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Trump Signs $900 Billion Pandemic Relief Bill

posted by martyb on Monday December 28 2020, @07:00PM   Printer-friendly
from the Hang-in-there dept.

An Anonymous Coward writes:

Many sources are reporting that Trump finally signed the pandemic relief bill:

Not gonna summarize all the bits in it - it's some 5k pages of legalese gobbledygook, but I understand it continues augmented unemployment benefits, eviction suspension, funding to prevent government shutdown, and another direct cash payment.

I'm sure it also has a bunch of "porky pork", but the people are suffering, time is of essence, and it should have been done months ago.

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  • (Score: 2, Informative) by Anonymous Coward on Monday December 28 2020, @11:05PM (4 children)

    by Anonymous Coward on Monday December 28 2020, @11:05PM (#1092232)

    Trump raised taxes on rich people in places like California, New York, and Massachusetts. They used to have an unlimited ability to deduct local taxes from federal taxes. Trump got that limited to $10,000 and tried to go lower.

    In that same effort, he increased the standard deduction. This helps the non-rich. Most people got lower taxes.

    Biden wants to undo that. Voting for him was voting for "trickle down", so I'm sure you didn't do that.

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  • (Score: 1, Touché) by Anonymous Coward on Tuesday December 29 2020, @09:06AM

    by Anonymous Coward on Tuesday December 29 2020, @09:06AM (#1092412)

    Wow, you sock puppeted that shit up to 2 and one sucker added another to get you to 3?

    Saddest troll around.

  • (Score: 0) by Anonymous Coward on Tuesday December 29 2020, @09:35PM

    by Anonymous Coward on Tuesday December 29 2020, @09:35PM (#1092632)

    lol

    "Trump made blue states pay a bigger share of the red state social programs, pissing on the principle of states rights. You should be grateful, because he also did something nice that was really obvious."

    "Also, even though he literally has never said he'd undo the increase to the standard deduction, he's totally going to because Republican politicians always oppose every idea the other side has even when it's good."

    There are real arguments to be made, but I'd be casting pearls before swine doing any more than mocking this tool.

  • (Score: 0) by Anonymous Coward on Tuesday December 29 2020, @09:54PM

    by Anonymous Coward on Tuesday December 29 2020, @09:54PM (#1092646)

    https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act_of_2017#Distribution [wikipedia.org]

    Want to try again?

  • (Score: 0) by Anonymous Coward on Wednesday December 30 2020, @05:31AM

    by Anonymous Coward on Wednesday December 30 2020, @05:31AM (#1092771)

    In that same effort, he increased the standard deduction. This helps the non-rich. Most people got lower taxes.

    Until two years ago. In 2019, those making the *least* started paying *more*. And in 2021, that will apply to those making less than $40,000/year. And by 2027, anyone making up to $75,000/year will be paying *more*. [wikipedia.org]

    Those making more than $75,000/year will continue to suck at the government teat indefinitely.

    And the corporate tax cuts, those are permanent.

    Yeah, Trump did the middle class a *huge* favor. Yeah, right.