So in today's video, we are going to be talking about everything you need to know about the Second Stimulus Check for Tuesday, July 21st.
We cover the second stimulus check, the stimulus update, and also the next stimulus package. The stimulus package that passed under the Trump Administration earlier in March of 2020 was the HEROES Act.
Video Outline:
1. Europe passes 860 Billion Stimulus Relief Package. How this creates pressure for the U.S. and what this means for our version of the Heroes Act.
2. What the politicians want to focus on for the next stimulus package. "Kids, jobs, and vaccine."?
3. Stimulus Check distribution is discriminatory?! : Blacks, Latinos, & Poor People are less likely to get a $1200 stimulus check article & study analysis.
4. $40,000 Income Cap Clarification
Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

So in today's video we're going to be talking about everything, you need to know about the second stimulus track for this week now before i get started with this video, i just want to say i hope you guys are all having a wonderful day. Thank you to every single person. Who's dropped a like on this video just watching these videos or even dropped a comment down below you. Guys are so freaking amazing and i just want to say i really appreciate it from the bottom of my heart.

Every single one of you - and i seriously i love you guys - you guys - are freaking crazy, so yeah y'all are amazing. Thank you for that. Now, let's start out with this video with some excellent news for this week, hot off the press. This morning we actually saw europe go ahead and pass their own version of the stimulus package.

This was a heated debate that lasted for the past few days and ultimately led to the decision of people getting additional stimulus check money from the government. We did it. We have reached a deal on the week of repackage and the european budget, a marathon which ended in success for all 27 member states, but especially for the people. This is a good deal.

This is a stone deal. This is the right deal for europe right now. So brian, how is this good news for us? We don't live in europe, you silly asian boy, we're in the us. Why does this have to do with anything with that when we take a look at other countries and we find that they're able to come to a common agreement? This means a couple good things for us, so number one.

It creates pressure. The us has this expectation to be the best in the world, the best economy, the best country, the best in everything that they do when we see other similar countries go ahead and pass additional stimulus package for their citizens. It creates additional pressure within our own government for them to pass their own version of that. Ultimately, this is going to be that second stimulus package, known as the heroes act that we've been discussing for the past few weeks.

I think it's incredible news when we see other countries go ahead and continue to support their people, hoping that the us also follow suit. They pretty much declare to the world. Yes, we are still in a pandemic. Yes, we still need to support our people and, yes, they are leading the forefront right now by passing additional stimulus.

The question that i know a lot of people have is: how is europe able to do things so continuously? Don't we all operate on the same monetary system? Europe works a little bit differently that i'm not gon na go full details with in this video. But all you guys need to know is that, because they have passed something very similar to this they're going to create this expectation that leads the u.s to do something very similar that is going on right now, up in washington, so brian, what's actually going on in Dc, as of yesterday, most of our senate majority leaders and our house representatives went back after their long recess that they've had in order to renegotiate the terms for the heroes act, which is the next simulus check package fun fact, most people probably don't care. I live like 20 30 minutes away from dc, so you know maybe we can hit like some type of outrageous goal. If we get a hundred thousand likes on a video like this, i will literally go to dc.
They probably won't. Let me in they probably won't. Let me do much at all, but i'll do something fun. Maybe i'll get some b-roll, maybe i'll film, a stimulus check, update video in front of the white house, because it's not too far from me.

Let's hit some outrageous gold, maybe 100 thousand likes. Is that possible? Probably probably not, but might as well give it a shot. Anyways we're hearing some more relative news coming from our majority leaders: here's a quote that we got the top priority for this next stimulus package is going to be revolved around kids jobs and a vaccine for the next meals package. It's safe to say: there's going to be a lot of back and forth with regards to that detail, because if we look back on the first stimulus package, we know that they were actually under a lot more pressure and the way the first meals package got passed Is not similar to the way we're handling the second one at all with the second stimulus package.

They are really working out the details. They are really trying to budget things and they are really trying to get both sides from republicans and democrats on things that they can agree on. I found this great quote online by an independent wealth manager named josh smith and here's what he said in the last stimulus the u.s was in a borderline panic reaction mode. They knew something had to get out to the public, but didn't look as closely at each side's request.

