Donald Trump ordered a payroll tax holiday for all workers through the end of the year. But like all Trump directives not all is what it seems. On September 1, workers were supposed to start seeing a 7.65% bump in their paychecks. Trump had ordered that the Social Security (6.2%) and Medicare (1.45%) payroll taxes… Read More Trump Payroll Tax Is Not Trickling Down To Workers
Today, the emergency $600 weekly federal unemployment stipend expires. As of now, Congress is unable to come to an agreement about how to move forward on stimulating the economy as the Coronavirus pandemic continues to destroy the economy. With the November elections less than 100 days away, it is surprising that the Republicans have put… Read More About Twenty Million Americans About To Go Hungry
In the coming days, the federal unemployment subsidy will expire. The subsidy provides $600 a week in unemployment benefits to workers impacted by the pandemic. The federal eviction moratorium will also be ending. Both are scheduled to end this week. Congress is now considering two competing stimulus packages with the House Democrats pushing a $3.5… Read More The Rental Eviction Tsunami
The question on many minds is whether the government will issue more stimulus checks to people or will there be more government programs to stimulate the economy. The country’s reopening of the economy became stalled as the Coronavirus re-surged in many states. Unemployment remains higher than normal. Adding to the stress of the economy is… Read More Second Stimulus Check?
I have never understood the appeal of getting on a cruise ship. Don’t get me wrong, I love to travel, and as I pilot, I love to fly. I have lived in several countries over the years and many more cities. All have been interesting experiences and I would encourage everyone to get out of… Read More Why Would Anyone Get on a Cruise Ship?
Those readers that are surprised by the high unemployment filings reported by the government on last Thursday have clearly not been paying attention. The numbers are the result of workers not working. The obvious culprit is COVID-19. The labor market is collapsing. Make no mistake about that. Goldman Sachs has updated its model and now… Read More The Corona Unemployment Numbers
Many readers are anticipating the stimulus checks that are expected to begin arriving in bank accounts in the next few weeks. The $1,200 for most taxpayers is welcome relief for the current financial crisis. But it is important to note that the money isn’t free. The stimulus checks are officially a credit for 2020 taxes.… Read More For Most The Stimulus Checks Are Not Free Money
There are many who argue that undocumented immigrants do not pay taxes and are a burden to American taxpayers. Many also argue that America does not need immigrant labor. But the facts betray these assertions as lies. Let’s see how the Internal Revenue Service (IRS) feels about the undocumented immigrants. In 1996, the IRA created… Read More Undocumented Immigrants Sustain The Country
America and the rest of the world is an economic crisis. Most of us understand this. For the politicians, the economic crisis is about the November elections. For the rest of us it is about how we are going to deal with the added expenses of keeping kids home and, for some of us, having… Read More My Debt Moratorium Proposal As A Stimulus Package