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They are supposed to be working out some sort of proxy vote scheme so they don't all have to physically be there.
When the House passed the $2.2 Trillion bill in late March, they wanted to do it by proxy, but a grand-standing Congressman forced them to fly back to Washington to vote in person. This delayed the bill's approval a bit.

""The bill passed the House today after Rep. Thomas Massie (R-KY) took the unpopular step of blocking a voice vote that House members could conduct remotely. House lawmakers quickly returned to Washington to appear in person Friday, where they spread out in the galleries above the House floor for safety. The bill passed with a quorum of more than 216 members of the House present.""

Source Article: https://techcrunch.com/2020/03/27/cares-act-stimulus-package-covid-19/

Hopefully, there will NOT be any unnecessary hurdles this time.
 

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When the House passed the $2.2 Trillion bill in late March, they wanted to do it by proxy, but a grand-standing Congressman forced them to fly back to Washington to vote in person. This delayed the bill's approval a bit.
Just to let you know, the article you referenced botched the facts a bit. In point of fact Massie blocked a Unanimous Consent "vote". The house wanted to pass one of the largest spending bills in history without having each member go on record with their vote. This forced the House to physically gather enough members in chamber to make a quorum. The house then passed the bill by voice vote.

I posted an opinion on this process here. This NY Times piece gets the story more accurately, and believe me, it is not favorable to Massie.

What would have been really impressive in my book would have been for our country's leaders to set an example of how to behave when it is essential to travel, and have seen each member mask up and practice social distancing all the way to Washington. For once set an example people.

I applaud Massie's action. There was so much stupidity and pork packed into the bill I for one would have preferred to see some debate and iteration take place before each member went on the written record with their vote. What could have been done better? Perhaps they could have added a provision so that the bulk of PP funds did not end up missing its target of small business employee relief. Perhaps the bill could have added means testing across the board so that situations such as loans that do not require repayment, ever, or $600 a week premiums on top of regular unemployment benefits didn't make it more profitable to refuse to work (in essential jobs) than to sit at home. There was just a post somewhere else on this board about a restaurant manager who couldn't reopen for takeout because staff was not even returning his phone calls.

There is going to be some kind of price paid for firing up the printing presses and printing trillions of dollars out of thin air to fund this poorly thought out legislation. There is no free lunch. Just ask Weimar Germany, Venezualia, Zimbabwe, and even the Roman Empire, just to name a few.
 

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Just to let you know, the article you referenced botched the facts a bit. In point of fact Massie blocked a Unanimous Consent "vote". The house wanted to pass one of the largest spending bills in history without having each member go on record with their vote. This forced the House to physically gather enough members in chamber to make a quorum. The house then passed the bill by voice vote.

I posted an opinion on this process here. This NY Times piece gets the story more accurately, and believe me, it is not favorable to Massie.

What would have been really impressive in my book would have been for our country's leaders to set an example of how to behave when it is essential to travel, and have seen each member mask up and practice social distancing all the way to Washington. For once set an example people.

I applaud Massie's action. There was so much stupidity and pork packed into the bill I for one would have preferred to see some debate and iteration take place before each member went on the written record with their vote. What could have been done better? Perhaps they could have added a provision so that the bulk of PP funds did not end up missing its target of small business employee relief. Perhaps the bill could have added means testing across the board so that situations such as loans that do not require repayment, ever, or $600 a week premiums on top of regular unemployment benefits didn't make it more profitable to refuse to work (in essential jobs) than to sit at home. There was just a post somewhere else on this board about a restaurant manager who couldn't reopen for takeout because staff was not even returning his phone calls.

There is going to be some kind of price paid for firing up the printing presses and printing trillions of dollars out of thin air to fund this poorly thought out legislation. There is no free lunch. Just ask Weimar Germany, Venezualia, Zimbabwe, and even the Roman Empire, just to name a few.
Yes, even the voice vote has shielded all the House members from accountability for their votes. Not sure why the Senate voted normally but the House couldn't. As for the $600, they just took the average unemployment award vs the average weekly take home, and that comes out to about $600, so that's what they went with. Lindsay Graham tried to point out how that by giving people so much extra money, they'd be better off staying home than working, but he was harshly criticized by so many people. Yet, in the end, it's turned out he was right. $600 is actually my after gas take home goal each week, so if I can get that from unemployment and not drive sick people around putting myself in danger and extra wear on my car, of course I'm taking it.

