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Biden Unveils “American Rescue” Plan
[link=https://www.cnn.com/2021/01/14/politics/biden-economic-rescue-package-coronavirus-stimulus/index.html]https://www.cnn.com/2021/…us-stimulus/index.html[/link]
[h3]Here’s what’s in the Biden American Rescue Plan:[/h3]
[b]Beefed-up stimulus payments[/b]The plan calls for [link=https://www.cnn.com/2021/01/14/politics/stimulus-payments-2000-dollars-biden/index.html]sending another $1,400 per person[/link] to eligible recipients. This money would be in addition to the $600 payments that were approved by Congress in December and sent out earlier this month — for a total of $2,000.
The new payments would go to adult dependents that were left out of the earlier rounds, like some children over the age of 17. It would also include households with mixed immigration status, after the first round of $1,200 checks left out the spouses of undocumented immigrants who do not have Social Security Numbers.
[b]Enhanced unemployment aid[/b]
Biden would increase the federal boost the jobless receive to $400 a week, from[link=https://www.cnn.com/2021/01/14/politics/300-unemployment-benefit-congress/index.html] the $300 weekly enhancement contained in Congress’ relief package[/link] from December.
He would also extend the payments, along with two key pandemic unemployment programs, through September. This applies to those in the Pandemic Emergency Unemployment Compensation program who have exhausted their regular state jobless payments and in the Pandemic Unemployment Assistance program, which provides benefits to the self-employed, independent contractors, gig workers and certain people affected by the pandemic.
Lawmakers only provided an additional 11 weeks of support in the December package, which will last until March.
[b]Rental assistance and eviction moratorium[/b]
The plan would provide $25 billion in rental assistance for low- and moderate-income households who have lost jobs during the pandemic. That’s in addition to the $25 billion lawmakers provided in December.
Another $5 billion would be set aside to help [link=https://www.cnn.com/2020/12/23/success/what-renters-need-eviction-moratorium-fe-series/index.html]struggling renters[/link] to pay their utility bills. Biden is also calling for $5 billion to help states and localities assist those at risk of experiencing homelessness.
The plan would extend the federal eviction moratorium, set to expire at the end of January, to September 30, as well as allow people with federally-guaranteed mortgages to apply for forbearance until September 30.
[b]Help for the hungry[/b]
Biden would extend the 15% increase in food stamp benefits through September, instead of having it expire in June. He would invest another $3 billion to help women, infants and children secure food, and give US territories $1 billion in nutrition assistance. And he would partner with restaurants to provide food to needy Americans and jobs to laid-off restaurant workers.
[b]More money for child care and child tax credits[/b]
The plan calls on Congress to create a $25 billion emergency fund and add $15 billion to an existing grant program to help child care providers, including family child care homes, to pay for rent, utilities, and payroll, and increased costs associated with the pandemic like personal protective equipment.
It also proposes expanding the child care tax credit for one year so that families will get back as much as half of their spending on child care for children under age 13.
[b]A temporarily increase of tax credits[/b]
Biden wants to boost the Child Tax Credit to $3,600 for children under age 6 and $3,000 for those between ages 6 and 17 for a year. The credit would also be made fully refundable.
And he proposes to raise the maximum Earned Income Tax Credit for a year to close to $1,500 for childless adults, increase the income limit for the credit to about $21,000 and expand the age range of eligibility to cover older workers.
Both of these are aimed at supporting low-income families, including millions of essential workers.
[b]Subsidies for health insurance premiums[/b]
Biden is also calling on Congress to subsidize through September the premiums of those who lost their work-based health insurance.
He wants to increase and expand the Affordable Care Act’s premium subsidies so that enrollees don’t have to pay more than 8.5% of their income for coverage — which is also one of his campaign promises. (The law is facing a challenge from Republican-led states that is currently before the Supreme Court.)
Also, he wants Congress to provide $4 billion for mental health and substance use disorder services and $20 billion to meet the health care needs of veterans.
[b]Restoration of emergency paid leave[/b]
The plan would reinstate the [link=https://www.cnn.com/2021/01/10/politics/paid-sick-leave-covid-benefit-expiration/index.html]paid sick and family leave benefits[/link] that expired at the end of December until September 30.
It would extend the benefit to workers employed at businesses with more than 500 employees and less than 50, as well as federal workers who were excluded from the original program.
Under Biden’s proposal, people who are sick or quarantining, or caring for a child whose school is closed, will receive 14 weeks of paid leave. The government will reimburse employers with fewer than 500 workers for the full cost of providing the leave.
[b]More assistance for small businesses[/b]
The plan calls for providing $15 billion to create a new grant program for [link=https://www.cnn.com/2021/01/11/success/ppp-loan-program-reopens-small-business/index.html]small business owners[/link], separate from the existing [link=https://www.cnn.com/2021/01/13/politics/ppp-congress-second-round-rules/index.html]Paycheck Protection Program[/link].
It also proposes making a $35 billion investment in some state, local, tribal, and non-profit financing programs that make low-interest loans and provide venture capital to entrepreneurs.
[b]Aid for states and schools[/b]
Biden wants to send $350 billion to state, local and territorial governments to keep their frontline workers employed, distribute the vaccine, increase testing, reopen schools and maintain vital services.
Asked during a call with reporters whether states could use the funds to offset [link=https://www.cnn.com/2020/12/19/politics/state-local-government-congress-relief/index.html]declines in tax revenue[/link] spurred by the pandemic, a senior Biden administration official did not clarify. The aid is intended to be flexible, an official told CNN later.
[b]Increased support for vaccines and testing:[/b]
The plan calls for investing $20 billion in a [link=https://www.cnn.com/2021/01/14/politics/biden-vaccines-states/index.html]national vaccination program[/link], including launching community vaccination centers around the country and mobile units in hard-to-reach areas. Biden would also increase federal support to vaccinate Medicaid enrollees.
The proposal would also invest $50 billion in testing, providing funds to purchase rapid tests, expand lab capacity and help schools implement regular testing to support reopening.
[b]A $15 hourly minimum wage:[/b]
Biden is calling on Congress to raise the minimum wage to $15 an hour, and to end the tipped minimum wage and the sub-minimum wage for people with disabilities.
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109 Replies
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The US Chamber of Commerce is supporting Biden’s plan: [link=https://www.uschamber.com/press-release/us-chamber-welcomes-president-elect-biden-s-american-rescue-plan]https://www.uschamber.com/press-rele…an-rescue-plan[/link]
Let that sink in for a minute.
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Id like to see a plan that also calls for extra taxes on corporations. In the past 1/3 of the government budget was from corporate taxes. Record profits. Time to collect some taxes.
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[h1]Sinema Wont Back Minimum Wage Hike[/h1]
Sen. Kyrsten Sinema (D-AZ) told [link=https://www.politico.com/news/2021/02/12/kyrsten-sinema-democrats-468768]Politico[/link] that she does not support using the Covid-19 relief bill to increase the federal minimum wage.
