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State of play on emergency aid/"bailouts" for big firms:

- WH & GOP want $50B 4 airlines

- They also want $150B for other hard hit industries

- WH has said it wants to help hotels & cruises

- Treasury would get authority to decide where the $150B goes

washingtonpost.com/us-policy/2020…
Talk today on the Hill and K Street that the $150 billion is likely to go up in the final package, given the devastating and widespread economic toll

washingtonpost.com/us-policy/2020…
Here's the section-by-section summary. Also worth noting the part that says there can be no grants or direct cash payments:
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More from @JStein_WaPo see all

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Jeffrey Stein
@JStein_WaPo
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/…
Read 4 tweets
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Jeffrey Stein
@JStein_WaPo
BREAKING: White House likely to push federal aid for shale companies hit by coronavirus/international energy shock

Trump confidante & oil billionaire Harold Hamm lost $2 billion yesterday. Hamm reached out to admin but says he didnt make “direct" contact

washingtonpost.com/business/2020/…
We have reported already that under consideration is some form of federal aid for the hospitality, travel, and cruise industries. Confirmed ysd by Trump

Top Wall Street executives, including Goldman Sachs' CEO, expected to visit White House tomorrow

washingtonpost.com/business/2020/…
Also: Trump and advisers have been taking calls since Monday from energy sector allies exasperated w/ oil prices & warning against sweeping paid sick leave policy

w/ @willenglund @StevenMufson @costareports

washingtonpost.com/business/2020/…
Read 4 tweets
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Jeff Stein
@JStein_WaPo
People are dramatically underestimating the scope and significance of the Trump administration's order on work requirements for Medicaid.

GOP-led states are gearing up to dismantle Medicaid in ways that go far beyond work requirements. Story coming soon
I spent last +24hrs combing thru GOP plans on Medicaid.

Here are some policies theyre aiming for:

- Impose new premiums on poor (like earning $5K/yr)
- Kick poor off who dont make payments
- Fines for "improper" ER use
- New fees 4 smokers

Story:
washingtonpost.com/news/wonk/wp/2…
Several states -- Wis., Maine, Ky -- want poorest of poor to pay Medicaid premiums

$8/month is virtually impossible if you're homeless

& then they'd lose insurance - for 6 months in some places, for 1yr elsewhere - for failure to pay
Read 6 tweets

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The Unruly Squirrel 💙's 🇺🇸
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So, I am so torn over this....

I, of course, never want to make light that suicide rates are up or that any one is in this (or any) kind of distress.

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finding the mercy in my heart that I know I am called to have.

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themuellerreport
@muellerreport19
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Rishi Bagree 🇮🇳
@rishibagree
As per Cong mouthpiece Indira Gandhi imposed #Emergency bcoz of Eco crisis,Unemployment, inflation & Foodgrain shortage
Million dollar question is who was responsible for such a pathetic situation of the country & particularly when d so called Iron Lady was ruling for last 10 yrs
Some data :

➡Average inflation rate during Indira Gandhi's 15 year tenure was 20%

➡Bank Interest rates were 16-18%

➡And with draconian Income Tax Slabs during Indira Gandhi times whatever you earned it belongs to government. This was the foundation of Black money generation
That is how the Nehru Gandhi Dynasty ruled.That is why they installed just 16 GW power in first 30 yrs of rule. Everything got taxed. No jobs after passing out. People looked to get scholarships & go abroad. 7 years wait to get scooter, telephone, gas, phone

Days of the Dynasty
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Friend or Foe?
@starknightz
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