billisonboard
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Post by billisonboard on Aug 8, 2020 16:50:31 GMT -5
"I'm taking action to provide an additional or extra $400 a week and expanded benefits, $400. That's generous but we want to take care of our people," Trump said at his golf club in Bedminster, New Jersey.
Trump said the federal government will pay 75% of that, but he did not outline where the federal funds would be coming from. link So the President is ordering states to increase their payments by $100 a week. Interesting.
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Deleted
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Post by Deleted on Aug 8, 2020 17:54:06 GMT -5
"I'm taking action to provide an additional or extra $400 a week and expanded benefits, $400. That's generous but we want to take care of our people," Trump said at his golf club in Bedminster, New Jersey.
Trump said the federal government will pay 75% of that, but he did not outline where the federal funds would be coming from. link So the President is ordering states to increase their payments by $100 a week. Interesting. Taking over the spending power of Congress and ordering states to pay a benefit. Didn’t we toss the idea of a King over 200 years ago?
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billisonboard
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Post by billisonboard on Aug 8, 2020 18:06:00 GMT -5
"I'm taking action to provide an additional or extra $400 a week and expanded benefits, $400. That's generous but we want to take care of our people," Trump said at his golf club in Bedminster, New Jersey.
Trump said the federal government will pay 75% of that, but he did not outline where the federal funds would be coming from. link So the President is ordering states to increase their payments by $100 a week. Interesting. Taking over the spending power of Congress and ordering states to pay a benefit. Didn’t we toss the idea of a King over 200 years ago? I think it is great that all this is coming so close to the 2020 election. The American people are being presented with a wonderful opportunity to again toss or perhaps crown a king.
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bean29
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Post by bean29 on Aug 8, 2020 18:29:06 GMT -5
I want to know who is going to make the landlords whole on the non-payment of rent. To say people can live in a landlord’s property for 9 months and not pay rent is beyond comprehension.
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thyme4change
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Post by thyme4change on Aug 8, 2020 19:30:48 GMT -5
I hope they take care of the billionaires. Apparently if we don't kiss their asses every minute they will leave to find some other great place to live and absolutely no one else in the US will be able to run companies that employ people. Take them up on their threat. Enough with negotiating with hostages I'm not sure they have really threatened us. I think it is something poor, stupid people say about rich people.
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bean29
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Post by bean29 on Aug 8, 2020 19:44:36 GMT -5
There was something said about eliminating capital gains taxes. I need to know if he will do that-so I can decide if we want to sell the rental or rent it out.
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Deleted
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Post by Deleted on Aug 8, 2020 21:45:58 GMT -5
This payroll tax holiday is so stupid especially with the whole only being a deferral thing and "I'll forgive it if you re-elect me" part. How is it helping all the people not working and how many working are going to set it aside to pay back in 5 months?
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Deleted
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Post by Deleted on Aug 9, 2020 5:13:51 GMT -5
This payroll tax holiday is so stupid especially with the whole only being a deferral thing and "I'll forgive it if you re-elect me" part. How is it helping all the people not working and how many working are going to set it aside to pay back in 5 months? They won't need to set it aside. The employers will continue to withhold it and pay it at the end of the deferment...earning interest on the withheld money until it's time to pony up. So trump's statement that he would make the tax cut permanent if he's re-elected is merely bait. And a boon to employers' bottom lines. In the meantime, all those folks expecting to see a bigger paycheck are in for a big disappointment. As far as the $400 is concerned, the states have to kick in $100 with the other $300 being funded by the feds. The problem with that is that there's no mention of where the states will get another $100 and no mention of where the feds are finding $300. Combined with having to rework their programs to disburse the money to the unemployed...well, don't expect that there will be money seen by anybody any time soon. In Georgia, and probably in many other states, there are still thousands who haven't seen the first unemployment check much less the additional $600. Moratorium on evictions? The exec order is "suggesting" that the departments involved determine whether it's "necessary" to extend the moratorium, presumably on a case by case basis. What?
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bean29
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Post by bean29 on Aug 9, 2020 5:37:31 GMT -5
If people get 400/wk UC why do they need a moratorium on evictions? 400/40=10/hr, can ‘t people getting UC still afford rent? They get more than that in UC, b/c the state part is added on top of the $400.
I actually think the proposed $200 enhancement was adequate.
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Deleted
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Post by Deleted on Aug 9, 2020 5:58:48 GMT -5
The $400 is to be funded 25% by the states. Because trying to upgrade/change/improve states' antiquated unemployment systems will be a colossal headache and take months to achieve, people who are supposed to get benefits won't see any money for months.