Said Sinema: Whats important is whether or not its directly related to short-term Covid relief. And if its not, then I am not going to support it in this legislation. The minimum wage provision is not appropriate for the reconciliation process. It is not a budget item. And it shouldnt be in there.
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AZ is $11/hr. Which is way better than most. If we want to get people off the government teat then it’s time to start paying a living wage.
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Quote from DICOM_Dan
AZ is $11/hr. Which is way better than most. If we want to get people off the government teat then it’s time to start paying a living wage.
Maybe cutting back the govt teat would motivate people to get some marketable skills? I was making $17-20/hr as a cater waiter/bartender in NYC in the mid-90′ while in college. Not super difficult to develop this type of skill set. In high school I worked as a stock clerk for minimum wage. Adults need to be able to show some type of skill set that justifies them getting paid more than a 16 y/o high school kid. Or we can pay everyone a “living wage”, including the 16 y/o sophomore in high school, and the price of happy meals and just about everything else will sky-rocket. Capitalism is too firmly entrenched in our society. If illegals can come here and work/raise a family without an education/speaking a 2nd language, then its hard to find an excuse for a large chunk of people born/raised here that seem to be incapable of doing so.-
It also says to end the “tipped wage.” If waiters are making 15 bucks an hour without tips, I’m not tipping them 20% anymore (if at all).
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Wait
Now you hate waiters and teachers?
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Quote from Chirorad84
Wait
Now you hate waiters and teachers?
I don’t hate teachers as individuals. I find teacher’s [b]unions[/b] to be abhorrent and they care nothing about children.
I don’t hate waiters. I tip 20% now because they are underpaid. If they make 15/hr, they will be overpaid so I won’t need to tip them as much (or at all).
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Quote from Cubsfan10
It also says to end the “tipped wage.” If waiters are making 15 bucks an hour without tips, I’m not tipping them 20% anymore (if at all).
Cater “banquet” waiters/bartenders don’t usually get tipped. Its already build in the hourly wage that the client pays for the event. Back in the 90’s union banquet waiters at big hotels in NYC were clearing 100K. Not sure what the current state of affairs is.
Good points all around. Interestingly doing a quick google search on worldwide poverty yields different results largely biased by how poverty is measured (terms like relative vs absolute poverty etc). However Canada, Scandinavian countries, and Australia consistently did well. One study had China with one of the lowest poverty rates…
As another poster stated, raising the minimum wage is akin to treating the symptom, not the disease (lack of education/training and lack of meaningful skillset). Seems like technology/globalization has accelerated capitalistic trends towards wealth consolidation. Very complicated issue particularly since a big chunk of our lawmakers get funded from these players. Perhaps upward mobility is a thing of the past. These days teachers can be considered part of the working class whereas a generation ago a teachers salary could support a family, buy a house etc
On a side note, was kinda surprised about the below stats from census.gov:
“In 2019, the poverty rate for the United States was 10.5%, the lowest since estimates were first released for 1959.
Poverty rates declined between 2018 and 2019 for all major race and Hispanic origin groups.
Two of these groups, Blacks and Hispanics, reached historic lows in their poverty rates in 2019. The poverty rate for Blacks was 18.8%; for Hispanics, it was 15.7%”
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Quote from jd4540
Quote from Cubsfan10
It also says to end the “tipped wage.” If waiters are making 15 bucks an hour without tips, I’m not tipping them 20% anymore (if at all).
Cater “banquet” waiters/bartenders don’t usually get tipped. Its already build in the hourly wage that the client pays for the event. Back in the 90’s union banquet waiters at big hotels in NYC were clearing 100K. Not sure what the current state of affairs is.
Good points all around. Interestingly doing a quick google search on worldwide poverty yields different results largely biased by how poverty is measured (terms like relative vs absolute poverty etc). However Canada, Scandinavian countries, and Australia consistently did well. One study had China with one of the lowest poverty rates…
As another poster stated, raising the minimum wage is akin to treating the symptom, not the disease (lack of education/training and lack of meaningful skillset). Seems like technology/globalization has accelerated capitalistic trends towards wealth consolidation. Very complicated issue particularly since a big chunk of our lawmakers get funded from these players. Perhaps upward mobility is a thing of the past. These days teachers can be considered part of the working class whereas a generation ago a teachers salary could support a family, buy a house etc
On a side note, was kinda surprised about the below stats from census.gov:
“In 2019, the poverty rate for the United States was 10.5%, the lowest since estimates were first released for 1959.
Poverty rates declined between 2018 and 2019 for all major race and Hispanic origin groups.
Two of these groups, Blacks and Hispanics, reached historic lows in their poverty rates in 2019. The poverty rate for Blacks was 18.8%; for Hispanics, it was 15.7%”
Good post. You guys should all read this book:
[link=https://www.amazon.com/Factfulness-Reasons-World-Things-Better/dp/1250123828/ref=sr_1_1?crid=3M7XD7ZH43Z2Y&dchild=1&keywords=factfulness&qid=1613269297&sprefix=fact%2Caps%2C335&sr=8-1]https://www.amazon.com/Fa…2Caps%2C335&sr=8-1[/link]
The media is killing us.
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Quote from jd4540
Maybe cutting back the govt teat would motivate people to get some marketable skills?
I don’t think that is very likely at all. The US has some of the worst upward mobility of any developed nation.
There are always going to be a significant percentage of people working at the lowest end of the wage spectrum. These are not teens flipping burgers … a large plurality of these are are heads of households, the working poor.
Removing government assistance and support just makes them poorer and sicker and more marginalized.
How (and I guess for some people “whether”) to help those people out of poverty is a very challenging political discussion. Personally, I’d be fine not raising the minimum wage so as not depress hiring but make up the difference with low wage tax credits and expanded EITC.
But, at least for now, it looks like a change to the federal minimum wage is off the table (As I predicted it would be. It was always meant to be be bargained away to give the moderate dems a “win” and get their support through its removal from the legislation)-
Not every adult is going to have a skill set that is going to make them a high earner. I believe everyone is better off if we can pay more at the bottom. The rising tide lifts all boats.
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Dergon provides a thoughtful response here with “there is always a proportion of people who will be at the lowest end of the wage spectrum.”
Raising the minimum wage to $15 dollars for example may work out for a couple of years but then the whole economy re-aligns and everything re-adjusts, inflates, etc. and we are all back where we started with 15/hr being poor but now everyone else paying more for the same goods.
There is a serious discussion about wages that needs to be had and about the minimum. I support a raise of the minimum based upon the local counties median income, for example.
However, the solution ultimately needs to come from this line of thinking: The minimum wage was supposed to be meant for transient and entry-level jobs – not career/lifetime jobs.-
If raising the minimum wage only resulted in inflation in goods and services then that would be an argument agaisnt rasising it.
