Mnuchin says the tax holiday won’t be part of CARES 4.0, but may be in CARES 5.0. Here’s what else he said about the next round of stimulus this Thursday…
Half Dollar’s Note: Wow! Not to hijack this article, but Gold is in the $1890s right now:
Which is less than 2% from ALL TIME RECORD HIGHS!
Zooming-out:
We’re very, very close.
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(by Half Dollar) Payroll tax holiday?
Not in version 4.0.
But it may be in version 5.0, says Mnuchin.
In speaking with CNBC this Thursday morning, Treasury Secretary Mnuchin said that, among other things:
Including: “the President’s preference is to make sure we send out direct payments quickly, so that in August, people get more money”.
Mnuchin also said Americans spent the first CARES stimulus direct deposit money at small businesses.
Hypothetically speaking, and not to be taken as a suggestion, or advice, or whatever, but anybody willing and able to save any direct federal fiscal stimulus, (AKA ‘free money’), that finds its way into one’s bank account, might want to buy real money, physical gold or physical silver, that is, hand over fist.
Additionally, on the subject of bail-outs, Mnuchin said “states have the ability to tax…It’s unfair for states like Florida to be bailing out states like New York”:
Translation: States can’t print money, but we can, and we’ll decide where it goes, so too bad for you, suckas!
However, you know what they say about payback, right?
Because that’s what the “lunatic left” is going to do in reciprocity when the Deep State Globalists decide it’s their turn to play Money-God.
Developing…