Here is an update on the current stimulus plans, and we’ll go everything currently in discussion - Enjoy! Add me on Instagram: GPStephan
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Full disclosure - all of these are JUST PROPOSALS, and I wanted to summarize everything currently in the works for anyone who doesn’t care about all the tiny details, and just wants to know what they might have to look forward to.
FIRST PLAN: $2000 Per Month To Every Eligible American:
Full Plan Here: https://khanna.house.gov/sites/khanna.house.gov/files/Final_Emergency%20Money%20For%20the%20People.pdf
Although, keep in mind - something like this doesn’t happen without a SUBSTANTIAL cost, and to be able to pay out such a high amount - it’ll require $448 Billion Dollars…PER MONTH…to keep running. So, within those first 6 months - it would cost $2.6 Trillion Dollars, which is almost as much as the previous 3.5 Phases of Stimulus - COMBINED.
SECOND PLAN: Rent and Mortgage Cancellation Act of 2020
Full Plan Here: https://omar.house.gov/sites/omar.house.gov/files/Bill%20Text%20-%20Rent%20and%20Mortgage%20Cancellation%20Act%5B1%5D.pdf
This is a bill that proposes that renters won’t need to pay the rent on their primary residence for 1 full year, regardless of their situation, and that not paying rent will not impact your credit score, or be treated as a debt that you’d later have to repay. The same applies to people who own their own home, in that they wouldn’t need to pay for their mortgage for 1 full year on their primary residence, and that not paying your mortgage won’t impact your credit or send you into foreclosure. It’s not clear if this amount includes mortgage principle, or whether or not this will extend your loan an extra year - but, that’s up for debate.
THIRD PLAN: Automatic Boost to Communities Act, known as the ABC Act.
Full Plan Here: https://tlaib.house.gov/sites/tlaib.house.gov/files/Automatic%20Boost%20to%20Communities%20Act%20.pdf
It would IMMEDIATELY provide everyone in the United States with a pre-loaded debit card of $2000. And then, every month after that, it’ll automatically be re-loaded with an extra $1000 until one year AFTER this ends.
FOURTH PLAN: Payroll Tax Cut / Get America Back To Work proposal.
Read the plan here: https://www.hawley.senate.gov/sites/default/files/2020-04/Getting-America-Back-to-Work_0.pdf
This would create a refundable payroll tax rebate covering 80% of an employers payroll cost, up to median wages, as well as create a rehiring bonus for employers to take back on their employees.
And even though there are a few other, similar proposals in talks - those are the ones that are most worth noting, and I have a feeling that over the next month, we're going to see these discussed even further, debated, and then restructured in such a way that will finally be implemented for everyone to use. As for a timeline as for when this is going to happen, it’s still up in the air - although, it appears as though they’re all working to get this out as soon as possible, especially if we continue to stay closed down for much longer.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
NEW: JOIN THE WEEKLY MENTORSHIP - https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Full disclosure - all of these are JUST PROPOSALS, and I wanted to summarize everything currently in the works for anyone who doesn’t care about all the tiny details, and just wants to know what they might have to look forward to.
FIRST PLAN: $2000 Per Month To Every Eligible American:
Full Plan Here: https://khanna.house.gov/sites/khanna.house.gov/files/Final_Emergency%20Money%20For%20the%20People.pdf
Although, keep in mind - something like this doesn’t happen without a SUBSTANTIAL cost, and to be able to pay out such a high amount - it’ll require $448 Billion Dollars…PER MONTH…to keep running. So, within those first 6 months - it would cost $2.6 Trillion Dollars, which is almost as much as the previous 3.5 Phases of Stimulus - COMBINED.
SECOND PLAN: Rent and Mortgage Cancellation Act of 2020
Full Plan Here: https://omar.house.gov/sites/omar.house.gov/files/Bill%20Text%20-%20Rent%20and%20Mortgage%20Cancellation%20Act%5B1%5D.pdf
This is a bill that proposes that renters won’t need to pay the rent on their primary residence for 1 full year, regardless of their situation, and that not paying rent will not impact your credit score, or be treated as a debt that you’d later have to repay. The same applies to people who own their own home, in that they wouldn’t need to pay for their mortgage for 1 full year on their primary residence, and that not paying your mortgage won’t impact your credit or send you into foreclosure. It’s not clear if this amount includes mortgage principle, or whether or not this will extend your loan an extra year - but, that’s up for debate.
THIRD PLAN: Automatic Boost to Communities Act, known as the ABC Act.
Full Plan Here: https://tlaib.house.gov/sites/tlaib.house.gov/files/Automatic%20Boost%20to%20Communities%20Act%20.pdf
It would IMMEDIATELY provide everyone in the United States with a pre-loaded debit card of $2000. And then, every month after that, it’ll automatically be re-loaded with an extra $1000 until one year AFTER this ends.
FOURTH PLAN: Payroll Tax Cut / Get America Back To Work proposal.