But that’s not the case. The amount of cost passed on to consumers is only a small percentage. The vast majority comes out of the corporate revenue stream
The goal is to get a greater percentage of corporate revenue into the hands of labor. In the 60’s it was something like 33% going to labor… not it’s like 16%.
I am willing to entertain many strategies that make this happen as a way to strengthen the working class and make our society equitable.
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It doesn’t only do that but I guess what I mean is that nothing else is going to change structurally so that will be one of the main results. You are right that other things need to change to really make a difference. Raising the minimum wage to me is like forgiving student debt. They are both solutions on the back-end of problems that don’t really fix the problem that started them.
There are lots of other solutions but there also has to be a realization too that some people will have to be poor and some people will have to be at the bottom end. The key which I think you are getting at is that all Americans should be able to have their basic needs met. The issue there is the disagreement on what basic needs are. I think we all agree that shelter, food, water, and electricity are basic needs. It snowballs from there. Is healthcare? Internet? A cellphone? A car? You get my point.
There’s also the fact that it is 100% okay for 16-18 year olds to work low/minimum wage jobs. The issue is the 40 year olds who have been working them for their whole life. Why is that happening? What is the cause of that? How can that be fixed?
Some solutions:
– Better/cheaper training of unskilled workers. I think universities need to “pay their fair share” of this and provide cheap education and training subsidized by their other 4 year degrees/etc.
– Reigning in of huge corporate bonuses, CEO salaries, etc. that are 400x the median company employee. Force companies to put more money back into their company/wages rather than allow a CEO to make 400k/year and get a 35 million dollar bonus while running the company into the ground
– Tax credits for various things. These are popular with both parties if done right -
Theres no easy answer to socioeconomic problems. In my mind I have a company like Walmart who pays minimum wage to a worker. In Ohio thats like $8. So more than likely those are people that are using social welfare programs. All the while we give tax breaks to corporations. Even to the point of things like tax abatement on property. So you have workers needing welfare and corporate welfare at the same time. Break that cycle.
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Definitely no easy answer. You give the tax abatements and tax breaks to the corps so they stay/come to X city/state, otherwise they will go elsewhere and there will be no jobs. I can’t remember the economist but this quote always rung true – “the actual minimum wage is $0.”
You would have to regulate tax breaks/abatements/etc. and that has problems too.
I think the “best” solution is to make training easy and cheap to obtain. I also had that other idea before about the “Civil Corps” that I like but that’s too big of an idea to ever catch on.
Sometimes I wish like 10 people in Congress would get together and ask themselves – if we did this from scratch, what we would do? And then a lot of good ideas could come from that.
Honestly, I’m not going to take either political party seriously again until they are willing to listen to people on the other side. I want to see an admin that puts some opposite-party people on their advising teams/within their Cabinet departments.
For all our fighting and arguing on here, I do actually learn a lot from you all on the “other side” and I’m honestly surprised a lot of of the time that we could probably come to agreements or at least compromise on a lot of things.
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Quote from jd4540
Quote from DICOM_Dan
AZ is $11/hr. Which is way better than most. If we want to get people off the government teat then it’s time to start paying a living wage.
Maybe cutting back the govt teat would motivate people to get some marketable skills? I was making $17-20/hr as a cater waiter/bartender in NYC in the mid-90′ while in college. Not super difficult to develop this type of skill set. In high school I worked as a stock clerk for minimum wage. Adults need to be able to show some type of skill set that justifies them getting paid more than a 16 y/o high school kid. Or we can pay everyone a “living wage”, including the 16 y/o sophomore in high school, and the price of happy meals and just about everything else will sky-rocket. Capitalism is too firmly entrenched in our society. If illegals can come here and work/raise a family without an education/speaking a 2nd language, then its hard to find an excuse for a large chunk of people born/raised here that seem to be incapable of doing so.
So how many people you think work at minimum wage jobs and just refuse to get motivated with some marketable skills? How small a minority of Americans? What’s wrong with paying livable wages? These are just teenagers with today’s equivalent of a paper route? Not serious responsible adult would work at these jobs unless they have zero motivation?
First consider the median household income is about $62,000. That is median household. Household is averaged as 4 people? That’s about $29/hour. A fortune compared to $15/hour. Many teachers don’t even reach that median household income and we’re not exactly sweeping the undereducated off the streets for teaching jobs requiring Masters and certifications.
OK, so you were a waiter/bartender supporting a family at $17-$20/hour? A little tight budget for a household, no? How did you do it?
You didn’t.
They can’t be poor since they likely have a cell phone. I’ve been hearing this same argument for over a decade, decades(?) from those on the right, here on AM and from right-wing media. It’s their own fault.
Yes, to some degree but so many people are lazy and aimless moochers?
Does not compute. These complaints invariably come from those who are earning high six figure incomes. That alone should make the argument suspicious about how thick they are not in facts.
Interesting in that the least household incomes are from states in the South and Mid-West while the coasts are highest.
And now or course we have a pandemic where everyone, so many cannot earn a specialized physician’s income, household or individual.
Perspective is in very short supply.
[link=https://www.census.gov/library/stories/2019/09/us-median-household-income-up-in-2018-from-2017.html]https://www.census.gov/li…in-2018-from-2017.html[/link]Real median household income in the United States increased 0.8% to $61,937 between 2017 and 2018.
[link=https://www.cbsnews.com/news/minimum-wage-2019-almost-half-of-all-americans-work-in-low-wage-jobs/]https://www.cbsnews.com/n…work-in-low-wage-jobs/[/link]
*[size=”0″]Almost half of U.S. workers between ages 18 to 64 are employed in low-wage jobs, the Brookings Institution found.[/size]
[size=”0″]*Low-wage jobs are pervasive, representing between one-third to two-thirds of all jobs in the country’s almost 400 metropolitan areas.[/size]
[size=”0″]*Smaller cities in the South and West tend to have the highest share, such as Las Cruces, New Mexico, and Jacksonville, North Carolina, where more than 6 in 10 workers are in low-wage work.[/size]
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America’s unemployment rate is at a half-century low, but it also has a job-quality problem that affects nearly half the population, with a [link=https://www.brookings.edu/blog/the-avenue/2019/11/21/low-wage-work-is-more-pervasive-than-you-think-and-there-arent-enough-good-jobs-to-go-around/]study[/link] finding 44% of U.S. workers are employed in low-wage jobs that pay median annual wages of $18,000.
Contrary to popular opinion, these workers aren’t teenagers or young adults just starting their careers, write Martha Ross and Nicole Bateman of the Brookings Institution’s Metropolitan Policy Program, which conducted the analysis.
Most of the 53 million Americans working in low-wage jobs are adults in their prime working years, or between about 25 to 54, they noted. Their median hourly wage is $10.22 per hour that’s above the federal minimum wage of $7.25 an hour but well below what’s considered the living wage for many regions.
