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Senate Republicans 2nd Stimulus Check Proposal

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  • JaredS
    07-28-2020 03:44:37 PM
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    Senate Republicans introduced their long awaited bill meant to address the ongoing economic uncertainty throughout the country, agreeing that another round of stimulus checks to the vast majority of Americans is needed.

    Dubbed the HEALS Act, the $1 trillion legislation calls for another round of checks to be sent out using the same income thresholds as the first round of checks. The additional $500 per dependent is also included, but this time it is extended to all dependents, including college students and adult dependents.

    One major difference with the House HEROES Act is that the Senate bill will reduce the additional weekly unemployment benefits from $600 to $200/week, which would be paid out until an individual state creates a new unemployment system that would pay up to 70% wage replacement for unemployed individuals.

    On the fact of it, the House and Senate seem to be miles apart, but I honestly think they are far closer than we're being led to believe. When it comes to the stimulus checks, they are basically on the same page. Then I can certainly see room for compromise with the additional weekly unemployment insurance. After that, the House and Senate will each have to give and take a bit on all the other aspects of their bills. If I were a betting man, a final bill totaling around $2 trillion will pass both houses and be sent to President Trump for his signature.

    What do you think about the Senate bill? Is there anything you like better than the House version or are you more in favor of the legislation passed in the House?

  • justin412
    07-28-2020 07:23:06 PM
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    JaredS Wrote: On the fact of it, the House and Senate seem to be miles apart, but I honestly think they are far closer than we're being led to believe. When it comes to the stimulus checks, they are basically on the same page. Then I can certainly see room for compromise with the additional weekly unemployment insurance. After that, the House and Senate will each have to give and take a bit on all the other aspects of their bills. If I were a betting man, a final bill totaling around $2 trillion will pass both houses and be sent to President Trump for his signature.

    It's so frustrating that we already pretty much know what's going to happen yet still have to go through this dog and pony show. Dem's want $3 trillion and Rep's want $1. Let's call it an even $2 trillion and get help to the people who desperately need it right now.

    JaredS Wrote: What do you think about the Senate bill? Is there anything you like better than the House version or are you more in favor of the legislation passed in the House?

    I like the House legislation better because it addressed so many more critically needed things in order to jump start our economy (in my opinion), but I don't think the House ever really believed their legislation would become law. It was just a starting point for negotiations with the Senate.

    What I'm most frustrated about is that we've known for weeks that the Senate was eyeing the $1 trillion number, so what took them so long to do what everyone expected in the first place? Negotiations with the House, at best, will take a minimum of one week after the Senate passes their version. That's just way too long when tens of millions of Americans rent is due in four days.

  • J.K.Logic
    07-31-2020 07:41:53 AM
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    The meet in the middle between $1 and $3 trillion does seem very logical and likely. And you are right, its supremely annoying to watch this whole thing play out at a snails pace, all to a very predictable script.

    I personally think they should spend as much as they can right now. Worrying about the national deficit, debt, budget or whatever number at this moment I think is a distraction and a weak argument. What's a trillion or two more when you are already in debt over $26 trillion?? Especially when we are on the brink of a recession turning into a Depression. With no real tangible end in sight that we can currently see.

    Glad to hear they are including college students and all dependents, no matter the age. That was a needed change from the first time around. Also heard there is a possibility of stimulus checks being more than $1200.. but I have my doubts there. Guess we won't know for sure until Trump inks the bill, which I hope (and still expect but am not holding my breathe) gets done before the Aug 7th recess.

  • Jeremy
    08-04-2020 10:28:32 PM
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    Lets look realistically at the figures. They are wanting to pay people an extra $15 per hour to stay at home? In reality, with the covid, at the most, pay them up to 90% of their wage. Most people would not bother working right away especially if receiving an extra 15 per hour and half their normal pay. One thing i have noticed is that neither plan cares about the disabled. Their expenses have gone up too. When these politicians talk about helping the american people, they fail to even ask the people. There are a lot both for and against the 600 set rate. Most think a stimulus check is a good thing, especially for those who are low income and have to figure out where the next meal comes from. The 500 per dependant should be 1200 and include all dependants. Last I checked, it did not cost me less to care for someone else, it cost me more. It is rediculous that common people have no say in what is happening. As far as either bill, the american people, especially the low income, care less about marijuana industry banking regulations nor do they care about rebuilding an fbi office. These political parties seem to forget that they are supposed to represent the people and that includes disabled and low income.

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