Affordable rent is merely a dream in many areas. For instance, DS pays $1150/month for a one-bedroom apartment, a bargain in the part of town where he lives. If he were collecting unemployment (he's not), it would take almost three weeks of benefits to cover just his rent.
The moratorium on evictions only applies to a landlord's properties that have federally-backed mortgages.
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resolution
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Post by resolution on Aug 9, 2020 7:20:12 GMT -5
This payroll tax holiday is so stupid especially with the whole only being a deferral thing and "I'll forgive it if you re-elect me" part. How is it helping all the people not working and how many working are going to set it aside to pay back in 5 months? It will achieve the goal of defunding social security, and prepare the way to replace it with private investment.
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teen persuasion
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Post by teen persuasion on Aug 9, 2020 7:45:50 GMT -5
"I'm taking action to provide an additional or extra $400 a week and expanded benefits, $400. That's generous but we want to take care of our people," Trump said at his golf club in Bedminster, New Jersey.
Trump said the federal government will pay 75% of that, but he did not outline where the federal funds would be coming from. link So the President is ordering states to increase their payments by $100 a week. Interesting. A Forbes article has this to say about the source of the federal funds:
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tbop77
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Post by tbop77 on Aug 9, 2020 8:12:51 GMT -5
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Deleted
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Post by Deleted on Aug 9, 2020 8:21:20 GMT -5
Too bad he didn't understand that when we spent $3 trillion dollars earlier in the year. Another case of his creating a problem, not taking responsibility (blaming it on someone/something else), then "solving" the problem that he created.
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thyme4change
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Post by thyme4change on Aug 9, 2020 9:57:04 GMT -5
If people get 400/wk UC why do they need a moratorium on evictions? 400/40=10/hr, can ‘t people getting UC still afford rent? They get more than that in UC, b/c the state part is added on top of the $400. I actually think the proposed $200 enhancement was adequate. I haven't dealt with unemployment. How much income does it cover? I thought it was about half your income? Is that wrong? Add 400/week, that would get you up to full coverage if you made less than 40k per year (do I have that math right?) How many people make less than 50k - I thought it was maybe 35%? What happens to UI payments if you had 2 jobs? What if you only lost one of them? What if you aren't totally unemployed, but your income was cut - like if your income came primarily from tips, or volume (like the beauty industry)? There is no help there, right? Can you get UI if you own a business that closes?
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cktc
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Post by cktc on Aug 9, 2020 14:41:32 GMT -5
If people get 400/wk UC why do they need a moratorium on evictions? 400/40=10/hr, can ‘t people getting UC still afford rent? They get more than that in UC, b/c the state part is added on top of the $400. I actually think the proposed $200 enhancement was adequate. I haven't dealt with unemployment. How much income does it cover? I thought it was about half your income? Is that wrong? Add 400/week, that would get you up to full coverage if you made less than 40k per year (do I have that math right?) How many people make less than 50k - I thought it was maybe 35%? What happens to UI payments if you had 2 jobs? What if you only lost one of them? What if you aren't totally unemployed, but your income was cut - like if your income came primarily from tips, or volume (like the beauty industry)? There is no help there, right? Can you get UI if you own a business that closes? In AZ it's 52% of your income, but there is a max benefit of $240/week. So anyone earning more than $12/hr or $25k/yr will not be getting 50% of their usual income. The amount apparently hasn't been updated since the '90s. Coincidentally, the AZ state legislature has also been red during this time period.
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billisonboard
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Post by billisonboard on Aug 9, 2020 14:57:47 GMT -5
It will be interesting on how this will be spun as checks to the unemployed do not increase. I see it will be easy in states with Democratic governors to blame them but not sure about the ones with Republicans.
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Deleted
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Post by Deleted on Aug 9, 2020 15:11:47 GMT -5
Shouldn’t we undo the recent tax cuts and drastically cut military spending to pay for this?
Trillions upon trillions in added debt, this is getting ridiculous.
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billisonboard
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Post by billisonboard on Aug 9, 2020 21:38:16 GMT -5
Trump says he's open to allowing unemployed to get enhanced benefits without states paying part of the cost"We have a system where we can do 100% or we can do 75%, they pay 25, and it will depend on the state," he said to reporters before returning to the White House from his resort in New Jersey. "And they will make a application. We will look at it, and we'll make a decision."