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I think figuring out the top 3-5 reasons why those 25-54 years continue to be stuck in those jobs is the key to fixing the problem.
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Start with 1/3 to 2/3 of all jobs paying these low wages with no benefits or health insurance. So if everyone went to medical school and earned radiologists’ pay scale poverty would disappear.
So imagine suddenly Amazon and WalMart and McDonalds having to compete with all these physicians’ incomes in order to recruit workers. Who would deliver your Amazon? Or UPS? Or US Postal Service mail? Who would stock the shelves at WalMart? Who would flip your $2 meal at McD’s?
Now that would be interesting.-
That post is nonsensical. I’m not sure what you’re trying to say at all in a realistic way.
Let’s start here: Are you wanting to raise the minimum wage to actually help those people in poverty or is it just another political cudgel?
Put another way – is your goal to raise the minimum wage or is your goal to help people in poverty?
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I believe in a living wage. Period. Not handouts. Not government assistance in place of a living wage. Just a living wage that includes benefits like PTO and healthcare insurance.
My nonsensical post is about the arguments about all the households earning less than $40k only because they are not motivated. Or they are not smart. Or they are lazy. Or they are moochers.
So my point is like the movie, “A Day Without A Mexican,” suddenly everyone is motivated to earn 6 figure incomes, where are the “essential workers?”
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I see. Okay, so what defines a “living wage?”
I assume that you mean that a living wage means that the person has their basic needs met?
So let’s go through those.
Definitely needed: food, shelter, clothing, basic goods (soap, shampoo, etc.)
Probably needed: healthcare, internet, cellphone, car/bike
Would you have a problem with the combination of those things added up together monthly equaling a living wage?
If we have decided what a living wage is, we can ask ourselves what the top 3-5 reasons are that people are stuck in a minimum/low wage job and go after those 1 by 1. -
Start with something simpler. Had minimum wages kept track with inflation and productivity, minimum wages would today be around $22/hour, not $7.25. Not $15. And that’s minimum wages, not living wages.
I’d like wages like I had when I entered the workforce. My 1st jobs were short-order cook & laborer in the shipyards. I earned about $4.00/hour. Sounds skimpy now but I got paid time off, healthcare, I could afford my own apartment, car, vacations, college tuition & loan payoff, home phone, TV, food (& soap) and ability to save $. So nowadays, yes, internet & cellular w cell phone, personal computer.
Back in the day a bus driver had a living wage as well as retail workers as well as most everyone else regardless of work.
The problem with your argument of people being “stuck” in jobs is should everyone have the ability to not be “stuck” in those jobs and find other jobs paying living wages with benefits, who would do the “stuck” jobs? High school teenagers? In all of them?
You are lacking scale in your vision. -
No, those jobs would have to pay more because everyone would have some level of skill. They wouldn’t have to do them like they do now. So, Walmart would have to pay more for the 10/hr job they pay now because of the talent level of the workforce.
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Quote from Frumious
Back in the day a bus driver had a living wage as well as retail workers as well as most everyone else regardless of work.
So what happened? We’ve have both Rs/Ds in power and no one has addressed this issue. Back in the day a teachers salary could support a family, buy a house, send kids to college etc. Tough to do that these days. We live in a cut-throat capitalistic society. No ones gonna pay a cashier (or equivalent) $22/hr. Got to have a marketable skill-set. This concept is not unique to lower class individuals. It also applies to mid/upper class individuals with useless degrees from over-priced colleges. Btw $17/hr in 1995 equals about $30/hr now (around 60K/yr). So yes, one would have a livable wage and could support a family with that rate. -
What happened? The rest of the world caught up to the US dominance in manufacturing that came out of WWII.
Offshoring started, backlash against organized labor led to weakened unions and less collective bargaining, the US corporate culture shifted from long term growth to maximized shareholder return, the US education system faltered and failed to both initially educate its labor force and also to develop ongoing training to maintain skills and flexibility, the US healthcare and housing systems both worked against geographic mobility leaving workers in bad jobs more likely to remain, 40 years of ongoing legislation and economic policy made it easier for corporations to pay a smaller amount of their revenue to labor.
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Yes we live in a capitalist society. That does not mean that it has to be unregulated… and it certainly doesn’t mean that regulating capitalism so that workers are not abused isn’t desirable. Nations can and do successfully regulate their capitalized systems in a way that provides for higher wages, better education, a broader safety net, and more protections.
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Opioid abuse destroyed several generations of work ethics
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Quote from jd4540
So what happened?
So what happened?
As dergon said. But it can be simply put more clearly. Even Trump has said it more than once. American workers it was felt, primarily on Wall Street and banks and industry leaders and politicians in their thrall that American workers were just making too much money to be competitive in a global economy Wall Street was trying to create. Labor costs were soooooo much cheaper in China and no unions to interfere with lower wages & higher profits. Also American businesses were failing due to poor management decisions. These poor decisions led to corporations looking for available money & saw that money in workers’ pension funds just “lying around, doing nothing.” So they got permission to raid the pension funds and still went bankrupt & closed down factories and businesses while exporting the work overseas to China.
Cheap labor is what happened. So we could import sneakers that cost pennies to make in China while still selling them for huge profits here. The investor class loved it, high profits and low labor costs. Trump said it many times including in 2015. WalMart made a fortune for themselves and the investor class by selling the cheaper goods manufactured overseas to those Americans who lost their higher paying jobs.
[link=https://www.businessinsider.com/donald-trump-wages-are-too-high-2015-11]https://www.businessinsid…s-are-too-high-2015-11[/link]
It’s all about the labor. There is no reason not to pay a clerk $22/hour outside of higher profits gained from the lower wages and zero benefits for investors. The only reason you think $22/hour is unreasonable is because this is the way things have been for a few decades now. Again it seems that the people who complain most about high wages among the lower income groups are those in the upper income groups. Theirs is the belief that Americans provide work that has less value.
People can blame the spotted owl & hoot all they like but it wasn’t the spotted owl who moved manufacturing overseas & created service jobs paying less than $10/hour.
Which begs the question, seriously, what makes a radiologist worth $200/hour or more equivalent? Why is a CEO’s salary worth more than 100x a clerk’s and their “associates'” salary?
Why do the upper income groups deserve their high income while complaining about the lower income groups making too much money?
What’s the formula?
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Quote from jd4540
Got to have a marketable skill-set. This concept is not unique to lower class individuals. It also applies to mid/upper class individuals with useless degrees from over-priced colleges. Btw $17/hr in 1995 equals about $30/hr now (around 60K/yr). So yes, one would have a livable wage and could support a family with that rate.
This misses the point entirely. Having “marketable skills” does not explain or dictate how much those “skills” are worth in income for any skill or job. As for $17/hour in 1995, so? I made $4.00/hour in the 1960’s and that was a living wage.