As you will see this time, the house proposed a bill that the senate hasn't even considered, so both sides are going to be doing some hard negotiation in the next week to 10 days. There's also a much better understanding of the virus since the first stimulus look for this financial boost to be tightly targeted to specific groups and needs that are hurting the most. So i did a little bit more research to get a better idea of what mr smith meant at the end of his article with regards to tightly targeting people who are struggling more usa today published an article stating black latino and poor people are less likely to Get 1200 stimulus checks so diving into the content of this article. I actually found additional sources one by the tax policy center.

That showed that there was indeed a huge disparity between people who weren't receiving their stimulus check, money based off of income, race, ethnicity and citizenship. So to all the people who said down below in the comments of my videos, saying i'm literally not getting my stimulus checked because i'm poor, i'm not getting my stimulus checked because i'm black i'm not getting my stimulus check because i'm latino, i'm not getting. My stimulus checked because i'm asian, whatever color race, you are, this study, actually is proving some type of truth to those statements below it's an issue that we've seen across the country between different markets and industries. But when it comes to stimulus checks, it's a little bit more surprising because it seems like this is just a form of money that the government needs to give out to their people, but even between stimulus checks.
This is an issue that we're seeing between racism and, ultimately, discrimination across payments that people are supposed to receive. So why is this a thing? Why do people of a certain color or people who make less money receive their checks a little bit later on or don't even receive their checks at all compared to people who are well off or a different color? What this study actually shows is that people who are financially struggling often have a lack of sources so, whether it's a computer or a lack of knowledge within the circle of people that you're with or maybe even having access to something like youtube, where you need a Wi-Fi or you need a cell phone or you need a tablet or computer. What we're realizing now is that a lot of these people who needed the stimulus checks, the most didn't, have the most adequate resources in order for them to receive it on a timely manner. If this second round of stimulus check goes through, i just need to emphasize: the government needs to put a better mandate.

They need to do a better job in getting this to the people who need it the most. I know it's a lot to ask from our own government - and i know they haven't been doing the best job, but i'm always trying to be a little bit more optimistic about the way our federal government handles a lot of these things. I also do realize that there are many key players. In fact, it's not just one person just and people get the checks.

It's a lot of strings that are being pulled a lot of people, a lot of different workers, a lot of different industries markets that all have to come together. In order for this to be successful, so i do understand that there is a lot more. That goes into it, and i will truly never understand exactly how much work actually goes into initiating something like this. But i'm always looking and reading and seeing the comments of these videos where people are talking about how it's unfair for them or they've been not seeing their full amount and it really just breaks my heart now, aside from that, i wanted to talk more about the Details with the next stimulus check and how much we should actually receive so just to clarify a lot of the rumors that people have the 40 000 a year cap on the income that you can make.

These things that most of us are hearing are still just proposals in the works, much similar to some of the things that we've heard in the past, like the two thousand dollar a month stimulus package, all the retroactive features or even the stimulus, debit cards that many Of us were supposed to receive if something like that were to get passed, i know the forty thousand dollar a year cap is a little confusing for some people, so just to make it very easy, if you make less than forty thousand dollars a year, you would Get the stimulus check if you make anything above that you will not get it if you're married and you file a joint on your tax returns and you have a full income of eighty thousand dollars. If you make more than that, you would actually not qualify for the next stimulus check if you make less than that, you would qualify. So that is what this means. I frankly do not agree with the forty thousand dollar cap.
As you guys know, the median income across the us is just around fifty thousand dollars, depending on where you live, but when we put a forty thousand dollar cap on these stimulus checks, this is based off the idea that people who are struggling are just making. Forty thousand dollars or less and everyone who makes forty one thousand dollars and up uh are, are under no impact at all from the pandemic. So it's a really unfair way to just marginalize the people in the us thinking that people who make a little bit more money than 40 grand are not affected at all. So, in my opinion, like anyone cares about my opinion, i don't agree with the 40 000 cap.

If that does get passed, i feel like this would anger more people than anything now. Let me know what you guys think down below if you're watching this video up until this point, i just want to say thank you. You are absolutely amazing if you're watching this video right now, what amazing people also do is they drop some likes on this video? So let's get this video to 100 000 likes, i wouldn't mind, taking a field trip to dc for a day 100 000 likes. I don't think it's gon na happen, but but why not you know it's crazy things happen every now and then so.

Thank you guys again for tuning by this video. Hopefully i was able to drop some knowledge in this video in order for you guys to learn something new. I hope you guys have a great day much love to everyone, and i hope i see you guys in the next video peace out.

