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Jeffrey Stein

@JStein_WaPo

, 4 tweets, 2 min read

My Authors

GOP bill on immediate checks:

-- $1,200 per person ($2,400 if filing jointly)
-- $500 per kid
-- Begins to phase out above $75K
-- Phases out completely above $99K
-- Much smaller benefit, of $600, for millions w/o federal tax liability

Also key: whether you qualify depends on your *2018* IRS tax returns. Some experts have asked: What if you made above the threshold then but because of coronavirus make below the threshold now?

washingtonpost.com/business/2020/…

Another key point: GOP legislation only calls for a onetime check, rather than recurring checks for the duration of the crisis as in Bennett/Brown/Booker (D) plan)

Sen. Grassley statement suggests they could revisit if necessary

washingtonpost.com/business/2020/…

@ernietedeschi

@ernietedeschi

Early analysis of GOP plan from @ernietedeschi, a former Obama administration economist:

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Heh heh, the Amazing Yuripridio, world-conquering hypnotist

But we must be careful on this. I have a PhD student at #ORBITA hq called Frances Wood. I met her first as a manager in a research unit a few years ago. She was the nicest, kindest person there, who would always make me tea when I visited anyone in the unit.

By and by, she wrote a PhD proposal with me. She was a trained nurse, as many of that unit's staff are. But when we submitted the grant, I discovered in her CV that she was also secretly a trained psychologist.

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