Bro he doesn’t need a mechanism. Tell FEMA to cut a check to whoever is currently administering the federal $600/wk. Tell them to keep sending it.
Wait for it to work through the courts.
He hasn’t signed that one yet. Once he does, I’d expect a huge selloff. If he’s smart he’ll promise it before the election and do it after. It helps his donor base and looks bad to everyone else. He’ll want kickbacks, too.
That’s not how it works.
States send the funds each week to recipients but they can’t do that without a federal law.
FEMA cutting them a check doesn’t change that.
Even when the law passes it’ll take 3-4 weeks for states to update systems to start paying out the federal money again, but they won’t make those changes without a law.
You think people are going to sell stocks based on an EO about a tax related issue the president has absolutely no authority to do? If so, wow, billionaires are even more stupid than I thought.
If they believe they can get away with it, they will. If he tells the IRS not to enforce the capital gains tax on taxes filed while he’s in charge, I think they’ll go for it. Keep in mind they can also just sell and then buy again right away, locking in the profits for the tax year without giving up their position.
The difference between me and you on this is that I don’t think they’ll be this dumb. That greedy, yes, that dumb no.
I turned off FB last week
This EO
I’m out. See you guys in a few weeks. Just don’t care anymore.
The difference between me and you is that I think the SCOTUS is bought and paid for enough to protect them. They’ll come up with some sort of double jeopardy theory of capital gains taxation.
God those headlines are terrible
If they think like you do, there will be a massive sell off next week or whenever this is signed if it still hasn’t been.
Yeah it hasn’t been signed yet so wait and see. But if it gets signed, I’d be pretty surprised if there’s no selloff.
Well they don’t want to be called the Enemy of the People again!
Even CNN is getting in on the garbage headline game
McConnell supports the EOs.
Man, I just can’t anymore.
Trump’s gonna curb stomp us in November. Enjoy your high ratings, CNN, until Das Fuhrer throws you all in jail.
He’s not gonna curb stomp.
He can’t actually get this money to people.
And schools are opening so the virus will be getting worse.
His road to reelection is razor thin; if he binks it then it’ll be super narrow while losing the popular vote by millions.
He has zero path to curb stomp other than massive massive fraud in the election. Which has nothing to do with today’s EOs
I feel you man. I’m stuck here, I don’t think I have any reasonable way out, and I’d rather die than be stuck in this shithole, so it’s a miserable existence. I’m just hoping to be able to get out in a few years, maybe. Once the pandemic travel restrictions are over maybe I can get out.
If the media spends three months on “The Democrats couldn’t do anything to help, but Daddy Donald came to the rescue!” he’s going to curb stomp once you factor in his cheating.
Massive massive fraud is just a given at this point. Anybody who mails their ballots via USPS is a fucking moron at this point.
He doesn’t need to curb stomp.
All he needs to do is hold 2 of AZ/MI/WI/PA.