Is thia grant or loan? Do you have to pay it back?
For the EIDL program, you are applying for a loan, but the SBA is sending $1000 per employee as a grant, up to $10,000. So you get the $1000 upfront, then get approved or denied for the loan. Either way you keep the money they fronted you as a grant. It's basically like a bonus just for applying for the loan, whether or not you end up actually taking the loan. At this point millions of people have applied, not sure they are even taking more applications. My application was 1,004,xxx, and it took them 3 weeks from the date I applied to check my credit. No money yet.
 

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Is the SBA EIDL Grant taxable income?

I am asking because supposedly self-contractors are eligible based off what this video says:


It is interesting video.
just talked to SBA,they are not taking any new applications right now,if you applied before they ran out you are still in the system and its being processed
 

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I just checked the SBA website. As of April 20th, they had processed 755,000 of the EIDL advances. So if you applied and your application # is higher than that, that's why you haven't gotten anything yet. They are going on a first come first served basis.

Politico is reporting that Marco Rubio says SBA lending should restart on Monday after Trump signs the new stimulus Congress just passed yesterday.
 

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So I applied for this when this first came out. It said 10,000 at the time. Then I got an e-mail saying that it is 1,000.00 per employee because of the # of applicants. And in the e-mail it said just for applying I would get 1,000.00. But the last time I checked my account there was no money.
 

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So I applied for this when this first came out. It said 10,000 at the time. Then I got an e-mail saying that it is 1,000.00 per employee because of the # of applicants. And in the e-mail it said just for applying I would get 1,000.00. But the last time I checked my account there was no money.
SBA ran out of money. Congress just approved more on Friday. So starting tomorrow SBA should be back to handing out money. They only managed to hand out about 750,000 grants out of the initial batch, so there are probably still millions of applications that haven't been processed yet. They are going in a first come first served manner, so at least that is good.
 

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So I applied for this when this first came out. It said 10,000 at the time. Then I got an e-mail saying that it is 1,000.00 per employee because of the # of applicants. And in the e-mail it said just for applying I would get 1,000.00. But the last time I checked my account there was no money.
Due primarily to social media, (like this forum, Twitter, etc..) the number of EIDL applications ramped up to a staggering number the first week the grant was available.

I applied for one 1099 business on 3/31/2020. Applied for my other 1099 business on 4/4/2020. The difference between the two application numbers is 1,300,000...there were that many applications submitted over that 5 day period. The 3/31/2020 application yielded $1,000 to my bank account on 4/20/2020.

Nothing yet for the April 4th application. (And maybe nothing coming, since both business's tax IDs are my Social Security Number.)

SBA ran out of money. Congress just approved more on Friday. So starting tomorrow SBA should be back to handing out money. They only managed to hand out about 750,000 grants out of the initial batch, so there are probably still millions of applications that haven't been processed yet. They are going in a first come first served manner, so at least that is good.
From the look of the EIDL page at the Small Business Association website, I don't think the SBA is going to re-open the Grant Application process again. The backlog is just too great.

SBA's EIDL page: https://www.sba.gov/funding-program...onomic-injury-disaster-loan-emergency-advance
 

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Due primarily to social media, (like this forum, Twitter, etc..) the number of EIDL applications ramped up to a staggering number the first week the grant was available.

I applied for one 1099 business on 3/31/2020. Applied for my other 1099 business on 4/4/2020. The difference between the two application numbers is 1,300,000...there were that many applications submitted over that 5 day period. The 3/31/2020 application yielded $1,000 to my bank account on 4/20/2020.

Nothing yet for the April 4th application. (And maybe nothing coming, since both business's tax IDs are my Social Security Number.)


From the look of the EIDL page at the Small Business Association website, I don't think the SBA is going to re-open the Grant Application process again. The backlog is just too great.

SBA's EIDL page: https://www.sba.gov/funding-program...onomic-injury-disaster-loan-emergency-advance
I got the $1000.00. When I checked last week there was nothing there. But now, I have to investigate how this will affect me for my 2020 taxes
 
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