"So you know, they may be, they'll pay nothing in some instances or maybe they'll -- a little bit like the National Guard, like the National Guard, as you know. Sometimes we'll pay all of it depending on the tragedy, or whatever it may be, the disaster," he said. "Sometimes the state will pay 40%, 25%, 10% or nothing -- depending on how it works out." link
Oh, like the National Guard: A White House official told CNN that Trump made an exception for Florida and Texas, even though other states were worse off both financially and had been hit harder by the the coronavirus pandemic, because the governors made “special, direct cases to the President.” link
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justme
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Post by justme on Aug 9, 2020 22:36:54 GMT -5
If people get 400/wk UC why do they need a moratorium on evictions? 400/40=10/hr, can ‘t people getting UC still afford rent? They get more than that in UC, b/c the state part is added on top of the $400. I actually think the proposed $200 enhancement was adequate. I'll admit my life has fallen so I don't know many making less than $15/hr, but the ones I do all pull over a 40 hour week. So comparing UE to a 40 hour week is disingenuous to pretty much everyone working under $20/hr. I make a pretty good amount and UE plus the $600 still didn't quite replace my take home pay. Cutting back expenses, mostly due to quarantine, means I can make it work (though I'm still waiting on my last 2 wks of the $600), but I'm completely out of the money I put in my 401k and HSA. Oh and my company is clawing back my portion of insurance once paychecks started again so those several hundred dollars put UE back in the red for me. Without the $600 my state's UE won't cover my mortgage payment - and I live in 2bd/2bth condo in a MCOLA city. There definitely are some that are making more money on UE with these payments, but fuck the more I think of it they shouldn't have been making that little before. I'm not all behind the living wage thing because I don't think it's well defined. But I also think it's messed up how working 40 hours will still qualify for many federal programs.
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djAdvocate
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Post by djAdvocate on Aug 10, 2020 0:21:51 GMT -5
There definitely are some that are making more money on UE with these payments, but fuck the more I think of it they shouldn't have been making that little before. I'm not all behind the living wage thing because I don't think it's well defined. But I also think it's messed up how working 40 hours will still qualify for many federal programs. this is precisely it.
prior to 1973, FMW kept up with PRODUCTIVITY. since then, it has not even kept up with INFLATION. if it had kept up with PRODUCTIVITY, FMW would be $19/hr:
www.usw.org/blog/2018/the-u-s-economy-can-afford-a-15-minimum-wage
I am tired of hearing "we can't afford it". we can.
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djAdvocate
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Post by djAdvocate on Aug 10, 2020 0:25:48 GMT -5
PS- I started paying living wage this year. I use this calculator to capture that number: livingwage.mit.edu/
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justme
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Post by justme on Aug 10, 2020 0:47:34 GMT -5
My company has been hit hard by this. My division that is its biggest revenue (we make a third of total revenue and there's something like 5 divisions) is pretty much slashed and burned until things start to move back towards normal, yet we're some how getting a large tax break or subsidy or something from the government - I've just heard small bits and pieces in passing but from what I've heard it's tens of millions of dollars they don't have to pay taxes on. Meanwhile the best an employee has faced in this was furloughs adding up to a month of no pay - we've furloughed a lot a lot longer and laid of a chunk too. Our annual raises are usually in Oct and I'm willing to bet money it'll be shit. Because two years ago when we had a "bad" year it was all fire and destruction and we got 1% raise. I was venting to a coworker/friend in another dept about the shit raises and she was all oh it's so nice they gave us that when we did so bad. I was like well it wasn't great but it wasn't bad. And she's like oh no it was horrible we lost money. I looked at her dumbfounded and I was like you do know the company had a 75 million dollar profit during this horrible year where they gave us shit raises right? And I work for a company where the CEO legit has the power to say screw everyone I'm giving every worker $1000 bonus this year and no one could stop him and it'd still leave a damn good profit. And ironically this is a company that prides itself on doing good - but apparently the good doesn't translate to making sure employees wages keep up with inflation.
We've allowed a system to evolve where companies don't need to give a shit about their employees and so most don't. Yet there's still a ton of people out there who are very offended if you treat the companies the same.
PS I'm not entirely sure I like the living wage having children as a part of the calculation. Someone that has kids shouldn't make more than someone who doesn't at the same job and shouldn't have more perks. At my previous job a coworker was allowed to work from home one day a week "because he had kids"...instead of asking I just started working from home more too. They never bothered me about it, but I sure as shit was prepared to say if he (who was hired a few years after me) was allowed to do it I sure as shit was as well and if not I'll lie about adopting kids if need be.
