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The fault in this policy is that it’s based on tax AGI from previous filing years.
The only litmus for whether you receive a stimulus check or not is whether you are able to prove that you lost your job or had reduced employment due to the Coronavirus.
It’s either that, or just give every American a stimulus check and claw it back on the next tax year by determining their employment status.
Edit: Wasn’t expecting this to blow up, but a lot of responses are simply “Well, why don’t we give people the cash?” or “Why would I want money that I have to give back next tax year”.
Simply put, the reason why you should in those cases not be receiving money is because your employment and thus earnings were not negatively affected by the Coronavirus. The whole point of us stimulating the economy is that we target individuals who were unemployed or had employment reduced by Coronavirus. If you still work your regular job and didn’t have any reduction in hours, then what exactly is the issue here? I retired this year, and I can most certainly tell you that I did not receive a reduction in hours from working, so there is absolutely no reason why I should have received either stimulus check.
All I did with my stimulus was invest the money. How exactly is this going to help the millions of people unemployed or have hourly reductions due to the pandemic? It’s not like I suddenly crave with my $1800 a desire to go see movies in theater, dine in restaurants, and the like.
Give the money to people that need it to avoid economic fallout from rent moratoriums and prevent business closings due to COVID. Not people like me who are just gonna invest it or buying a fucking PS5 lol.
I don’t understand; my stimulus check was for $60, so it seems like there is already a sliding scale to funnel money to the lowest incomes.
That is pretty dumb. $75,000 in New York City is not the same as $75,000 in Des Moines.
what if i made over $75k last year but far less this year because, you know, the pandemic…?
stupid fucking system smh
Everyone knows $75K is the point at which you are immune to COVID-19 and it’s effect on the economy. It’s science.