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I mean if specialist physicians with 15 years of training arent worth 200/hr then who is?
I agree with you about high end CEOs though.
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Why not anyone with 15 years of training/experience then? Entertainers? Sports athletes? Only certain ones that is. Why not CEO’s earning such high income?
What’s the formula? What is the entitlement? -
Training isnt the same thing as experience.
If physicians aren’t worth that salary then what profession is? Seriously
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Again, what is the formula for training & experience or some X factor that determines what the pay scale should be?
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There is no distinct formula and you know that. There’s a free market that pays for a combination of training, talent, skill, and experience as well as being based upon supply.
I asked you personally, if you’re not willing to have physicians make 200/hr, then who are you willing to pay that amount to? -
If there is no formula the argument that clerks, “associates” & others do not deserve $22/hour is completely arbitrary and capricious, isn’t it?
It’s all part of this zero-sum thinking about wages.
As for physicians earning the equivalent of $200/hour, I have no beef with that except when these same physicians complain that the problem with the world & households expenses is paying clerks and “associates”, etc a living wage.
Does not compute. Not when it was possible in the 1960’s. Of course then physicians and CEO’s were not making 10x-100x the pay of their lowest employees.
Coincidence?
I don’t even have a beef about CEOs like Bezos earning their incomes except they pay their employees a non-living wage to the God of Cheap Labor. We are China before we gave China all of our manufacturing.
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No it’s not completely arbitrary. It’s based upon the market, talent, skills, etc.
For example, there are only about 50,000 humans in the US who can do radiology. There are probably 130 million who can be a cashier.
If you want to argue for something being more arbitrary then you should use MD vs. a PhD for your argument.
Also I haven’t been complaining about paying a living wage at all. I’ve been trying to define it, fix problems, and figure out how to get as many people making it as we can. Have I not? -
Quote from Frumious
Again, what is the formula for training & experience or some X factor that determines what the pay scale should be?
No precise formula but simply supply and demand/Capitalism. You know this. Any 16 y/o can work as a check-out clerk for $10-12/hr so why pay an adult $22/hr? What is an adult bringing to the table that would justify their extra pay? Why would a company like Target do this? From a business perspective makes zero sense. Why do some professional athletes/actors/musicians make insane bank? Bc someone or some company is making much more off of their services/performance.
Perhaps the expected upward mobility “American Dream” we had in the US in the past was the exception, not the rule. Though the opportunity is still there, it is and will get more difficult. It now largely depends on an individual’s goals, motivation/work ethic, and talent. I came from a single parent, 1st generation household. I ended up becoming a physician, while my sister ended up in a different lower paying field (but subsequently married a small business owner-ultimate means to upward mobility!). On a side note that small business owner came from a former Soviet-bloc nation to the US, barely spoke English, never attended college, and yet managed to “make it” in cut-throat NYC. Many individuals in his line of work have a similar story (foreigners who had a goal and game plan, and then busted their humps til they made it happen-I know a shocking concept). Why can’t individuals born in this country do the same?
I doubt that raising the minimum wage would change much, with the exception of raising the price of “stuff” we all buy (half of it useless cr*p we don’t even need), but at the end of the day it doesn’t really make a huge difference for me or my family. Those in our socioeconomic bracket however, particularly that have families to support, have a knee/jerk reaction to these ideas bc we somehow ultimately end up taking the brunt of the financial hit in some convoluted fashion, and ultimately nothing really changes.
Btw in addition to raising the minimum wage why don’t we pass laws that cap the price of college and housing? Let’s make private schools/colleges and geographic areas like the Bay/tristate area affordable to the working class. -
Useless crap like being able to buy food. Something like 1 in 6 kids goes to bed hungry. Remember the thread about Walmart workers having their own food drive. Not everyone is going to be a physician or marry a small business owner. There should be some kind of wage in place so that a full time worker can take care of themselves. Its much better for the economy to start eliminating the wage gap. Get money into the hands of people to spend it. Rising tide lifts all boats.
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Quote from DICOM_Dan
Useless crap like being able to buy food. Something like 1 in 6 kids goes to bed hungry. Remember the thread about Walmart workers having their own food drive. Not everyone is going to be a physician or marry a small business owner. There should be some kind of wage in place so that a full time worker can take care of themselves. Its much better for the economy to start eliminating the wage gap. Get money into the hands of people to spend it. Rising tide lifts all boats.
Interesting statistic given that lower socioeconomic children are almost twice more likely to experience obesity that higher SES children. Useless crap was a reference to rampant consumerism that spans across all SES. My anecdotes were simply to emphasize that individuals have (or had) the capability to improve their lot in life. Regardless maybe we should skip addressing the wage gap and just guarantee universal basic income for all Americans. A large chunk of these minimum wage jobs will likely be automated sooner than later. -
Most of those children probably also live in places that are considered food deserts. No access to fresh, healthy, affordable, or good options. Its a problem around where we work. The hospital actually lobbied for a grocery chain to come in. They actually built a new store to service an area that really had nothing.
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[link=https://news.yahoo.com/biden-says-polling-shows-americans-223016576.html]https://news.yahoo.com/bi…ericans-223016576.html[/link]
[h1][b]Biden says polling shows Americans want ‘everything’ that’s in his COVID relief plan[/b][/h1]
Q: Mr. President, what did you learn from Americans last night about what they want in this plan?
JOE BIDEN: I learned based on the polling data, they want everything that’s in the plan, it’s not a joke. Everything that’s in the plan. I, the fact is, that I’d like to, I asked a rhetorical question, those who opposed the plan, what don’t they like? What particular program don’t they like? Don’t they want to help people with nutrition? Don’t they want to help people be able to pay their mortgages? Don’t they want to help people get their unemployment insurance? Don’t they want to make sure that people are able to stay in their homes without being thrown out of their homes in the middle of this God awful pandemic?
What don’t they like? And the truth of the matter is, polling data from last night and all the polls you’ve all done, they come from you guys. Not you personally, but your networks and your organizations, show that somewhere between 64% and 69% of the American people think we have to do this. And it’s not about the money, it’s about in order to do everything from open schools as we should to make sure that we’re generating income for people who are in real trouble, it’s about how much it costs.
The federal government has to chip in, make sure we get this done. And as I said, almost every major economist in the country and the International Monetary Fund as well, says it’s going to grow the economy. And that’s what we’re talking about here. We’re going to talk about how we grow the economy.
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[b]Republicans Back Biden Relief Bill, Just Not In Washington [/b]
[b] [/b]
[link=https://www.washingtonpost.com/national/local-republicans-support-biden-covid-relief-plan/2021/02/14/9791d4ba-6d65-11eb-9ed1-73d434b5147f_story.html]Washington Post[/link]: Republicans in Congress overwhelmingly oppose the relief bill, casting it as bloated and budget-busting, with some heaping particular scorn on a measure to send $350 billion in assistance to states and cities. Should Biden go ahead without their approval, GOP leaders say, it will prove that his mantra of bipartisanship rings hollow.
