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Anybody seen the full text of the coronavirus stimulus/rescue package bill that was passed in the Senate yesterday?
I've been digging around, found nothing. Lots of rumors, descriptions, summaries. But no sign of the actual bill.
[beuller]
Anybody? Anybody?
[/beuller]
Same with that $8.3 billion bill they passed earlier. I went hunting to find out and only saw bits and pieces.
Out of $8.3 billion..over $6 billion went back into the Federal government to various agencies.
by Joshua Jamerson, Andrew Duehren and Natalie Andrews
Updated March 25, 2020 5:46 pm ET
WASHINGTON—Congressional efforts to quickly pass an estimated $2 trillion stimulus package hit snags Wednesday, hours after legislative leaders and the Trump administration struck a deal aimed at combating the economic consequences of the coronavirus pandemic.
The Senate had been set to vote on the mammoth bill on Wednesday but rank-and-file members voiced objections while lawmakers were finalizing the bill’s full text, slowing the process.
This temporary benefit is being paid out as a surplus to unemployment benefits, and - to my original point - unemployment benefits are most definitely made up of money you paid in while employed.
Employers pay the unemployment compensation tax, not employees.
I read the bill as offering an additional flat $600/week payment for 4 months. For some workers this may be their full salary and for others it will be less. This temporary benefit is being paid out as a surplus to unemployment benefits, and - to my original point - unemployment benefits are most definitely made up of money you paid in while employed.
I love how everyone is getting riled up about some random workers getting a full salary and potentially becoming lazy as a result. How about the $32 billion for the airline industry? Is that going to make the industry lazy? Hopefully some of that is going towards wages.
My take is that it’s $600/week on top of the state benefit UP TO full compensation.
This does not mean most people will receive the equivalent of a week’s pay because state Unemployment is a fraction of a week’s pay.
The bill is still in play, so who knows what’s in it b
This is all just fake money and Enron style accounting. Nothing is real.
Like a local newspaper columnist wrote, we're now living in the twilight zone.
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