Phil Hogan is a Canadian and US CPA working with clients throughout Canada and the US. Phil advises on cross border tax and financial planning matters. Phil can be reached at phil@beaconhillwm.ca or via telephone at 778.433.1314. You can also read more about Phil at www.Beaconhillwm.ca/team/about-phil/
Democrats Propose Huge COVID-19 “Bazooka”
18 March 20 
Featured Wow, the Democrats have proposed significant stimulus in their March 18, 2020 memo to the House of Representatives. Some highlights include:
- $2,000 for each adult and $1,000 for each child per month
- Suspension of credit payments
- Credit facility available to help reimburse creditors
- Suspend all negative credit reporting
- Prevent debt collection
- $5 billion in support for homeless
- Ban all evictions
- Rental supports
- Forbearance for certain mortgages on rental properties
- $10 billion for community block grants
- $300 million to assist elderly households
- $290 million for fair housing enforcement
- Assistance for small business including, suspension of commercial rental payments, additional grants, tax rebates and CDFI funding
- Ban on stock buybacks
To read the full House Democrat report please click here.
This story is developing, check back for more updates soon.
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