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Sarcasm......
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Coronavirus (Stay on Topic)
- Thread starter GaWx
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There is a Russia / Saudi oil standoff that is probably affecting the market more than the virus
Webberweather53
Meteorologist
Payroll tax cuts only benefit people that are actually working and if the economy starts to decline (which it probably will later in the spring) then you get laid off of work, it does absolutely no good, not to mention if consumers are going out and spending less because of CoV-19, that money is not going to recirculate into the economy. Furthermore, this is going to exacerbate the national debt crisis and widen the federal budget deficit. It’s a nice idea but there are better solutions to this problem (like imposing tariffs on foreign oil imports).
However I do not disagree that payroll taxes should be eliminated for low to medium wage earners who constitute a small fraction to the federal tax base
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Heelyes
Member
So the tax cuts will end the standoff?
Wrong again from the bird man ... UNC system is meeting and has already told teachers here at UNCC that the online transition will happen by monday
Webberweather53
Meteorologist
That’s definitely a hot take there especially considering most global stock markets were already taking on large losses before this price war started. Like I said earlier, we need to slap a large tariff on foreign oil imports s.t federal budget increases and the prices make it competitive enough for domestic oil, shale, & energy companies to stay afloat during the price war.
I'm right here... I love the idea and I'd also love to see gov't cut spending. Easier said then done though, anytime they try, some group then complains the government cut spending and isn't doing enough. It's a danged if you do, danged if you don't scenario... but I'll leave it alone. Wrong thread, I guess... Idk anymore. Seems, politics, corona and stocks all go hand in hand these days.
NCHighCountryWX
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Most cases of COVID-19 are reportedly “mild,” but that term can be misleading. As the World Health Organization adviser Bruce Aylward clarified last week, a “mild” case of COVID-19 is not equivalent to a mild cold. Expect it to be much worse: fever and coughing, sometimes pneumonia—anything short of requiring oxygen. “Severe” cases require supplemental oxygen, sometimes via a breathing tube and a ventilator. “Critical” cases involve “respiratory failure or multi-organ failure.”
Yellow Snow
Member
With shale production exploding the past decade or so, the US is no longer a major importer of OPEC products; countries in the Asia-Pacific region are now the primary OPEC customers (which is a big reason why OPEC is hurting so badly right now, due the major decline in economic activity - and the resultant decline in energy demand - in that region from the pandemic).
Sandbar
Member
I think the idea behind any tax relief is due to people possibly having to miss time at work and have their lives disrupted. Most people don't pay their bills off of the stock market
Any insider news? Both of my girls are at Campbell University and they are potentially preparing to go online with all classes.... stupid virus, there's goes the empty nest.
D
Deleted member 1449
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Any insider news? Both of my girls are at Campbell University and they are potentially preparing to go online with all classes.... stupid virus, there's goes the empty nest.
nothing new. I think it's just a wait and see sort of thing from here. Also, I think that when any closures occur, it will not be statewide, and probably not even system-wide. The way it was explained to me is that it would happen school-by-school. Of course, all of this could change depending on how things evolve from here.
Nerman
Member
“I can say we will see more cases and things will get worse than they are right now,” Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told the House Oversight and Reform Committee at a hearing on the nation’s preparedness for the outbreak.
How much worse depends on two things, he said: containing the influx of infected people coming from other countries and containing local outbreaks within the U.S. “Bottom line is it’s going to get worse,” he added. —Lovelace, Higgins-Dunn
How much worse depends on two things, he said: containing the influx of infected people coming from other countries and containing local outbreaks within the U.S. “Bottom line is it’s going to get worse,” he added. —Lovelace, Higgins-Dunn
NCSNOW
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Theres plenty of federally funded programs that can be slashed temporairly, some permanetly in my opinion to help offset to a degree.People will ask where the money is going to come from since we already have a ballooning national debt that is over 1Trillion annually. It won't be the conservative Tea Party that packed their fiscally conservative bags and went home after Trump got elected.
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US Debt by President: Dollar and Percentage
Depending on how you measure it, different presidents have added to the national debt. Check out how the national debt has increased by year and president.www.thebalance.com
This should probably be moved to political or stock market thread.
His biggest obstacle to doing this will be his own party. Will have to have bi-partisan suport to garner enough votes. We all know in an election year that aint happening cause his opponent wants to see a crash n burn.
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Interestingly enough, my wife did point out to me that they have enough Chrome books for all students, so if they did go online it wouldn't be as difficult as I thought it might be. Not sure every system has that and frankly I was surprised our District here had that
103 year old woman cleared of coronavirus after treatment. Oldest on record to recover so far.
Heelyes
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The problem is not everyone has internet at home. This was part of the discussion the school boards are having.
NCSNOW
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Kudlow said last night in meetings all ootions are on the table and Trump is willing to throw the kitchen sink at the virus. Economically, Health Management standpoint, freeing up any regs in the way of private health sector etc.
NCSNOW
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Health officials called to 'emergency meeting' at White House- Rep. Maloney
by Reuters
Wednesday, 11 March 2020 14:03 GMT
NEW YORK, March 11 (Reuters) - Health officials scheduled to testify at a congressional hearing on the fast-moving coronavirus outbreak on Wednesday are being called to an "emergency meeting" at the White House later today, Rep. Carolyn Maloney said, noting that the hearing would have to end early.
The witnesses, who include National Institute of Allergy and Infectious Diseases Director Anthony Fauci and Centers for Disease Control and Prevention Director Robert Redfield, will have to leave early, so the meeting will end at 11:45 ET, she said.
Maloney said that she did not have additional details about the meeting, except that it is urgent
by Reuters
Wednesday, 11 March 2020 14:03 GMT
NEW YORK, March 11 (Reuters) - Health officials scheduled to testify at a congressional hearing on the fast-moving coronavirus outbreak on Wednesday are being called to an "emergency meeting" at the White House later today, Rep. Carolyn Maloney said, noting that the hearing would have to end early.
The witnesses, who include National Institute of Allergy and Infectious Diseases Director Anthony Fauci and Centers for Disease Control and Prevention Director Robert Redfield, will have to leave early, so the meeting will end at 11:45 ET, she said.
Maloney said that she did not have additional details about the meeting, except that it is urgent
Yellow Snow
Member
Speaking of taxes, today there's some good news from the IRS (definitely not words I'm used to saying):
"IRS said that health plans that otherwise qualify as HDHPs will not lose that status merely because they cover the cost of testing for or treatment of COVID-19 before plan deductibles have been met. The IRS also noted that, as in the past, any vaccination costs continue to count as preventive care and can be paid for by an HDHP"
www.irs.gov
"IRS said that health plans that otherwise qualify as HDHPs will not lose that status merely because they cover the cost of testing for or treatment of COVID-19 before plan deductibles have been met. The IRS also noted that, as in the past, any vaccination costs continue to count as preventive care and can be paid for by an HDHP"
IRS: High-deductible health plans can cover coronavirus costs | Internal Revenue Service
IR-2020-54, March 11, 2020 — The Internal Revenue Service today advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status.
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