Stimulus Plan
My ideas for the stimulus being put together:
Suspend all mortgage and rent payments. Government to cover the accumulated interest.
Make employers pay out accumulated Leave to laid off employees.
Money for state unemployment agencies to handle the massive influx of applicants.
Laid off employees are eligible to sign up for Medicare. When hired or rehired, they may opt for employer plan or to keep Medicare. If they keep Medicare the employer must pay the employee the employer healthcare contribution amount they currently provide those on the company plan.
any corporation getting relief must give the government stock options just like the auto bailout, so we get paid back. They must also pay an alternative minimum tax.
Send the checks out to everyone. Recover the amount for those over certain levels based upon tax filing next year with full deduction if the check is donated to covid-19 related charity. It must be donated the same month payments are received to qualify. This eliminates time and administrative waste of means testing up front.
We need to also pass a massive infrastructure spending bill. Borrow two trillion and appropriate it now. It will take months to actually start being spent but will help and we need to do it anyway. This will kick in once we are trying to get back to normal.
Pay it off over ten years with an increase in the gas tax. Take advantage of the low prices currently. Add a financial transactions tax as well. This will help curb the market volatility as a side effect.
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