Trump Senate defense: the American people already rejected me
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@jon-nyc said in Trump Senate defense: the American people already rejected me:
@george-k said in Trump Senate defense: the American people already rejected me:
@catseye3 I forgot to mention the stimulus checks going to prisoners.
Just like the Cares act.
I had no idea, obviously.
I don't understand the thinking behind this, however. What are they cough going to stimulate, pardon the expression(s).
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I just heard that farmers' will have loan forgiveness of up to 120% of the loan.
If they're of the correct heritage, of course.
White folks need not apply.
https://www.farmprogress.com/farm-policy/covid-relief-bill-includes-16b-farm-aid-payments
he loan forgiveness for Black farmers was debated intensively throughout the markup, with much of the discussion coming from Rep. Austin Scott, R-Ga., who says the funds would lead to reverse discrimination if USDA would forgive 120% of all outstanding USDA loans for farmers of color. “As this pushes forward, courts have ruled Congress cannot discriminate on race,” Austin Scott says, adding there are no distinction that farmers have to prove discrimination and payments would be based solely on a producers’ skin color.
Rep. Randy Feenstra, R-Iowa, filed an amendment to reduce the amount of debt forgiveness from 120% of debt which was included by Chairman Scott to account for the tax consequences of debt relief to 100%. Forgiveness of a debt can be a tax event for the farmers leaving them to bear the burden of the tax liability which is why Scott says the 120% is warranted.
Forgiving 120% of loans could also lead to a dangerous precedent, Austin Scott explains. USDA has already settled in the Pigford case which in 1997 and 2010 paid out over $2 billion in discriminatory claims to Black farmers.
Because
reparationsracism. -
@george-k said in Trump Senate defense: the American people already rejected me:
https://www.farmprogress.com/farm-policy/covid-relief-bill-includes-16b-farm-aid-payments
he loan forgiveness for Black farmers was debated intensively throughout the markup, with much of the discussion coming from Rep. Austin Scott, R-Ga., who says the funds would lead to reverse discrimination if USDA would forgive 120% of all outstanding USDA loans for farmers of color. “As this pushes forward, courts have ruled Congress cannot discriminate on race,” Austin Scott says, adding there are no distinction that farmers have to prove discrimination and payments would be based solely on a producers’ skin color.
Rep. Randy Feenstra, R-Iowa, filed an amendment to reduce the amount of debt forgiveness from 120% of debt which was included by Chairman Scott to account for the tax consequences of debt relief to 100%. Forgiveness of a debt can be a tax event for the farmers leaving them to bear the burden of the tax liability which is why Scott says the 120% is warranted.
Forgiving 120% of loans could also lead to a dangerous precedent, Austin Scott explains. USDA has already settled in the Pigford case which in 1997 and 2010 paid out over $2 billion in discriminatory claims to Black farmers.
Because
reparationsracism.Also because of TDS. Scott and Feenstra are the sort who didn’t register any objection when Trump doled out more than $40B in farm subsidies to bail farmers out of the hole he dug by conducting his stupid “trade war” with China. Pandemic is a much more justifiable reason to dole out subsidies than self-inflicted trade war.
