Up to $70 Free with Public: https://metkevin.com/public ✋💎🤚41% OFF Kevin's Programs on Making Money, Passive Income, and Wealth: https://metkevin.com/join Coupon Code 🩺🩺🩺StockDoc🩺🩺🩺✋💎🤚
FREE STOCK: https://metkevin.com/public Valid for US residents 18+. Subject to account approval. See https://Public.com/disclosures; not investment advice.
Useful:
🚀INVEST w/ Kevin: https://metkevin.com/cashflow
⚠️Webull: 2 Free Stocks: https://metkevin.com/webull
🔥BlockFi: Up to $250 Free: https://metkevin.com/bf
🛎TradingView: https://metkevin.com/trading
🤑LuxAlgo: https://metkevin.com/lux
🏎️Get Money or Miles when you order a Tesla: http://metkevin.com/Tesla
📟3D Camera Kevin Uses (Save Sales Tax): https://metkevin.com/3dcamera
🛍️Cameras, Gear, Books https://metkevin.com/Gear
🦠Amazing Air Purifier https://metkevin.com/air
🏠Real Estate ONLY Videos https://metkevin.com/realestate
🤑Stocks ONLY Videos https://metkevin.com/stocksonly
📟Federal Reserve ONLY Videos https://metkevin.com/fed
🚀 The Meet Kevin Show: https://metkevin.com/podcast
Programs
🏡Real Estate Investing https://metkevin.com/invest
🤵Real Estate Sales https://metkevin.com/Sales
💰Stocks & Money https://metkevin.com/money
🧰DIY Property Management, Rental Renovations, & Asset Protection https://metkevin.com/DIY
⚠️YouTube Program [Make Money from Home] https://metkevin.com/youtube
🎥Private Livestreams https://metkevin.com/live
Use Coupon Code ✋💎🤚StockDoc✋💎🤚
⚠️⚠️⚠️ #Stimulus #Congress #Infrastructure ⚠️⚠️⚠️
Here's a full breakdown of the bipartisan infrastructure package which just finally passed the House and is expected to be signed by Joe Biden.
📝Contact Information for Kevin & Liability Disclaimer: http://meetkevin.com/disclaimer
Videos are not financial advice.

This video is brought to you by up to seventy dollars and totally free stock. You can get for free when you go to medkevin.com public, go to metcalfon.com public sign up for a public.com account feel free to follow me there at meet kevin, and you can get up to seventy dollars completely for free. They don't sell your information and they don't use payment for order. Flow met.

Kevin.Com public, hey everyone meet kevin here. It is. Official congress has finally passed the bipartisan infrastructure stimulus package. This is a package that previously passed in the senate with a vote of 69 votes in favor out of 100.

This is for the 1.2 trillion dollar infrastructure package. This sat around for months waiting for nancy pelosi and house democrats to finally pass the bill which they have done so they have now, with 228 to 206, voted to pass the bipartisan infrastructure package. This comes without the social stimulus infrastructure package. The expectation now is that the 1.2 trillion dollar hard infrastructure package, which we'll go through in just a moment, will be signed into law by joe biden to finally give democrats a victory again.

Keep in mind. Democrats were brutally embarrassed in virginia by losing the governor's seat in virginia. A republican has not won a state office seat, since chris christie won the governorship in 2009, and it is embarrassing that after 12 years republicans were able to win something again in the eyes of democrats. Obviously, republicans see this as a victory and a fight against more social spending, more potential taxation and a fight against inflation, and this apparently may have been one of the reasons.

Democrats decided. Okay, maybe we don't want to go so extreme and try to get everything right now, let's start passing things as we've gotten them done now. Who knows this part is just speculation. I want to hear from you what you think, but for now let's take a look at what was actually passed, so this 1.1 trillion dollar infrastructure package by some estimates will cost up to 1.2 trillion over the next 10 years, in total will include billion dollars for Roads, bridges and major projects, 39 billion dollars to modernize and make public transit more accessible to the elderly elderly.

