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Senator McSally, I deeply admired your real courage when we were both young field grade officers, you in the Air Force and me in the Army. Your stand for the Constitution against the House of Saud and the Pentagon was principled and made a real difference. I greatly worry that you are on track to become a two-time loser in races for the US Senate. You can win big by returning to your roots and doing the right thing for millions of Arizonans. You must persuade Sen. McConnell to make personal and real small business “COVID-19 debt” 100% tax credit refundable on the next two quarterly tax payment dates: rent, mortgage, lease, and car/truck payments between the end of March 2020 and 1 July 2020.
The national and state executives, with the complicity of the Congress and state legislatures, crushed at least tens of millions of Americans’ lives, driving them into massive debt from which they cannot reasonably recover. All the federal programs so far have been good as far as they went, but did not get at the basic problem.
People are falling hopelessly behind on apartment/home rent, mortgages, business property leases, and car/truck payments. Make the property managers, mortgage holders, and vehicle note-holders an offer they cannot refuse. Make every dollar they forgive between the end of March and the end of June immediately 100% refundable on their quarterly tax payments at the end of June and September. This will be massive, but it is the actual cost of the decisions made by President Trump, affirmed by you, and the governors, affirmed by the state legislatures’ non-objection.
Sweeten the deal further for each state by also ordering the Department of Treasury to fully honor all state requests for 100% reimbursement for each state and local property tax payment documented as forgiven between the end of April and the end of September 2020. This will go a very long way to stabilizing the states’ finances, while pushing them to help their citizens.
Keep it simple. Add two provisions to encourage good behavior: create federal penalties for any credit agency accepting any such debt/delinquency report for the time period. Prohibit any attempt to collect any such debt for the relevant period, beyond a request or communication without threats. Everyone with good intentions should be happy to collect from the IRS instead of looking bad by pressuring people hurt by the government’s orders.
In short, decisively act on the side of the people of Arizona. Ask Senator Sinema to cosponsor this legislation. That way lays victory for Arizona, America, and you.
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