- Joined
- Dec 16, 2019
Senate Republicans have unveiled their relief plan for dealing with this mess.
Cash payment of 1,200 dollars per person
500 dollars for dependent children
Full stop delay of all tax payment for the 2019 tax year until October of 2020 with no penalties.
A non-interest loan to all companies under 500 employees up to 10 million dollars
Now here is the big one. The Government will also offer to buy stock options in all businesses up to 425,000 dollars. To include private small businesses. In return, the US Government will be entitled to a share of future profits in the businesses commensurate to its stock stake in the companies for the next 2 years or until the buy in is fully discharged. Basically you can sell stake in your small business to Uncle Sugar for the next 2 years, and after those 2 years you can buy back the difference in the stock if Uncle Sugar has not made back in full what was given.
And assorted cash payouts to hard hit industries like the airlines.
Total appropriation is 1 trillion dollars.
![]()
I am actually more okay with Trump doing this, because it is more likely to be temporary just because he has a lot of businesses to pass on to his kids. Basically, I am hoping greed will make him roll it back.