Yeah the idea that low income people being forced to work through this and put their health or their parents health on the line having to pay it back is lol from liberals.
Like yeah let’s make the grocery store worker who probably killed their parents making sure we could eat pay back their loan
conservative economists tend to be obsessed with the idea of the negative income tax which will never get implemented ever
The “ worrying about which subset of millionaires/billionaires pay for it” part seems like it falls under the rubric of means testing.
You may have missed the next two sentences in that paragraph.
When (checks notes) Joe Manchin thinks your bill is a corporate giveaway…
It depends on what problem we’re trying to solve. We’re throwing around a lot of possible solutions, but I think people have lost track of what we’re trying to accomplish.
We want to get money in the hands of people who have lost their jobs, will be losing their jobs in the immediate future, or have otherwise experienced a huge drop in income, so that they can continue to buy food, pay their rent, etc.
Now, this can also include people who are inappropriately putting their own health, their kids’ health, or their parents’ health on the line by continuing to work because they feel they have no other choice. A universal payment scheme that is partially recovered through subsequent taxes would ALSO help this group because it would allow them to (appropriately) quit their jobs in order to care for themselves or their family. Those people would receive payments and not pay them back because their 2020 income would have taken a substantial hit.
But I don’t see why people who are NOT experiencing employment/income problems right now should be receiving the same net benefit from this immediate series of payouts.
Nancy Pelosi should just pass the exact bill she wants out of the House, adjourn, then go full court press about how the GOP is blocking it. Would say Ds are so, so bad at this but the truth is they are in on it.
Don’t even think Mitch is lying that corrupt D special interest handouts are what is holding this up, rather than elimination of R corrupt handouts.
Food Samps are all through EBT cards now. Not actual paper stamps, which theoretically would make it even easier.
I like a reverse hunger games to pay for things. We can have a billionaire lottery to see who pays for it. Or just full hunger games and winner keeps their money while we take the money from the rest.
It’s so frustrating that they haven’t passed a good bill out of the house yet.
I have been on EBT before. It is quite convenient. The department can also issue separate cash dispersals on the same card. The card knows which is which. All this $$$ for groceries, all this $ can be withdrawn for cash. Obv your local grocery store can’t redeem a $2k cash dispersal, but if they include small amounts that can separately be redeemed as a kind of individual or family petty cash, we can all wave our singles on Tik Tok.
yeah. i’ve been raging to my buddy that i talk politics to about this. it seems so easy. 1. whip everyone into passing a clean-ish bill in the house and then 2. immediately start booking press appearances/ talking to any reporter that will listen, calling the republican senate bills “unnecessary corporate bailouts” and “trump family slush funds”. 3. profit
It is easy. That is exactly why they don’t do it. They aren’t there to anything besides pretend to put up a fight (really they aren’t even doing that here).
It’s just kayfabe. They will eventually get together to pass the worst possible bill that staves off literal bloody revolution
I for one am happy Schumer was willing to take the heat to do what’s right for the country.
I think the point is that Dems shouldn’t feel heroic for taking the heat the Rs deserve.
Wow your cousin read my mind. As a quarantined liberal, all I’ve been thinking about lately are solar panels.
He missed a great opportunity to get an abortion lick in there. Game slipping
The framework Mankiw is proposing makes sense to me, just in terms of means testing via surtax later, instead of up front. It seems feasible to tune the proposal to avoid the issues being raised. You have the framework for adding nuance to the surtax because you’re collecting it through the tax system later. So you can exempt people with lower incomes, people working massive overtime at healthcare providers, or etc. You could also just cap the surtax to the amount of the payout, even for people who aren’t exempted. You could even pass the law and send the checks right away, and have the IRS work out the exemptions later. It seems like that’s how tax regulations always get implemented?
Anyway, the only point worth making (I think) is that its possible to see some value in the framework without agreeing with all the implementation details, which seem to be intended mostly as an explanatory example.
This is more a problem of the media and your news feed isn’t liberal. All MSM is conservative, it’s just different levels of conservative. They have to please their wealthy owners after all.