So this is modernizing public transit and making it more accessible to the elderly, 66 billion dollar investment into rail maintenance. This is mostly going to amtrak one. I'm sorry 11 billion dollars in highway and pedestrian safety programs, 7.5 billion dollars for an electric vehicle charging networks, 42 billion dollars for ports and airports, 50 billion dollars to bolster the country's infrastructure against climate change and cyber attacks. There will be 65 billion dollars paid towards broadband.

This is a form of stimulus as well, since it includes a grant program to expand access to underserved areas with non-profits and public private partnerships, but also subsidies to lower the payments for qualifying households to around thirty dollars per month with a one hundred dollar equipment credit. This by the way, is similar to slash an extension of the pandemic emergency access subsidy, but it does lower that subsidy from fifty dollars to thirty 30 but does provide that equipment. Credit 55 billion dollars will go towards clean water, mostly removing lead pipes from our infrastructure. 73 billion dollars will go to update and expand the grid.
We expect in mostly green ways, 21 billion dollars to remove pollution from soil and the ground, that's groundwater and uh for paying for it. We expect that 200 billion dollars of the money will come from repurposed and unused covet funds. 50 billion dollars will come from delaying a trump era rule on medicare. Details of that, we could cover in a different video, 30 billion dollars from applying information reporting requirements to cryptocurrency.

So this is uh the know. Your customer style requirement uh for cryptocurrency reporting, and this is gon na - have some interesting consequences, because cryptocurrency companies fought this and suggested hey. How are miners supposed to know their customers? How are certain uh defy companies supposed to know their customers when the point of being decentralized is that they don't know their customers? So there were some amendments to try to exempt minors, but those amendments never went through so we'll kind of see how this goes uh, but uh yeah, not so good for the cryptocurrency space. But it is something that uh that that isn't part of this.

We expect it to get amended in the future. 60 billion dollars is expected to come from economic growth, 87 billion from past and future sales of the wireless spectrum. Opening up like 5g broadband in certain areas and the bill is expected to widen the federal budget deficit by 256 billion over the next 10 years, which does mean out of about 1.1 trillion dollars that we went through here. It does seem that about 256 is really left in terms of debt, and this would mostly be covered if we actually get these sorts of gains along with other gains that are expected so we'll see.

But this gives you an outline of what the heck the bipartisan infrastructure package is note. This does not include anything regarding the child tax credit preschool paid leave. Those are all part of the social infrastructure package, which is a 1.75 trillion dollar package. That is expected to be passed and potentially fully written because it's not even fully written yet around november 15th.

Although i personally expect this to get delayed until the beginning of december. Once we start negotiating the debt ceiling and the budget deficit again, and we run into the risk of a government shutdown versus government default again and all that drama comes back at the beginning of december. For now bipartisan infrastructure package, which has already been signed and passed by the senate, it's now sitting around is passed. We obviously expect joe biden to sign it.
Now all eyes are back on kirsten cinema and joe manchin for this social infrastructure package. All right folks, thanks so much for watching if you found this video helpful, consider, sharing and we'll see in the next one goodbye.

By Stock Chat

where the coffee is hot and so is the chat

24 thoughts on “Bipartisan stimulus bill just passed! [breakdown!]”
  1. Avataaar/Circle Created with python_avatars Ryan B says:

    No one uses public transit this just takes pressure off of states like California and New York they are the only states that will benefit from this stimulus. Tons of wasteful spending

  2. Avataaar/Circle Created with python_avatars Jason Stratton says:

    The fact we are so wrapped up in if a party wins or looses shows how far gone this country is.

  3. Avataaar/Circle Created with python_avatars RipKobe says:

    So we’re just going to ignore the Bitcoin part ? No this implies it will be the first step towards regulation, if not amended Bitcoin is nothing

  4. Avataaar/Circle Created with python_avatars Rhonda Tyson says:

    This crazy we need money now we won't get on the roads we need help now

  5. Avataaar/Circle Created with python_avatars Murtasma says:

    SHAMEFULL! Private companies are now getting bailouts to improve their infrastructure which we have all been paying for through taxes and utility bills for decades. This is nothing more than another bailout for corporations who put their profits in politicians pockets and their own instead of the infrastructure like they should be doing. The government and corporations are in bed together scratching each other's back while the debt slave fan them with their peacock feather fans to ensure the corporations and politicians remain nice and cool while they spoon each other in bed.

