A real conservative politician would say, "Instead of giving everyone $1000 a month, just stop collecting Federal Income Tax. That way there;s no need to send out checks."
Of course, that would never fly.
A real conservative politician would say, "Instead of giving everyone $1000 a month, just stop collecting Federal Income Tax. That way there;s no need to send out checks."
Of course, that would never fly.
That only helps people who work! We can't have that!
That only helps people who work! We can't have that!
Exactly! We need to pander to our base!!!!!
Exactly! We need to pander to our base!!!!!
:)
In this case, I do think cash payments might be better. If you are laid off because of the shutdowns, then you're not getting a check, so there isn't any 'tax free bonus' that you'd see.
Now you could give an advance on future tax credits/payments. So all those people getting EIC etc... get it now, but can't get it when they file their 2020 taxes. That could work for everyone.
:)
In this case, I do think cash payments might be better. If you are laid off because of the shutdowns, then you're not getting a check, so there isn't any 'tax free bonus' that you'd see.
Now you could give an advance on future tax credits/payments. So all those people getting EIC etc... get it now, but can't get it when they file their 2020 taxes. That could work for everyone.
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