Coronavirus in the United States - news and thoughts

A backdoor way to enrich himself and provide a benefit to his wealthy friends. First, Trump's proposal wouldn't have any effect one way or the other until after the restrictions on social distancing are lifted and secondly, the businesses that really need the help like my neighborhood diner, pizzeria or Chinese restaurant wouldn't benefit anyway since I seriously doubt that they cater to diners eating and drinking on corporate expense accounts. It would benefit diners at restaurants like the ones located at Trump properties as well as benefit corporations which would now have an additional source of deductions. Another example of Trump never letting a crisis go to waste.

 

Here is a timeline and history of the ever changing positions from the right wing about COVID-19. Dome their own mouths. Alarm, Denial, Blame: The Pro-Trump Media’s Coronavirus Distortion

 

Global deaths crossed 50,000. 10% belong to the US (5300).

 

Come on man...

If a business owner is considering feeding his workers having the write off 100% certainly may get them to do it. Thus generating more demand for local restaurants..

Numerous offices may be motivated to order lunch for employees so they don't have to left and decrease outside contact

 

The deduction doesn't apply to business owners feeding their own workers. It's a deduction for the food and entertainment expenses for entertaining corporate clients. A business paying for the meals of its workers can already deduct the cost of those meals, including the cost of catering meals for its employees. Essentially Trump wants to restore the deduction for the proverbial 3-martini lunch.

 

I might have missed the link with an explanation of how that's different....
Not trying to argue, just curious on how a business owner notes what the difference is?

 

H

Here's a link with an explanation
Trump floats restoring full corporate tax deduction for meals as coronavirus derails restaurants

Most meals are still 100% or 50% deductible.
In any event legislation would be required to restore deductibility and my guess is that Congress will not give Trump what he is apparently requesting.

 

"Corporations are currently allowed to deduct 50 percent of the cost of meals, including for employees and current or potential customers or clients, so long as the meals “are are not considered lavish or extravagant,” according to "2018 gudiance from the IRS

Still don't see how its just for "Trump's rich buddies" but I don't know....

 

CNBC reporting that the Saudi's are saying that any reduction in production by them has to be matched by US producers.

 

Don't disagree. However, there are many young news consumers who've never experienced having to pay for news - never wrote a check for a subscription to the local paper thrown on to their parents' driveway, dropped coins into a "newspaper machine", or passed "coinage" across the counter of a convenience store to buy a paper from a rack. How are they going to be trained to pay for their online news service?

 

You must be mistaken. According to Fox, this is all brand new stuff.

Fox “straight news” show covers for the lethal incompetence of Georgia’s GOP governor

 

I guess we’re an honorary member of the cartel. We’re manipulating supply in broad daylight & bragging about it. Any industry that attempted this domestically would be in violation of the law

 

It may never happen. We have not figured it out yet.

 

True and the next time some tin pot dictator takes over KSA's neighbor we let them sweat it out or pay us to defend them....

 

If it weren't for our free and unfettered press we would have only the government and internet warriors and bloggers of unknown ethical stance to tell us what is going on. I pay for access to 2 newspapers online and buy the weekly local. Very bad time to be in the newspaper business. One reporter and one columnist friend of mine have lost their jobs in just the past 2 weeks.

 

Right-wing conspiracy theorist nutjobs are sending death threats to a doctor who's trying to save millions of lives and this is your reply?

 

Good to see you are over the jet-lag and back in good form.

 

Wait, where's the report about people being most infectious prior to development of symptoms?

 

Wanna be a little disturbed?

Coronavirus can spread through talking and possibly even breathing, experts tell White House
by: CNN Wire
Posted: Apr 2, 2020 / 08:34 AM PDT / Updated: Apr 2, 2020 / 11:45 AM PDT

A prestigious scientific panel told the White House Wednesday night that research shows coronavirus can be spread not just by sneezes or coughs, but also just by talking, or possibly even just breathing.

"While the current [coronavirus] specific research is limited, the results of available studies are consistent with aerosolization of virus from normal breathing," according to the letter, written by Dr. Harvey Fineberg, chairman of a committee with the National Academy of Sciences.

Fineberg told CNN that he will wear start wearing a mask when he goes to the grocery store.

"I'm not going to wear a surgical mask, because clinicians need those," said Fineberg, former dean of the Harvard School of Public Health. "But I have a nice western-style bandana I might wear. Or I have a balaclava. I have some pretty nice options."

Dr. Anthony Fauci, a key member of the White House's coronavirus task force, told CNN Tuesday that the idea of recommending broad use of masks in the US to prevent the spread of coronavirus is under "very active discussion" by the group.