  6. Avataaar/Circle Created with python_avatars Franklin Henson says:

    Very helpful. I am middle of the road so it seems like common sense. Will help the electric car industry which is great as well as Broadband, Amtrak, public transport, ground water, lead pipes, on an on. Good.

  7. Avataaar/Circle Created with python_avatars J. Brew says:

    MEET KEVIN news! "MKN" "simple, fast, without, taking sides news channel!!! MKNEWS!!! Enjoy 😉

  8. Avataaar/Circle Created with python_avatars Laura Snyder says:

    Hey Kevin! I must have missed when you said to sell peloton. Any advice for people holding the bag? Sell now? have we hit the bottom yet? Is there hope for the company next year? Thanks everyone!

  9. Avataaar/Circle Created with python_avatars Ozark Granite LLC says:

    I wonder which cronies get the bulk of the money. I imagine very little will go toward improving anything.

  10. Avataaar/Circle Created with python_avatars Gustavo Chacon says:

    100000 likes for a video about your thoughts in Cardano an update in when Cardano will move

  11. Avataaar/Circle Created with python_avatars Lively says:

    I get all my news from you, lol. Thanks for the overview.

  12. Avataaar/Circle Created with python_avatars Thomas Dukes says:

    Infrastructure takes years to make an impact on the economy. 2023 at the earliest.

  13. Avataaar/Circle Created with python_avatars Galacticfox777 says:

    OH GREAT the government is giving away more money, that will definitely have good long term effects on the economy and the value of the dollar! I'm so thankful to be entrusted by a government that truly looks out for me and the greater good of us all…… barf, barfing everywhere.

  14. Avataaar/Circle Created with python_avatars William Robles says:

    I NEED THE FULL VERSION OF THAT OUTRO SONG! WHERE CAN I FIND IT! I LEGIT STAY TILL THE END JUST TO HEAR IT!

  15. Avataaar/Circle Created with python_avatars Light Yagami says:

    Get ready for some high inflation! Thank you government!

  16. Avataaar/Circle Created with python_avatars Bassam Dawood says:

    No Kevin . It’s not only about inflation that Virginians voted to boot the dems out. It’s also because of parents rights to decided their kinds education

  17. Avataaar/Circle Created with python_avatars Patrick Godwin says:

    When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance

  18. Avataaar/Circle Created with python_avatars J M says:

    Fox should hire you and pay you big bucks , you do a much much better job with no bs 👍 . Thank you very much

  19. Avataaar/Circle Created with python_avatars Jimmy Locke says:

    Of coarse they felt like they were untouchable now there realizing reckless spending causimg inflation is causing them to loose power they needed to get something on the table that said they were not completely failing the American people

  20. Avataaar/Circle Created with python_avatars ARMD 20 says:

    This bill is to give more tax brakes and money to the rich in expense of the working class, get ready to see more price increase

  21. Avataaar/Circle Created with python_avatars Mr balloonpimp says:

    Great video
    Would like to know more about the crypto areas of the bill and how it impacts it.

  22. Avataaar/Circle Created with python_avatars DiscoBalls69 says:

    I’d a free with you on the reasoning this bill passed Kevin only thing I can add is joe manchin thinks inflation isn’t a worry anymore since the bond buying program is coming down slowly

  23. Avataaar/Circle Created with python_avatars mathaddict1985 says:

    And the US will remain a joke with social infrastructure

  24. Avataaar/Circle Created with python_avatars Olivia Solberg says:

    You’re the best. I literally can’t believe that I like you enough to download your app and not only get updates there 😂🙌🏼 thanks for educating us all daily

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.