many are also struggling economically as national, state, and local governments both in the U.S. and across the globe use extraordinary measures to try to stem the spread of the disease.
Lawmakers in Washington agree that Americans need relief from the economic impacts of the coronavirus crisis, but they've fought hard about exactly how the federal government should provide that relief. Now, it appears that senators and representatives in Congress have come to a deal that firms up exactly what people should expect -- and under that deal, not everyone would get a check.
Below, we'll look more closely at the reported details.
What a coronavirus stimulus check would look like
Early proposals about how to give ordinary Americans some help took several different paths. Initially, some wanted to offer people a payroll tax holiday, which would've boosted take-home pay for workers and also provided businesses with some relief as well. However, opponents noted that eliminating payroll taxes wouldn't help those who'd already gotten laid off or had their hours cut, and it also raised questions about future financial support for Social Security and Medicare.
In response, lawmakers pivoted to a more direct method: sending $1,000 checks to everyone. That would have the benefit of getting money into the hands of those who need it quickly. Again, though, some officials questioned whether everyone really needed to get cash now.
News to stay informed. Advice to stay safe.
Click here for complete coronavirus coverage from Microsoft News
The compromise position looks like this:
- Each eligible adult will receive up to $1,200 from the government.
- For every child in a given household, the amount of the total check would go up by $500.
- However, there are income limits on receiving the stimulus check. If your adjusted gross income is less than $75,000 for single filers and $150,000 for joint filers, then you'll get the full amount. For every $100 you earn above those limits, though, the payment drops by $5. That means that for those with no children and income levels above $99,000 for singles and $198,000 for joint filers, no stimulus check would come. Those with incomes between those levels would receive a reduced stimulus check payment.
When will the coronavirus stimulus checks come?
There's also some uncertainty about how quickly Americans should expect to receive their cash. Treasury Secretary Steven Mnuchin has assured the public that he intends to try to get checks out within two weeks.
However, many are skeptical about how quickly the government can do the necessary legwork to get money out to Americans. Because of the income-based eligibility limits, the Internal Revenue Service will have to get involved in cross-checking who should get a check and who shouldn't. With IRS staffing already at reduced levels and also facing coronavirus-related pressures, it could be more difficult than usual to fast-track sending stimulus checks.
Don't spend it yet
If you've been waiting for a final word on stimulus checks to feel comfortable making some discretionary purchases, you should probably wait longer if you can. Until final legislation makes its way through Congress and the Treasury figures out the exact process involved, you should plan on some delays in getting your coronavirus stimulus check.
God guns n grub, guys n gals....the new five G network. So if one was liberal with such a statement, one could twist it to buying guns n ammo, food, or the opposite sex......hopefully......
why yes he did, but he gave them back.
