This is my stimulus update for Tuesday, May 5.
So I posted that video about Meet Kevin last night about his wild, baseless speculation that Trump “just implied” that the Emergency Money for the People Act is his “favorite,” and that’s complete B.S., and I told you why in that video, and I’m going to tell you what I think, based on facts and logic, would be Trump’s favorite relief proposal if he had to pick today — hint, hint, it’s something proposed by a Republican senator, not a House Democrat — but again, what I’m going to share later in this video is just my speculation, but unlike Meet Kevin’s, I think my speculation actually makes some sense, but you can be the judge of that.
But first let’s talk about the channel poll I took yesterday, so 10,000 responded and it looks like for the first time in the general poll, a majority of respondents have received their stimulus in a correct amount, with only 3% in an incorrect amount, leaving 43% who have not received a stimulus yet and 2% who are still waiting.
That is great, I’m very, very excited about that, and hopefully we’ll see that number jump up to over 60% next week.
Next, let’s talk about the many of you who said that hey, my spouse owes child support, and we’ve always filed injured spouse allocation, Form 8379, with our tax return, but still, our entire stimulus was seized, not just my spouse’s portion.
I previously told you that those in this situation should file another injured spouse because that was the best information we had at the time, however, the IRS just said this yesterday, that if you’re in that situation, that the IRS is working with various government agencies to resolve this issue as quickly as possible, and you do not need to take any action, and that you will receive your unpaid half of the stimulus when the issue is resolved.
So if you have filed injured spouse on your tax return, and you’re in this situation, you don’t have to take further action.
However, if you have not filed injured spouse on your tax return in the past, you should file injured spouse now because this statement from the IRS doesn’t apply.
Now, this is speculation, but this gives me a little bit of hope that the IRS is willing to send out corrected stimulus payments, we haven’t seen that before, will that apply to other situations, such as those of you with dependent children who didn’t get the $500 for them, I don’t know, we’ll have to wait and see.
Next up, last call for those on SSI and Veterans Benefits who do not file a tax return and who have qualifying children under the age of 17, today is the last day for you to use the IRS non-filers tool to fill that out so the IRS knows that you’re entitled to the $500 for each of your qualifying children.
Next, obviously I posted that video last night calling out Meet Kevin’s incredibly crappy logic to go from “Trump doesn’t like Omar” to Trump just implied his favorite plan is the Emergency Money for the People Act.
And some of you all were saying that I was slandering him and I’m participating in censorship and am against free speech.
Well, guess what? I love free speech, I’m the biggest fan of free speech there is.
But you know what I’m also a fan of? Accurate speech, sensible speech, speech grounded in facts and logic.
And if you think it’s fine for Meet Kevin to publish crap like that, then surely you should think it’s fine for me to publicly call it out as I have done — otherwise, by your own definition, you’re participating in the “censorship” you detest so much.
See how that works?
Look, speculation’s fine, as some of you have pointed out, and in terms of the next relief bill it is all speculation right now.
I have no problem with speculation as long as it’s sensible, right, and there is good logic to it and a rational thought process.
And I’m going to engage in a little bit of speculation right now, I’m going to tell you what I think Trump’s favorite proposal would be right now if somehow miraculously all the proposals had passed the House and the Senate, and he had to sign one today — not going to happen, but just in this hypothetical.
But I’m not going to sit here and tell you that Trump just implied this based off a Tweet, that’s B.S., this is just my speculation.
But my speculation is actually going to be sensible based on something that Trump actually directly said pertaining to stimulus and relief, not making mental gymnastics from Trump tweeting for the umpteenth time that he doesn’t like Ilhan Omar, going from there to “Trump is implying his favorite is the Emergency Money for the People Act.”
So humor me if you will, and let’s go back to this past Sunday, Trump’s virtual town hall at the Lincoln Memorial.
Yesterday I gave you a rundown of that town hall, and I told you that Trump said he told Mnuchin, “We’re not doing anything without a payroll tax cut.”
So, logically, it would follow that if you want to say, hey, this is the proposal that Trump would probably like if he had to pick one, it would probably be one that calls for a payroll tax cut, right, I mean he literally said, “We’re not doing anything without a payroll tax cut.”
Now, does the Emergency Money for the People Act call for a payroll tax cut? No.
Oh, but you you know what proposal does call for a payroll tax cut?
Yes, Romney’s Patriot Pay proposal, which I talked about over the weekend, and that’s fine, but another proposal, this one from Republican Senator Josh Hawley of Missouri, is called the Getting America Back to Work Act, and it calls for: “a refundable payroll tax rebate covering eighty percent of employer payroll costs for firms of all sizes affected by this crisis, applicable up to median wages.”
This would apply to workers laid off in March who are rehired in April or May by their former employers.
Just to clarify, unlike the Emergency Money for the People Act, the actual bill has not yet been drafted, and it might need some tweaking, some updating with respect to the specific dates, but my point is that this proposal is consistent with the Republican agenda right now to reopen the economy and get America back to work, listen to my first video from yesterday, that’s where Trump’s focus was in the town hall, the lady asked him, “I got laid off, haven’t got a stimulus, right now I’m feeding my kids with donations, Mr. President, is more help coming?”
And what did Trump say, Trump didn’t bring up $2,000 a month stimulus, he went directly to jobs, he told her, you’ll get a better job that pays more money, right, that’s exactly what he told her.
So I think we’d all agree that the Getting America Back to Work Act sounds a lot more up Trump’s alley than the Emergency Money for the People Act, right, if we had to speculate, right?
Oh, and one more thing, if we’re taking cues from Meet Kevin and basing our speculations off of Trump’s tweets.
Almost as much as Trump has tweeted his disdain for Ilhan Omar, he has tweeted his love and appreciation for Josh Hawley, so if we’re going off tweets, there you go.
So based on all this, I humbly submit to you my informed speculation that if Trump had to pick a “favorite” today, he’d pick the Hawley proposal, the Getting America Back to Work Act, not the Emergency Money for the People Act.
That is all for today, thank you all for your support, if you have no idea what I’m talking about when I talk about the Meet Kevin stuff, check out my video from last night, where I get into all of it.