Here’s an update on the NEW Stimulus Proposal that would give each eligible person $2000 per month, and my thoughts about how likely this is to happen - Enjoy! Add me on Instagram: GPStephan
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To start, here’s the proposal currently in place:
https://khanna.house.gov/sites/khanna.house.gov/files/Final_Emergency%20Money%20For%20the%20People.pdf
First, every American Adult age 16 and older, making less than $130,000 annually, would receive $2000 PER MONTH. That would be DOUBLED for married couples…meaning, if they make less than $260,000 combined, they would receive $4000 per month.
Qualifying families with children would receive an additional $500 per child, up to an additional $1500 per month.
For every $1000 you make ABOVE that $130,000 and $260,000 income threshold, the total payout will be reduced by $50…meaning, if you make more than $170,000 filing single, or $340,000 filing married - you won’t be getting anything.
Next, these monthly cash payments would not count as income - meaning, this is going to be TAX FREE
And, If you had no earnings, were unemployed or are currently unemployed, you would still be eligible.
This would also apply for college students and adults who are still claimed as a dependent by someone else.
The language in this bill also extends payments to non-residents of the United States, as well, depending on certain qualifications…and, also allows payment to be made through “an electronic transfer application that can be used on mobile devices to receive payments.”
If passed - these payments would be guaranteed for at least 6 months, and then - if employment levels have not fully recovered - it can be voted on to be extended ANOTHER 6 months.
Overall…this is a REALLY complex matter, and it’s understandable that not even the Senate can come to an agreement on these things with WEEKS of discussion. Ideally, we can come up with a balanced plan that works for everyone, and gives support to people who have been affected by this the most…in a way that’s well executed, and fair to the people who were NOT impacted, and continue to work.
It’s clear people definitely need more money…but, it’s unclear exactly how much it’s going to be…so, don’t get your hopes up about getting an extra $2000 per month…and, I wouldn’t put too much faith in this actually panning out.
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.
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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
To start, here’s the proposal currently in place:
https://khanna.house.gov/sites/khanna.house.gov/files/Final_Emergency%20Money%20For%20the%20People.pdf
First, every American Adult age 16 and older, making less than $130,000 annually, would receive $2000 PER MONTH. That would be DOUBLED for married couples…meaning, if they make less than $260,000 combined, they would receive $4000 per month.
Qualifying families with children would receive an additional $500 per child, up to an additional $1500 per month.
For every $1000 you make ABOVE that $130,000 and $260,000 income threshold, the total payout will be reduced by $50…meaning, if you make more than $170,000 filing single, or $340,000 filing married - you won’t be getting anything.
Next, these monthly cash payments would not count as income - meaning, this is going to be TAX FREE
And, If you had no earnings, were unemployed or are currently unemployed, you would still be eligible.
This would also apply for college students and adults who are still claimed as a dependent by someone else.
The language in this bill also extends payments to non-residents of the United States, as well, depending on certain qualifications…and, also allows payment to be made through “an electronic transfer application that can be used on mobile devices to receive payments.”
If passed - these payments would be guaranteed for at least 6 months, and then - if employment levels have not fully recovered - it can be voted on to be extended ANOTHER 6 months.
Overall…this is a REALLY complex matter, and it’s understandable that not even the Senate can come to an agreement on these things with WEEKS of discussion. Ideally, we can come up with a balanced plan that works for everyone, and gives support to people who have been affected by this the most…in a way that’s well executed, and fair to the people who were NOT impacted, and continue to work.
It’s clear people definitely need more money…but, it’s unclear exactly how much it’s going to be…so, don’t get your hopes up about getting an extra $2000 per month…and, I wouldn’t put too much faith in this actually panning out.
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.
Wouldn’t a 2k per month baseline to everyone cause inflation to spiral upward? I don’t know if that’s wise.
Why does your head look photoshopped to your body?
Everyone here should check out Pi crypto, if you don't already have it
use my code: BossNut
I started in october 2019 so I have the fastest rates
Kkkkkk wonderful republic are crazy they can't pay second 1200 yet so how do we expecting 2000per month kkk we are not kind come on guys
I agree with everything you saying keep up the good work but one thing I got to say what about the people's is on Social Security and they are receiving low income from the social security place just think about them and just think about the time when they did work and they cannot work no more years and years ago watch 10 DC can make more money more fresh money so we shouldn't just hold on to the old money this money for everyone it's look at that but God bless everyone it's going to happen in a good way in God way whoever push that panic button and messed up America peoples if we go down in history you might as well say the Earth will come to an end if we don't straighten this out we need to fasten are seatbelt cover you got a long ride to go throughout God said this is going to happen to us and it is more right that we had to bake
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
2000.00 a month would work for me. It would help so many people and then we the people would be happy at long last.why our gov has not been doing the work is cuz they been on vacation and again in August.
In ten years how much have you paid in taxes. Happy belated birthday day.
If you don't need it dont except it. It's not free money thats our money we worked for it
I will believe it when I actually hold this money on my hands. Until then it's all BS. I still haven't seen a penny of my unemployment claim since the lockdown and now this? Smh…
To the idiot who is making this you probably don't have friends. They took
Your candy in school. You do this video
To piss off the public.
will people on AS receive this 2nd stimulus paayout??
Are those who were eligible in the cares act does this include them in this stimulus?
Does this include those on ssdi,ssi,veteran benefits, retired individuals, those who lost their husband or wife?
I earnestine Batista I have not received any check
well im under 16 tuff
I need it because I don’t have any jobs I got 3 months I stay home I can’t eat I can’t do anything I don’t anything
Kk
What I don't understand is why people on fixed incomes (retirees, SSI and SSDI recipients, etc) are eligible for stimulus payments. It isn't as if they lost their job and therefore suddenly have no income.
Breathitt County Kentucky says hell yeah that's some good drug money
How you know about money 41k or money really Tim man
How you know about you talk the money
Everybody getting $2,000 dollar per month yes or no
THEEY HAVE TO OPEN EVERYTHING UP BEFORE PEOPLE START STEALING…
Hulk smash button
By that time I think we all starve