The Truth About Your ‘Rona’ Checks
Junious Ricardo Stanton
“Tens of millions of Americans have not provided the IRS with their banking account information, if they have one. Some of these people have filed taxes, so they should eventually receive money but will have to wait weeks or even months for a check to come in the mail.” Millions of Americans Might Not Get Stimulus Checks. Some Might Be Tricked Into Paying Turbo Tax To Get Theirs –Justin Elliott and Paul Kiel https://www.propublica.org/article/millions-of-americans-might-not-get-stimulus-checks-some-might-be-tricked-into-paying-turbotax-to-get-theirs
The coronavirus is being used as a cover for the greatest rip off and transfer of wealth in this nation’s history and that’s saying something considering all the bailout rip offs we’ve experienced over the years. In recent decades there have been so many it’s hard to keep track, but here is a link to a site that will give you some idea how taxpayer dollars have saved whole industries but we the people didn’t get anything out of it: https://www.fool.com/investing/general/2011/04/05/a-history-of-us-government-bailouts.aspx.
The CARES ACT is an even bigger boondoggle to benefit the .001% and their minions while Joe and Jane Sixpack get the shaft. If you are looking for a “‘rona check” don’t be too disappointed if you don’t get one. Contrary to what the corporate media/ mind control/propaganda apparatus is telling us, many Americans don’t qualify for the stimulus check and if they do it will be difficult for them to access the money.
There are numerous reasons for this but here is the bottom line, “Congress has approved billions of dollars of checks for Americans hard hit by the biggest round of layoffs in U.S. history. But millions of Americans will have to wait months for that money — and millions more may never get the money at all. That’s because the rescue legislation left it to the IRS, an agency gutted by Congress, to organize the complex logistics of delivering the money to those entitled to it. As the IRS has struggled, for-profit tax preparation companies, notably Intuit, the maker of TurboTax, have stepped in with websites to help people get their checks. But Intuit is not just acting as a conduit: It is also misleading unwary Americans by steering them to paid services that they could otherwise get for free…Tens of millions of Americans have not provided the IRS with their banking account information, if they have one. Some of these people have filed taxes, so they should eventually receive money but will have to wait weeks or even months for a check to come in the mail. Another group of Americans did not file taxes because they make so little money. Getting stimulus checks to them, an estimated 6 million households, is challenging. They now must file a new form online notifying the IRS who they are, or the tax agency has to find them. If they don’t, these people will never get the checks of $1,200 and up. The CARES Act, passed in late March, did not provide any mechanism to reach many of these low-income Americans.” https://www.propublica.org/article/millions-of-americans-might-not-get-stimulus-checks-some-might-be-tricked-into-paying-turbotax-to-get-theirs
Meanwhile many major publicly traded corporations that already have money, banking contacts and thousands of employees are getting “stimulus” money ahead of the small and medium sized businesses that need it the most. It was such a boondoggle for the big boys, the money ran out in three days so Congress had to scramble to come up with more money (from who knows where) to support small businesses.
“News that the $1.6 billion Shake Shack burger empire had received a maximum $10 million loan ignited public anger. Company executives said late Sunday they would return the money after finding other sources of capital. By design, the Paycheck Protection Program was meant to get money out quickly to as many small businesses as possible, using a formula based in part on workforce and payroll size. Some of the eligibility criteria was expanded, making it possible for some businesses with more than 500 employees to qualify if, for example, they met certain size standards for their industries or other conditions. The owners behind large restaurant chains like Potbelly, Ruth’s Chris Steak House and Taco Cabana were able to get the maximum $10 million in loans despite employing thousands of workers. Some other big companies that received loans appeared to have enough cash on hand to survive the economic downturn. New York City-based Lindblad Expeditions Holdings, for example, a cruise ship and travel company with 650 workers and a branding deal with National Geographic, got a $6.6 million loan. At the end of March, the business reported having about $137 million in cash on its balance sheet.” Publicly Traded Firms Get$ 365M in Small Business Loans By REESE DUNKLIN, JUSTIN PRITCHARD, JUSTIN MYERS and KRYSTA FAURIA https://apnews.com/6c5942eec36cc43b25ad5df5afebcfbd
This is just the tip of the iceberg as I mentioned last week. The really humongous rip offs are occurring with the Wall Street banks, their hedge fund and investment house buddies with straight up fraud, fees and service charges. This is why many of us aren’t getting a stimulus check because the fix was in and like most of the bail outs in the past, the taxpayers are the suckers who will be taken to the cleaners by the crooks and con men. https://www.washingtonexaminer.com/opinion/op-eds/cares-act-is-good-news-for-bad-actors