Reminder – How the Republicans are stealing everything for the 1 percent

The Political Agitator’s response: Reminder of how the Republicans operate but I continue to see these ignant posts talking about Democrats but ignoring who are in control the Republicans. It is sad they just lie, lie, lie almost daily trying to make it appear that the Democrats are the problem. That is what they said when the Democrats held up the Stimulus Package.

Enjoy your $1,200 one-time consolation prize for losing your livelihood, your way of life, and your economic security in this pandemic. And don’t think about the 43,000 millionaires and billionaires who got a $90 billion tax break for 2020 courtesy of the Republican Senate. That’s right: 43,000 people making more than $1 million annually are getting 82% of the benefit from the tax change Republicans wedged into the CARES stimulus package. And thanks to Democratic Sen. Sheldon Whitehouse for uncovering it for us.

“It’s a scandal for Republicans to loot American taxpayers in the midst of an economic and human tragedy,” said Whitehouse, who requested the Joint Committee on Taxation analysis that enumerated the tax change. “Congress should repeal this rotten, un-American giveaway and use the revenue to help workers battling through this crisis.” It is a scandal, it is un-American, and it is absolutely what Republicans are.

The 2017 tax scam law from Republicans mistakenly (according to them) included a limit on how much owners of businesses that were formed as “pass-through” entities—where the income is taxed as the owner’s personal income at the individual rate rather than as business income for federal income taxes—can deduct against nonbusiness income like capital gains. This mostly helps out hedge fund investors and real estate business owners, experts at the Tax Policy Center say. (Because the hedge fund investors and real estate tycoons are the people who really need relief right now.) Republicans argue that the increased “liquidity” will help somehow. You know, trickle down.

Republicans from Trump on down are using this crisis to steal absolutely everything that’s not nailed down. And throwing crumbs to the rest of us. So yeah, (Read more)

Stimulus Proposal: $2,000 Payment Plus $1,000 Per Month Until 1 Year After Crisis Ends

The Political Agitator’s response: Sure hope this goes through but I am going to see if them Ignant Diehard Racist Republicans will spend the money.

The CARES Act provided many Americans with financial relief in the form of a $1,200 stimulus check. But as that program rolls out, it has become apparent to lawmakers that more financial assistance is needed. There are currently several proposals from various lawmakers that would provide Americans with ongoing financial support. You can learn more about current proposals here.

Now you can add the Automatic BOOST to Communities (ABC) Act proposal, which was introduced by Congresswomen Rashida Tlaib (D-MI) and Pramila Jayapal (D-WA).

If approved, the ABC Act would provide every American with a BOOST debit card that is preloaded with $2,000. The card would be reloaded with $1,000 each month until one year after the end of the COVID-19 crisis.

The bill calls for the use of pre-paid debit cards to assist those who are unbanked or do not have access to check cashing services. (Read more)