But to many Republicans at city halls and statehouses across the country, the relief package looks very different. Instead of the blue-state bailout derided by GOP lawmakers, Republican mayors and governors say they see badly needed federal aid to keep police on the beat, to prevent battered Main Street businesses from going under and to help care for the growing ranks of the homeless and the hungry.-
This is one of those things many people predicted. Now we care about the budget because the dems are in charge. Sky’s the limit when the GOP is in charge.
GOP: Hey Bezos, how about a tax break?
Bezos: Make it rain.
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[h1]Republicans Struggle to Turn Popular Opinion Against Dem Relief Bill[/h1]
Republicans are struggling to persuade voters to oppose President Bidens $1.9 trillion economic rescue plan, which enjoys strong, bipartisan support nationwide even as it is moving through Congress with just Democratic backing, the [link=https://www.nytimes.com/2021/02/19/us/politics/republicans-stimulus-biden.html]New York Times[/link] reports.
Democrats who control the House are preparing to approve the package by the end of next week, with the Senate aiming to soon follow with its own party-line vote before unemployment benefits are set to lapse in mid-March
Republican leaders, searching for a way to derail the proposal, on Friday led a final attempt to tarnish the package, labeling it a payoff to progressives.’
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[h1][link=https://www.usatoday.com/story/news/politics/2021/02/23/romney-cotton-pushing-10-minimum-wage-e-verify-requirement/4543207001/]USA Today[/link]: Romney and Cotton Minimum Wage Proposal[/h1]
Sens. Mitt Romney (R-UT) and Tom Cotton (R-AR) are proposing to raise the federal minimum wage to $10, but only if businesses are required to use the internet-based E-Verify system designed to prevent employers from hiring undocumented workers.
Although the measure which was unveiled Tuesday morning is unlikely to go far in a Democratic Congress pushing for a $15 minimum wage, the bill from Romney and Cotton represents the most serious Republican proposal yet on an issue that has emerged as a key priority for progressive leaders.
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Seems reasonable to me. I can get on board with 10-12 range. I still support a minimum based upon the local incomes though.
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in a perfect world I think it would be $15 +. some places might call for more.
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$12, indexed to inflation, E-veriphy mandate… I can get on board with that.
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Deal.
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[h1][b]Top Business Leaders Back Bidens Relief Plan[/b][/h1]
More than 150 senior executives from some of the largest American companies across several major industries have lined up behind President Joe Bidens $1.9 trillion coronavirus relief package, [link=https://www.cnn.com/2021/02/24/politics/business-leaders-biden-covid-plan/index.html]CNN[/link] reports.
The group of executives includes the top executives representing some of the powerful business interests in the US, ranging from bank and investment firms like Goldman Sachs and Blackstone, to technology companies like Google, Intel and IBM, to hospitality companies like Loews Hotels & Co. and airlines including American and United Airlines. Top executives from real estate, insurance and utility firms also signed on to the letter.
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Its a mystery to me how a phased in increase of the minimum wage is going to fix the economic woes related to covid. If you are laid off from your hotel housekeeping job due to covid, making $12 two years from now wont do you much good.
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Problems with American economy did not start with COVID.
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The American rescue plan is not just about Covid
“President Biden is laying out the first step of an aggressive, two-step plan for rescue, from the depths of this crisis, and recovery, by investing in America, creating millions of additional good-paying jobs, combating the climate crisis, advancing racial equity, and building back better than before.”
(WH.gov)-
Covid just put the spot light on it. Granted this is crisis but look at how many people don’t have enough to even pay one month of bills let alone a year’s worth.
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[link=https://morningconsult.com/2021/02/24/covid-stimulus-support-poll/]Morning Consult[/link]:
[b] [/b]
[h1]76% of Voters Back $1.9 Trillion Plan, Including 60% of Republicans[/h1] [b][/b]While Republicans offered the lowest amount of support, more than half of GOP voters still back the stimulus package at 60 percent. Thirty percent said they somewhat or strongly oppose the package.
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[b]Virus Did Not Bring Financial Rout States Feared[/b][/h1]
[link=https://www.nytimes.com/2021/03/01/business/covid-state-tax-revenue.html]New York Times[/link]: As it turns out, new data shows that a year after the pandemic wrought economic devastation around the country, forcing states to revise their revenue forecasts and prepare for the worst, for many the worst didnt come. One big reason: $600-a-week federal supplements that allowed people to keep spending and states to keep collecting sales tax revenue even when they were jobless, along with the usual state unemployment benefits.
By some measures, the states ended up collecting nearly as much revenue in 2020 as they did in 2019.-
So, what is the new money for then? Give out the 100 billion or so needed for the vaccines and then use the rest of the money already passed first. Come back in May and see if you need more covid money. I’m confused at why this much and why now?
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Like local weather is not climate, individual economic harm is not the economy. They are related but not he same. Because we work in healthcare we are assured of steady work and a handsome income does not mean those working for minimum wages or laid-off from jobs harmed by the pandemic should be ignored by us.
Making a six-figure income is no reason to dismiss those at the low end to zero end of incomes.-
Hes says that theyre in track to have doses for every adult by summer. Too bad theres a lot of adults who dont want it because of various reasons. Like I dont know what theyre putting in me. Maybe if they all knew trump got it in January theyd change their minds.
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[b]Schumer Says He Has the Votes for Relief Bill[/b][/h1]
Senate Majority Leader Chuck Schumer expressed confidence on Tuesday that President Bidens $1.9 trillion coronavirus relief bill will pass in the Senate this week, saying the Senate will take up the legislation as early as Wednesday, [link=https://www.cbsnews.com/news/covid-relief-bill-senate-votes-schumer/]CBS News[/link] reports.
Said Schumer: We want to get the biggest, strongest, boldest bill that can pass. And thats what we are working to do. Well have the votes we need to pass the bill.
[link=https://www.bloomberg.com/news/articles/2021-03-03/biden-relief-plan-faces-senate-hurdle-with-debate-poised-to-open?srnd=premium&sref=nXmOg68r]Bloomberg[/link]: President Bidens imperative of swiftly passing his $1.9 trillion pandemic-relief program faces one of its final hurdles: settling disputes among Senate Democrats over how to ensure aid gets to those who truly need it.-
Yay mismanaged state bailouts and pet projects!
… and some money for covid in there somewhere? (I think) – even though there’s a trillion dollars from previous bills unused.
Solid!
Classic political bill. Classic evidence of corruption and swamp creatures getting fat on the US taxpayer. Nom nom nom.-
So they’re debating Covid relief in the Senate. Kennedy is on the floor talking about Confucius Universities in China. Apparently he has a Confucius Institute Act.
