Thread by @robertwolf32

Hi @SRuhle thanks for the shout out

Here is a framework for stimulus package that I have been discussing w @RoKhanna & @TimRyan

1. Right now protect small business & cover loss wages via cash, grants, loans –needs to be well north of $1 trillion

2. Post 3 months :
Rid sales tax & lower payroll tax to stimulate demand

3. 6+mo: Treasury should issue coronavirus recovery bond where proceeds go to help those individuals & small business impacted.
Act 2009 - Build America Bonds.

Let's invest to help USA make the rate a little higher than savings account so those at or near retirement earn a little more income.

recall:
WWI - Liberty Bonds.
WWII- Defense / War Bonds.
NYC Post 9/11- Liberty Bonds.
Great Recession/ Recovery Act 2009 - Build America Bonds

On Corporate #Bailouts
1.Govt debt must be senior to all other debt holders incl 1x liquidation preference
2.Debt must include warrant coverage as equity kicker
3.Strict covenants & restrictions on stock buybacks, dividends & CEO/exec pay
4.Labor & Healthcare standards assured

This package has immediate, mid term & long term solutions.
It is transparent & non partisan.
It doesn’t put tax payers v small biz v large biz.
It’s big & bold ! 🇺🇸