By Stock Chat

where the coffee is hot and so is the chat

30 thoughts on “Europe passes $860 billion stimulus package. what this means for us…”
  1. Avataaar/Circle Created with python_avatars Dan Rothenhoefer says:

    The governments of Canada, Australia and Canada as well as the European Union are actually watching out for their citizens and trying to keep them safe. The economies of these countries are also in better shape than the US Economy. With the recurring monthly payments that the countries listed above are providing, people can afford to invest money back into the economy because they are assured that they will have money a month from now. Our government could do the same thing, but they won't because they are much too greedy, selfish and oblivious. Vote them all out this November; elect people who will protect our interests.

  2. Avataaar/Circle Created with python_avatars Aaliyah Rasheed says:

    America is like a shiny cubic zirconia ring. It’s beautiful and it looks like it’s the best but really….. you want it to be real.

  3. Avataaar/Circle Created with python_avatars Hugo Ramos says:

    my kids is 23 up, my income is 886, why they'll still keeping my money for child's Support?that's isnt fear! we all have bills to pay,

  4. Avataaar/Circle Created with python_avatars KEA says:

    Yea, cept DUMP TRUMP!
    Hopefully Fancy Nancy will have more than just ice cream for us. She wants us to get the full $600 a week for starters!
    VOTE BLUE NO MATTER WHO IN 2020!

  5. Avataaar/Circle Created with python_avatars Hola! 777cozmo says:

    I would be considered poor in the usa, 30th per year. …

    If you compare me to other countries I'd be filthy rich

    It's all about perspective

    Do us all a favor and do not drag race into this, the article you quoted misrepresented the real problem

    Although if you can read they did mention the real reasons behind many folks not getting a stimulus check

  6. Avataaar/Circle Created with python_avatars Hola! 777cozmo says:

    I has nothing to do with sk8n color

    It's about resources and knowledge

    If you don't pay taxes and don't have a bank account they won't get a check it's that simple

  7. Avataaar/Circle Created with python_avatars TexasMade USA says:

    I don't usually comment but I'm commenting for the algorithm. You deserve the exposure!

  8. Avataaar/Circle Created with python_avatars TrapOf Reticence says:

    I understand you're trying to help but if you're going to run your mouth about what other countries are doing when the USA is too busy arguing about their own problems it makes me not appreciate how much you're stalling about what we really need to focus on. Dates, amount &REAL FACTUAL EVIDENCE ON THE REAL TIME of when everything is passed & check is pending. Until I see that I'm disliking until then.

  9. Avataaar/Circle Created with python_avatars msorganicfarm Graff says:

    it doesnt prove that its racism, its a correlation not proof of racism. Poverty is the reason they were caught in between a rock and hard place especially since dhs services and libraries, where one might be able to sign up for Direct Deposit or EIDL.

  10. Avataaar/Circle Created with python_avatars Jack Mack says:

    I can speak to your point. My brother (who has $0 income) and I (on disability) did get our stimulus checks. My brother even got a paper check. The reason? I have access to Internet. And the ONLY reason he knew how to get his $ is because I've been watching you (& others like you).
    I think that they should do away with $600 unemployment plus up. Everyone who qualifies for unemployment and EVERYONE who got (& even those who should have gotten the $1200 should get $1200 twice a month until this mess is completely behind us.

  11. Avataaar/Circle Created with python_avatars Theodore Cendejas says:

    I am a MEXICAN BORN IN AMERICA. I LOVE AMERICA… BUT I DID NOT GET MY STIMULUS CHECK BECUASE I AM MARRIED TO A "LEGAL FOREIGN NATIONAL" AND THE FUCKED UP THING IS THAT SHE RECEIVED IT AND I DIDNT.

  12. Avataaar/Circle Created with python_avatars Jackie V says:

    What ever. Our government rules us. We can’t vote them out as easy as it should be. We can’t change bills and laws. The people with money who control the country control us and will keep our money

  13. Avataaar/Circle Created with python_avatars Keith Owens says:

    Didn't folk making $40k and less get money last go-round? Weren't they targeted? If you want to target those $40k individuals, i suggest the following:
    $40k and less – $1,400 check
    $40k to $75k – $1,250 check
    $75k to $100k – $1,000 check
    $100k to $150k – $750 check
    $150k to $200k – $300 check
    $200k and up – $0

  14. Avataaar/Circle Created with python_avatars Janet Ooten says:

    I was counted as a dependent on my sons 2019 taxes. So was my 17 yr old grandson. Neither one of us received a stimulus check. My son hasn't been in my home to help me since Nov 3, 2019. I have had no help. Im on SSI.
    Im asking if I will get it this time because my grandson will. Please give me some good news. Thank you.