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[link=https://twitter.com/atrupar/status/1367571084476903430]https://twitter.com/atrup…us/1367571084476903430[/link]
VP Kamala Harris breaks the tie, meaning Senate debate on the Covid stimulus bill can begin
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They’re warming up the mints!
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Not only was the $15 minimum wage destined to fail but it didnt even get close to 50 votes. 8 dems voted against it.
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Passed in the Semate 🙂
50-49, Democrats push through $1.9 trillion relief bill on a straight-party line vote in the Senate. Final House action next.
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[b]Bidens Relief Bill Gets Warm Reception[/b][/h1]
[link=https://www.washingtonpost.com/us-policy/2021/03/07/stimulus-politics/]Washington Post[/link]: The disparity between the reception to President Barack Obamas 2009 stimulus plan and President Bidens is the result of several seismic shifts in American politics the most dramatic of which may be the apparent impact of the pandemic on attitudes about the role of government in helping the economy.
The shift is also the result of a reorientation on economic policy both on the left and on the right that has transformed the political landscape.-
Thank you.
Sincerely,
BTC hodler-
Private Insurance Wins in Democrats First Try at Expanding Health Coverage[/h1]
Medicare for all and the public option were hot topics during primary season, but the politics of passing those gets tricky really fast.
[link=https://www.nytimes.com/2021/03/05/upshot/biden-health-plan-expansion.html]https://www.nytimes.com/2…th-plan-expansion.html[/link]
These guys seem to always win-
Quote from jd4540
Private Insurance Wins in Democrats First Try at Expanding Health Coverage
Medicare for all and the public option were hot topics during primary season, but the politics of passing those gets tricky really fast.[link=https://www.nytimes.com/2021/03/05/upshot/biden-health-plan-expansion.html]https://www.nytimes.com/2…th-plan-expansion.html[/link]
These guys seem to always win
Yeah. Someone in the general forum had a “now that Dems have the Senate I guess it’s socialized medicine in January 2021” post a while back. The reality is a *lot* further to the right than that.
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The majority of people have private insurance. They like the insurance but they don’t like the cost.
Going for “medicare for all” is a political solution but not a real one.
That being said, healthcare is one of the two biggest failures (immigration reform) of the modern Republican party IMO. I’ll give the Dems credit for at least trying something. -
Assuming this article was not pulled out of someone’s backside, seems Republicans, at least the younger ones are in favor of government subsidies for things like having children and caring for them as economic times have changed so drastically down for many in the past 50 years.
[link=https://www.nytimes.com/2021/03/08/opinion/romney-republicans-child-allowance.html]https://www.nytimes.com/2…s-child-allowance.html[/link]
Things got interesting for Republicans when Mitt Romney outbid the Biden administrations proposal with his Family Security Act, which would provide an even larger child allowance, giving parents a $1,400 cash payment at birth followed by up to $4,200 per year for children under 6 and $3,000 for kids 6 to 17.
Not that long ago, Republicans would have locked arms denouncing the Biden proposal. And to be fair, even Senators Mike Lee and Marco Rubio, whose pro-family bona fides might have made them at least open to these plans, quickly denounced the Romney plan as welfare assistance, explaining that an essential part of being pro-family is being pro-work.
But many Republicans arent quite so sure a child allowance is a bad idea. In fact, a growing number believe that government policy that directly supports children and family life is not just beneficial, but essential to the health, vitality and sustainability of the nation. Thats because supporting a family of four in the middle class has not been possible on a single median wage for a long time, which has meant that most families need two incomes or some other kind of support. As a result, many young people report both delaying having a family and having fewer children than they want.
[b]Somewhere along the line, American conservatism came to define itself at least in its actions as primarily about money.[/b]
Whats really going on is that these people are in a very different place financially than Generation X and especially baby boomers when they were raising young children. [b]Millennials, many of whom are now in their 30s, own a [link=https://twitter.com/graykimbrough/status/1198703644721524744?s=20]share of national wealth[/link] that is roughly one-quarter what the boomers owned at the same age and are well below where Gen X was, too.[/b]
[b]Theyre the ones feeling the brunt of the brutal slowdown in real wage growth that started in the 1970s, of the steep rise in the cost of education, of the financialization and globalization of the economy that have all made it harder to start a family and raise children. [/b]
Scott Winship of the American Enterprise Institute explicitly [link=https://www.nytimes.com/2021/02/18/opinion/theres-no-natural-dignity-in-work.html]worries[/link] that [b]a child allowance would create the possibility that single mothers could afford not to work.[/b]
Strangely the concern that mothers whether single or married could afford not to work seems to be a fetish for many Republicans who are otherwise pro-family, at least in their statements.
…only wage-work outside the home counts as real work.
The formula is simple or at least ought to be: Americans should be able to support a family of four, own a home and send their kids to school on a single median wage.A home and family living comfortably on a single median wage? For the children?
Sounds like Socialism to me.Gen Xers lagged far behind Baby Boomers in the percentage of U.S. household wealth held at similar ages. Millennials lag even further behind.
Boomers continue to hold steady at over 56% of U.S. household wealth. pic.twitter.com/4ICYseGAYZ
— Gray Kimbrough (@graykimbrough) November 24, 2019
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You bring up a good point and the biggest change since the 70s. Should both parents have to work (from a financial perspective)? Should a household be able to survive in America from one income?
Almost all of the economic growth in the US since the 60s/70s has been from women entering the workforce. That’s been the only reason the lower wages/wage stagnation hasn’t had a bigger impact.
If we were setting up our ideal family life, would it be one parent working and one parent staying at home with kids while the government gave some form of child tax credit? Or at least should this ideal be possible for most people? CNN did a study a few years back that said that ~74% of working women wished they could stay at home with their kids and ~52% of them held animosity toward their partner for not making enough money to allow them to do so. (I can’t remember the exact numbers but it was something like that). I’m also not suggesting the woman always has to stay home or that the couple even has to be man/woman, I’m just throwing these things out here generally for discussion sake.
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Quote from Cubsfan10
Almost all of the economic growth in the US since the 60s/70s has been from women entering the workforce. That’s been the only reason the lower wages/wage stagnation hasn’t had a bigger impact.
You mean women entering the workforce in order to maintain household incomes as their husbands got laid off & took much lower paying jobs to replace the better paying jobs sent overseas to China?
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Yeah and to add/replace the loss of wage stagnation.
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Quote from Frumious
A home and family living comfortably on a single median wage? For the children?
Sounds like Socialism to me.
sounds like the 1950 and 60s
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[link=https://www.washingtonpost.com/politics/2021/03/09/difference-between-trump-tax-cuts-biden-relief-bill-one-chart/?utm_source=rss&utm_medium=referral&utm_campaign=wp_politics]The difference between the Trump tax cuts and the Biden relief bill, in one chart[/link]
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[b]Most Americans Think Biden Reached Out to Republicans[/b][/h1]
A new [link=https://twitter.com/williamjordann/status/1369341753204080649]Pew Research poll[/link] finds that 57% of Americans believe President Joe Biden engaged in good faith efforts to win Republican support for his pandemic relief bill, while 55% believe that Republicans did not engage in good faith efforts to work with him.-
Shocking! Not 1 Republican vote for this bill!
