That's not what they're for. This Administration is so filled with such pieces of **** they manage to make a five star **** up of giving people money
Not sure this an administration thing. No need to pile on, it distracts from the actual things they have done.
I heard they will accept sharpied zeros in your stimulus check because Trump has already endorsed it!
Former reality TV show host casts himself as the generous monarch. The Treasury Department has instructed the IRS to print Trump’s name on the “memo” line of the stimulus checks it will soon mail out to tens of millions of people. According to multiple IRS officials, this decision will delay the issuance of paper checks as the IRS information technology team needs to make a programming change before the checks are passed to the Bureau of Fiscal Service for printing and issuing. Chad Hooper, national president of the IRS's Professional Managers Association, told The Washington Post that “any last minute request like this will create a downstream snarl that will result in a delay.” https://www.forbes.com/sites/shaharziv/2020/04/15/trumps-narcissism-may-delay-your-1200-stimulus-check/#5ed462226180
All the Treasury Dept had to do was tell them not to do it. Instead, they told them that there's nothing legally preventing them from doing it. Some background: The federal law known as the CARES Act, which authorizes the stimulus, says federal and state governments may not seize the payments to satisfy tax debts, but there isn't a similar provision for private debts. This means that debt collectors, under a court arrangement known as garnishment, could ask banks to turn over the money to satisfy debts for medical bills, student loans, car payments, or other overdue bills. In response, a coalition of attorneys general led by New York's Letitia James sent a letter asking treasury secretary Steven Mnuchin to issue regulations barring debt collectors from seizing the payments. This would put the one-time stimulus payments in the same category as Social Security payments, which are likewise mostly exempt from seizure. https://fortune.com/2020/04/13/stim...ve-coronavirus-checks-cares-act-irs-treasury/ eta: The Treasury Department effectively blessed this activity on a webinar with banking officials last week. In audio obtained by the Prospect, Ronda Kent, chief disbursing officer with Treasury’s Bureau of the Fiscal Service, can be heard explaining that banks had posed questions to her about “whether these payments could be subject to collection from the bank to which the money is deposited, if the payee owes an outstanding loan or other payments to the bank.” She responded—twice—that “there’s nothing in the law that precludes that action,” while counseling that the banks’ compliance officers should consult with their legal offices about what policies their banks will implement. “You will want to know for your bank what your bank has decided to do,” Kent said. https://prospect.org/coronavirus/banks-can-grab-stimulus-check-pay-debts/ Some states and localities (including Texas) have passed recent legislation to prevent banks from seizing these funds.
Trump's name on the CDC guidelines and stimulus checks are simply more abuse of his office for personal and political gains. Of course the bunch of hypocrites that call themselves republicans are silent on all of it.
I am not reading that as all the Treasury dept had to do was tell them not to do it but that it had to be written in the law. I could just be misunderstanding it. Not saying this is right but it looks like an oversite and nobody is really coming out against adding the provision.
The Treasury Dept has the authority to issue regulations preventing this action by banks. Nobody else needs to be involved, or vote on it, or approve it. Read the letter linked above. Congress should have put this into the legislation, but for whatever reason did not..."legislative oversight" they say.
This is my belief as well but even in what you posted She is just stating what is written into the bill. She responded—twice—that “there’s nothing in the law that precludes that action,” while counseling that the banks’ compliance officers should consult with their legal offices about what policies their banks will implement. “You will want to know for your bank what your bank has decided to do,” Kent said.
Not what I'm talking about...read the letter the AGs and Senators sent to Mnuchin. It's the link that says "a letter". Fortunately, the CARES Act contains a built-in mechanism for rectifying such oversights, by authorizing Treasury to issue “regulations or other guidance as may be necessary to carry out the purposes of this section.”4 4 See CARES Act § 2201(h) Oh that's definitely true. My sole point is that the Administration can stop this within the hour if they choose to.