  15. Avataaar/Circle Created with python_avatars Shirline Lavelle says:

    ex divorced me last year. he gets 50k + I get under 30k But between us we get over 80K. Do I have to worry about the stimulus that will probably go into his account like the first one did???

  16. Avataaar/Circle Created with python_avatars Douglas Zolton says:

    You are saying white people will get screwed again. The money will go to Corporations and maybe ,minorities. . It seems as with MOST GOVERNMENT largess, me and my family will be cut out of any help..

  17. Avataaar/Circle Created with python_avatars The God says:

    I'm a single dad with 3 kids on my own and I make 43,000 a year so they want to stop me from getting a check during a pandemic?? 🤨

    Vote these heartless Republicans out of office cause they don't know what the hell their doing… They are taking America down!!

    I think the Republicans are trying to start some kind of nationwide riots so Trump can cancel elections and stay president… 🤔🤨

    I do believe if Trump gets another term, I believe he will be the last American president and Trump will end America… Trump will make America fall faster than Rome if he's given another 4 years… 😔

  18. Avataaar/Circle Created with python_avatars Sylvia says:

    People that got their stimulus checks first got them because they filed their taxes. They paid their taxes. They qualified by their income and they were responsible and pay their taxes!

  19. Avataaar/Circle Created with python_avatars Zurie Rae says:

    Appreciate the knowledge, insight,.education, and perspective. Thanks for keeping my updated!

  20. Avataaar/Circle Created with python_avatars T Grayson says:

    The corruption in congress is beyond belief…people are suffering and they dont give a 💩 about no one but themselves…All the celebrities that got millions upon millions of DOLLARS …and common folk can't get nothing…all I hear is talk talk talk and no action…we need stimulus over 6 months or longer there will be irreparable damage

  21. Avataaar/Circle Created with python_avatars GioPM says:

    That's a Fking lie I'm Hispanic was unimployed and I got my check. That's just race baiting.

  22. Avataaar/Circle Created with python_avatars Cynthia Sonmez says:

    Love from Australia ❤️ Why did The Millionaire American Leaders disturb the $600 UE till the end of the year Vacation is the only thing on their mind The American worker allow them to get away with this

  23. Avataaar/Circle Created with python_avatars Tony Mouannes says:

    That 40k limit is a joke. In some big cities like New York or Los Angelos this is just above minimum wage. Also this is a before tax number, so it isn't much at all for someone who is self employed who have to pay an extra 7% tax and pay for their own health insurance.

  24. Avataaar/Circle Created with python_avatars Shane Mcvittie says:

    The fact that the GOP waited a few days before the ($600) weekly unemployment benefit expires and most likely will be several weeks at best before it is extended is enough for me to vote these bums out in November!

  25. Avataaar/Circle Created with python_avatars John Rodriguez says:

    So they want to force states to open schools because they claim the child covid19 mortality is low..but when they get sick won't they infect there parents and everyone in there house? 🤔

  26. Avataaar/Circle Created with python_avatars Borderlands808 says:

    If they cut the military budget by just a few percent for the rest of this year, we could still get the extra 600 or more per check.

  27. Avataaar/Circle Created with python_avatars Gerald Mosley says:

    Yeah no it ain't going to happen
    Wish in one hand and shttttt in the other and see which one will fill up
    Moscow Mich is blocking everything.

  28. Avataaar/Circle Created with python_avatars Flyin Eye Aerial & FPV says:

    Very nice and informative video. Dropped you a like. Ill be back to watch more and might sub to your channel. GOD BLESS, BE SAFE AND STAY WELL!

  29. Avataaar/Circle Created with python_avatars victoriakapshaw says:

    Is this second stimulus one time or monthly until.the virus and life goes back to the way we were 🤔🤔🤔

  30. Avataaar/Circle Created with python_avatars emily s says:

    Around 40k is a good cap. They could raise it to 50k but it seems fair to me. People only need so much to “survive”. And the government can only give so much.

    People who are making 70k could be facing tough times depending how they spend/spent their money.
    And someone making 20k might be fine cause they save and are used to never eating out or having a car.

    But around 40-50k is where I’d draw the line.
    I’d have to say to those making a fair amount and struggling to take a step back on spending and maybe reevaluate your unnecessary bills.

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