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djAdvocate
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Post by djAdvocate on Aug 10, 2020 1:12:17 GMT -5
I don't pay for kids. I assume everyone is single. now, it is true that some of my employees that have kids are getting something near or above LW according to that table, but I don't consider it. it is the other way around- I start you at LW, and if you show me something, you move up, and eventually make 50+/hr. but it takes a while.
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justme
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Post by justme on Aug 10, 2020 1:19:30 GMT -5
Wasn't dinging you personally 😉 was just a bit surprised to see number of kids as part of the calc in the link. As you kind of alluded to - who knows how many kids one has when you hire them? So you wouldn't think it'd be a variable in the calc.
Was also a bit surprised at the numbers because for my city the number was definitely less than what a large employer is moving to and I think their next step in a few months raises it above it, but I've heard a lot of talk that the $15 they'll reach in 2021 is barely enough but the MIT link puts it at above the wage... if you don't have kids.
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happyhoix
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Post by happyhoix on Aug 10, 2020 7:27:33 GMT -5
It will be interesting on how this will be spun as checks to the unemployed do not increase. I see it will be easy in states with Democratic governors to blame them but not sure about the ones with Republicans. I would not be at all surprised to have trump supporters claiming they got a big windfall in their check even if they are getting paid the exact same amount as before. The same supporters who claimed the January 1st 2016 e-commerce was a catastrophe that magically became awesome bout mid-January 2016. Some times you can believe hard enough to overlook the facts.
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billisonboard
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Post by billisonboard on Aug 10, 2020 8:57:11 GMT -5
Liz Peek: Trump's big win on relief orders – here's why Pelosi, Schumer are so unhappyOver the weekend, he issued four executive orders that would extend modified unemployment relief to millions who are out of work, protect many from eviction from their homes, provide continued relief from student loan debt and suspend payroll taxes for employers and those earning less than $100,000. It may not be enough, but it was more than Democrats were offering. Or they will simply lie.
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billisonboard
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Post by billisonboard on Aug 10, 2020 10:04:33 GMT -5
"So now Schumer and Pelosi want to meet to make a deal," the president tweeted Monday. "Amazing how it all works, isn't it."
"Where have they been for the last 4 weeks ...
link Hmmm. They were meeting with your negotiating team. If you had been paying attention, you would have known that fact.
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bean29
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Post by bean29 on Aug 10, 2020 11:23:29 GMT -5
If people get 400/wk UC why do they need a moratorium on evictions? 400/40=10/hr, can ‘t people getting UC still afford rent? They get more than that in UC, b/c the state part is added on top of the $400. I actually think the proposed $200 enhancement was adequate. I haven't dealt with unemployment. How much income does it cover? I thought it was about half your income? Is that wrong? Add 400/week, that would get you up to full coverage if you made less than 40k per year (do I have that math right?) How many people make less than 50k - I thought it was maybe 35%? What happens to UI payments if you had 2 jobs? What if you only lost one of them? What if you aren't totally unemployed, but your income was cut - like if your income came primarily from tips, or volume (like the beauty industry)? There is no help there, right? Can you get UI if you own a business that closes? My DD was working for an airline and my DH she earns $224 from DH. She is on furlough from the airline. She qualified for $703/wk. I thought the max UC was $377 but not sure. If the federal part was $600 then the state was giving her $103. She only collected 3 weeks though, because she took a job working at SBUX, she won't even bring home $400, but I was worried about her developing bad habits like sleeping all day and or drinking too much. One of my SIL's also mentioned travel (as in she has the ability to attempt to fly standby while she is furloughed. She went to Florida/Georgia/Texas on one of her adventures earlier this year, so yeah - valid point). My beautician said she was earning more on the enhanced unemployment than she does when she is working, but she said it was temporary, so when the SAH order was lifted, she went back to the salon and gave up the UI. My beautician is an employee, not self employed, so I am not sure how much she qualified for.
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billisonboard
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Post by billisonboard on Aug 10, 2020 14:34:06 GMT -5
"I'm taking action to provide an additional or extra $400 a week and expanded benefits, $400. That's generous but we want to take care of our people," Trump said at his golf club in Bedminster, New Jersey.
Trump said the federal government will pay 75% of that, but he did not outline where the federal funds would be coming from. link --- States can count their existing payments toward their $100 match of unemployment benefits under the plan announced by President Donald Trump on Saturday, according to a Department of Labor guidance obtained by CNN. Jobless may only see $300 federal boost under new Labor Department guidance
Ready! Fire! Aim!
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