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PUC bonus "relief" ($600/wk) is not means-tested; it's added to each claimant's unemployment insurance (UI) maximum benefit amt (% reported gross wage or salary) for duration "benefit year" in each state. Under-reported stat is which states did or did not enter into fed loan agreements to UI emergency programs.

NB. One provision of (R) R2 bill, eg. Grassley's, extends states' R1 forbearance and repayment periods. I've no idea how the 1,800 pp (D) bill modifies R1 loan terms or defines R2 terms of add'l "state aid"; PR simply promotes gross amount demanded.

Every UI claimant received $2,400/mo (Mar-July) regardless of HH size or state. PUC x1 alone exceeds 2020 purported average rent, $1,468, indicating E-W coast upper-bounds.

delta PUC ($2,400 - $800/person) isn't the eviction, foreclosure limiting factor; it's debtors' max UI benefit/mo. I speculate, "savvy" rental-property owners d/b/a LLCs and Cs have hedged tenant defaults with CARES Act SBA loan proceeds from retail lenders; MSM criticism of this program's admin and oversight has flewn over petty "sweetheart deals" to savage TBTFs. For them processing evictions is an accounting decision mitigating taxable income.

OTOH, tenant community militants stirred early reports of human barricades at district court entrances, organized to prevent resumption of proceedings and service. It's so GD I, so sad and futile, I think, unless judiciary devises some pretext to suspend dockets (as initially occurred) while legislators pull themselves together.

by Cat on Sat Aug 1st, 2020 at 01:23:19 AM EST
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