nikcers
Member
- Joined
- Feb 1, 2015
- Messages
- 14,411
The CARES Act was ~$2 trillion of cash gifts and subsidized loans (many of which will become gifts).
Here's a nice visual representation of where the money went.
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https://www.visualcapitalist.com/the-anatomy-of-the-2-trillion-covid-19-stimulus-bill/
As for "tax cuts," the one's Trump's proposing (payroll), there's no such thing without spending cuts.
If he cuts the payroll tax, all that does is increase the inflation tax, since the lost revenue will be covered by Fed money printing.
The Trump checks were a tax credit. You are now conflating Obamas bail outs with the tax credit people who pay taxes received. It was a tax refund. Dont move the goalposts.