Ice Cube goes Tea Party. Has some advice for Washington's next stimulus bill.
The CARES Act was the biggest Main Street bailout in the history of American economic crises, and it was as heavily written by Democrats as Republicans.for four months to those receiving state unemployment benefits, or $2,400 per month. That is more than all part time and most full time retail employees earn on a monthly basis.
Here’s an example of the “rich” that got stimulus: Vijay Chandran, CFO of Zenfoods, a Sun Valley, California fresh food delivery service with 40 employees. But a lot of that money sitting in checking and savings will eventually go right back to the IRS. If Ice Cube has $100,000 sitting in cash from his labor from January to June, about $30,000 of it is going to Uncle Sam.
Barclays thinks that President Trump’s call for a temporary payroll tax cut would be the quickest and relatively efficient way to give money directly to people who are still employed.
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