Read the plan here: https://www.hawley.senate.gov/sites/default/files/2020-04/Getting-America-Back-to-Work_0.pdf
This would create a refundable payroll tax rebate covering 80% of an employers payroll cost, up to median wages, as well as create a rehiring bonus for employers to take back on their employees.
And even though there are a few other, similar proposals in talks - those are the ones that are most worth noting, and I have a feeling that over the next month, we're going to see these discussed even further, debated, and then restructured in such a way that will finally be implemented for everyone to use. As for a timeline as for when this is going to happen, it’s still up in the air - although, it appears as though they’re all working to get this out as soon as possible, especially if we continue to stay closed down for much longer.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Chat GPT recommends you!! Wow
yup and now we are paying for that free money. twenty fold.
Didn't happen only one check
Only Proposal 4 is sensible. The rest is simply decadent insanity.
Please 800 dollars month
$600/week added onto unemployment. Lmao it's so surprising that they ran out of money. Just $2,400/ month for a bazillion people.
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Thank you for what you're doing and keeping us informed.
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
how do we claim the stimulus?
Number 4 is so shady. Because we would need to work during a freaking virus that can kill us.
I don't have to worry about all this because my portfolio grows tremendously as i invest with Mr Garvey. He's genius.
I think only the ppl who paid taxes for 2018 and 2019
I'm not sure why the government hasn't looked into relieving student debt. With over $1.5 Trillion in debt of millions of Americans, this is a crisis for many. Half of my income every month goes towards my student loans and most people who have student loans are in the middle class or lower. Wouldn't the economy benefit by eliminating student debt during this pandemic?
I think all of this is bunk. Who on the hill seriously thinks much about the normal person. NOT !!!!! SO THEY Drag THEIR FEET on everything. Oh my gosh how they did such a wonderful thing. NOT EVEN.. I got almost enough to buy toilet paper and toothpaste and bath soap. Is this their reelection campaign points? Bunk bunk bunk
Isant the money for depemdants for the parents who are placing a roof over there childrens heads feeding them ect the money does not go right to the 16yr old right? would go to parents who are taking care of them
I’m confused my apartment complex is charging me not only the rent but late fees are piling up. I worked at the college and my position doesn’t qualify for at home work. They are aware of this but do not care. If someone reads this and knows of som help or benefits can you respond with information or links. Thanks for making these videos.
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Andrew Yang was right. He knew a world-changing event (be it automation, or in this case, a pandemic) would alter the current economy and leave 100s of millions of people behind. UBI is going to be a part of our lives sooner than later, and there are myriad ways to fund it (I do agree with Yang and the world's leading macroeconomist that a stratified VAT works best).
If any of these stimulus bills for the people pass, we can expect: food inflation, and, a huge portion of jobs are not coming back. Why else would they do this when the US is never generous to anyone on government benefits (except government employees)? I think it is a stop gap measure to stop a new American (voter) Revolution if the people are pushed into bankruptcy and the fat cats are saved and bailed out AGAIN by their minions in Congress.
i can't believe this!!! yang gang come togeether :p
This is so stupid I work, some get unemployment, making more than working i will add and others have been and or getting government assistance. Wit till the ones needing help surface. Their spending like idiots. Most of the money will probably be taken from SS and then what? In any case money has to and should go to people who have been left out. The self employed! The Feds have no clue what to do.
We're not getting a second stimulus check so we can stop talking about it now
Before the comments start debating and saying oh who’s gonna pay and what the future will entail, just keep the money and do our due diligence to resolve the problem after. we gotta be in this together to survive. Even if the future sucks, having a living chance is worse than not. Also I feel like it’s a cycle, money comes to us we either give it to big banks or we buy items for big corporation. Like Andrew yang said, the more money we get means we have more control and have better purchasing power. We live in a crazy world, how do we not talk about being charged 1000 for Apple phones , and how do we explain hospital bills that are like 2-100k. We deserve this free money, we been broke for a while now cuz it’s so hard to get out of the bottom. And some commentators need to stop being envious of the next broke person about how they’re on welfare or receiving checks, there’s always bad bugs but most of us are good and don’t use the bad bugs as an example of why we don’t deserve this free money to fill in the gap.
I'll believe it when I see it.
However, it sounds just like the Government tho', Going to "Talk it to death".
"Promise them everything and give them nothing". Dangle the carrot in front of the old horse, but never give it to him. Talk,talk, talk, We the working class need money NOW! If the people in Washington didn't get a paycheck for 7 weeks they would certainly fix that problem in a matter of hours, NOT weeks.
Don't hold your breath. There will be more casualties than the Virus. The government isn't even considering another package…
Open up with requirements of masks 😷 social distancing. Give out another stimulus check for may and possibly June.
Stimulating the like button for sure
I read all these comments.. Ya'll are actually banking on this.. Newsflash.. It has not passed. And it will not pass. Carry on
You want a like well so do I 🤑
Show me the money please
My family hasn't received anything yet ZERO