COVID Relief and the Strategy

[FloridaYankee]

@JayJay

We have an eviction moratorium extension that does nothing to solve the actual problem that’s leading to the need for an eviction moratorium in the first place.

The EO did not create a moratorium. It “suggests” that relevant authorities consider it.

[WuWei]

@FloridaYankee

@zantax

It will be political suicide for politicians who vote against forgiving it. Whether they like how it was forced on them or not.

I don’t think it will stand. It is clearly outside his authority and it will he shot down by the courts.

Who is going to file?

[WCD9973]

@FloridaYankee

I don’t think it will stand. It is clearly outside his authority and it will he shot down by the courts.

I actually think they are all legal. They just don’t have much impact

[FloridaYankee]

@zantax

@Auto129

Why did republicans leave the negotiating table?

Because Democrats thought they held all the cards and could get their wish list through.

That and republicans only wanted to give $200 a week unemployment bennies.

[WuWei]

@FloridaYankee

@zantax

@Auto129

Why did republicans leave the negotiating table?

Because Democrats thought they held all the cards and could get their wish list through.

That and republicans only wanted to give $200 a week unemployment bennies.

Reportedly they offered $600 at some point.

[zantax]

@FloridaYankee

@zantax

It will be political suicide for politicians who vote against forgiving it. Whether they like how it was forced on them or not.

I don’t think it will stand. It is clearly outside his authority and it will he shot down by the courts.

No sorry, I already posted the relevant statute and it’s the same one he used to push back the 2019 tax due date, was that thrown out?

[FloridaYankee]

@WuWei

@FloridaYankee

@zantax

It will be political suicide for politicians who vote against forgiving it. Whether they like how it was forced on them or not.

I don’t think it will stand. It is clearly outside his authority and it will he shot down by the courts.

Who is going to file?

Don’t know.

[FloridaYankee]

@WuWei

@FloridaYankee

@zantax

@Auto129

Why did republicans leave the negotiating table?

Because Democrats thought they held all the cards and could get their wish list through.

That and republicans only wanted to give $200 a week unemployment bennies.

Reportedly they offered $600 at some point.

I haven’t heard that.

[JayJay]

@FloridaYankee

@JayJay

We have an eviction moratorium extension that does nothing to solve the actual problem that’s leading to the need for an eviction moratorium in the first place.

The EO did not create a moratorium. It “suggests” that relevant authorities consider it.

Wow even weaker than I thought.

The more one reads into the EOs, the more toothless they are.

[conan]

Take him to court and stop it.

[conan]

Right…never allow opportunity go to waste bill.

[Snowfinch]

@zantax

You think? I think the millions of people who have to pay it all back might have a different view.

Agreed. If the deferred money actually ends up in take home pay it will be difficult to collect without consequence. There is a wide spectrum of how this may play out depending on how employers elect to implement withholding.

As a practical matter I don’t favor this action due to the the complications and uncertainties. The most significant being:

My employer would likely keep the matching 6% effectively reducing my compensation (note: since my benefit is based on contribution rates, I will realized the reduction as loss of retirement income)

Despite the implementation being a shared tax, this contribution is effectively part of my salary and a forgiveness should be directed to me. If the intention is to cut taxes on my employer then cut their taxes and do not reduce my compensation or perturb the compensation market of my trade.

[FloridaYankee]

@conan

Take him to court and stop it.

Maybe I will.

[conan]

Right…I understand this is upsetting but it’s politics.

[zantax]

I don’t have a dog in the fight, well aside from it likely being people like me who don’t qualify to get any paying it back.

[JayJay]

@Snowfinch

@zantax

You think? I think the millions of people who have to pay it all back might have a different view.

Agreed. If the deferred money actually ends up in take home pay it will be difficult to collect without consequence. There is a wide spectrum of how this may play out depending on how employers elect to implement withholding.

As a practical matter I don’t favor this action due to the the complications and uncertainties. The most significant being:

My employer would likely keep the matching 6% effectively reducing my compensation (note: since my benefit is based on contribution rates, I will realized the reduction as loss of retirement income)

Despite the implementation being a shared tax, this contribution is effectively part of my salary and a forgiveness should be directed to me. If the intention is to cut taxes on my employer then cut their taxes and do not reduce my compensation or perturb the compensation market of my trade.

Precisely.

Puts negative pressure on retirement accounts while not actually helping those…indeed, it hurts them…laid off by COVID-19.

[JayJay]

@conan

Right…I understand this is upsetting but it’s politics.

Upsetting?

No.

Disappointing that so many Trump supporters are once again praising him for doing absolutely nothing to help? A little.

[WuWei]

@WCD9973

@FloridaYankee

I don’t think it will stand. It is clearly outside his authority and it will he shot down by the courts.

I actually think they are all legal. They just don’t have much impact

I agree with your previous point by point analysis. Some of them (payroll tax) will not have much if any impact.

I get the impression, and that’s all it is, that the payroll tax is coming from some segment of business. Probably in the hope it will be forgiven.

[conan]

Do it…do it now!!!

Love to see the headlines.

[WuWei]

@FloridaYankee

@WuWei

@FloridaYankee

@zantax

@Auto129

Why did republicans leave the negotiating table?

Because Democrats thought they held all the cards and could get their wish list through.

That and republicans only wanted to give $200 a week unemployment bennies.

Reportedly they offered $600 at some point.

I haven’t heard that.

For a clean bill is what I saw. May have been month by month.