Faux Opinion-News will be reporting this as Bidens failure in reaching out bilateralism. Like Obama, Biden is shutting Republicans out of the negotiations.
/s
If Democrats were as bilateral as the Republicans were the Dems would be publicly gloating right now doing their best to rub salt and vinegar in the wound.
So much for moderate Republicans.
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There is so little “American rescue ” in this bill. Why do Republicans have to vote for a massive bill funding special interests of the left. A bill helping Americans survive the Covid-19 crisis would have been passed unanimously. Read the bill. Typical Washington nonsense. And I mean nonsense from both sides. The government could work very well if either party could legislate with clean bills. Will never happen. Politicians are a few rungs below personal injury attorneys. Whenever my father had a problem with a building permit he would take the local politician out to dinner and write a check to the campaign and amazingly the permit was granted.
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WTF does that even mean
You are missing the days when pops could bribe an official????
I guess you also miss the good ole days when the klan was lynching people for fun
Nice
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Omg you are dumb. Most of the goodies in this bill are pay backs. Not the good old days. Now. If you are a physician, the standards have been lowered. Good day.
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Helping the poor and underemployed?
Socialism!
[attachment=0]-
The haves always complaining the have-nots have too much.
[attachment=0]
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Larry Kudlow, on Fox Business, calls the Biden relief bill LBJ Great Society to the 100th power
(he means it as an insult)
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Cocaine Kudlow
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Fox, et al will continue to pay Kudlow handsomely regardless of his batting 1,000 lack of accuracy in the past so long as he says what the Right Wingnut machine wants to hear that will keep Kudlow’s face in all the coke he wants.
[attachment=0]
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[h1]Bidens Relief Plan Has Already Saved Thousands of Jobs on Day 1[/h1]
[link=https://www.msnbc.com/rachel-maddow-show/dems-covid-relief-package-already-saving-tens-thousands-jobs-n1260827]MSNBC[/link]: Its not often Congress passes a law on a Wednesday, and by Thursday afternoon, tens of thousands of American jobs have been saved.
It was just last month when American Airlines announced it was sending furlough notices to roughly 13,000 employees. Within a few hours of Congress passing the Democratic COVID relief package, the company reversed course, saying those workers can now stay on the job.
Airline workers received a letter from management: To those who had received notices warning of furloughs: those are happily canceled you can tear them up!
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I just heard McConnell say that Americans should oppose the CARES act because the economy was already going to “roar back” anyway.
That is a tough argument to make. If that’s the best anti-stimulus rhetoric I could come up with I’d spend most of my time talking about Dr. Seuss and Mr. Potato Head too.
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Agree but
I guess its better than talking about global cabal of lizard alien pedophiles and Jewish space lasers
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We’ve heard similar things before from those people, like how COVID would mysteriously, just magically disappear. All it takes is to do nothing. We’ve seen how well that formula does with COVID, doing nothing & things magically get better.
546,000 dead. Imagine how much better that number would have been had we done nothing!-
Interest free loans for big banks ….
[h1][link=https://www.huffpost.com/entry/wells-fargo-chase-stimulus-check-delays_n_604d5a8fc5b636ed337ae8fb]Customers Angry Over Bank Delays On Stimulus Checks[/link][/h1] [link=https://www.huffpost.com/entry/wells-fargo-chase-stimulus-check-delays_n_604d5a8fc5b636ed337ae8fb]Wells Fargo and Chase say they wont start processing federal stimulus direct deposits until March 17, no matter how early the money lands.[/link]“The official payment date for the Economic Impact Payments is March 17, but millions of dollars in checks had [link=https://www.wsj.com/articles/bidens-1-400-stimulus-checks-hit-bank-accounts-starting-today-11615590107]already landed in countless bank accounts by Friday[/link], The Wall Street Journal reported.”
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Quote from dergon
Interest free loans for big banks ….
[h1][link=https://www.huffpost.com/entry/wells-fargo-chase-stimulus-check-delays_n_604d5a8fc5b636ed337ae8fb]Customers Angry Over Bank Delays On Stimulus Checks[/link][/h1] [link=https://www.huffpost.com/entry/wells-fargo-chase-stimulus-check-delays_n_604d5a8fc5b636ed337ae8fb]Wells Fargo and Chase say they wont start processing federal stimulus direct deposits until March 17, no matter how early the money lands.[/link]
“The official payment date for the Economic Impact Payments is March 17, but millions of dollars in checks had [link=https://www.wsj.com/articles/bidens-1-400-stimulus-checks-hit-bank-accounts-starting-today-11615590107]already landed in countless bank accounts by Friday[/link], The Wall Street Journal reported.”
Yeah, because the float from holding on to the money for an extra 24hrs is what makes them rich.
Quite a feeding frenzy over those checks. I was hoping to buy a car in the coming weeks, but I guess I’ll skip this weekend. New car dealers are going to be mobbed.
And then there is this:
[link=https://ktla.com/news/nationworld/indianapolis-man-suspected-of-fatally-shooting-3-adults-1-child-in-fight-over-covid-19-stimulus-check/]https://ktla.com/news/nat…vid-19-stimulus-check/[/link]-
So everyone is just gonna use $1400 to buy a car. Hard to believe.
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[h1][b]GOP AGs Threaten Suit over State Tax Relief and Local Tax Cuts[/b][/h1]
[link=https://www.washingtonpost.com/us-policy/2021/03/16/republicans-threat-stimulus/]Washington Post[/link]: Twenty-one Republican state attorneys general on Tuesday threatened to take action against the Biden administration over its new $1.9 trillion coronavirus stimulus law, decrying it for imposing unprecedented and unconstitutional limits on their states ability to lower taxes.
The attorneys general take issue with a $350 billion pot of money set aside under the stimulus, known as the American Rescue Plan, to help cash-strapped cities, counties and states pay for the costs of the pandemic. Congressional lawmakers opted to restrict states from tapping these federal dollars to finance local tax cuts.
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Like Walmart suing over Government assistance to their employees that forbids Walmart from lowering associates pay.
Logical. For GOP-think.
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[h1][b]GOP Lawmaker Wants More Relief He Voted Against[/b][/h1]
Rep. John Katko (R-NY) is calling for party leaders in Congress to come up with an extra $50 billion to help restaurants hit hard by the coronavirus pandemic, touting a popular program he voted against in March, the [link=https://www.syracuse.com/politics/2021/06/rep-john-katko-asks-congress-to-boost-restaurant-revitalization-fund-he-voted-against.html]Syracuse Post-Standard[/link] reports.
