What's up, everybody welcome back to the channel? First and foremost, it is a beautiful day. So I have the window downs, the windows down it's a beautiful day, I here in Philadelphia, so I wanted to talk about the the heroes Act that was passed yesterday, which was Friday. I have my iPad for some notes and I want to talk to you guys about what it includes, what it means so far when to expect it to be officially passed or denied. So, like dates like that, and also how I feel about it as well, and also what you guys feel about it if you are new here, my name is Walter.

This is the credit card master channel. I do updates on the stimulus package to talk about finance credit travel, how to maintain, do and a rebuild your credit and use that for reward points to give free retreat travel. So that's something that you're interested in just make sure you subscribe to the channel. So you don't miss anything any updates or nothing like that.

First and foremost, let's talk about what the hero's act is and what it includes. I'm gon na put a screenshot here for you guys you can listen. You can also watch from my visual learners and also people who would like to you know hear as well, so here we go so the first and foremost thing. It includes very similar to the first package that people are still getting it's $ 1,200.

It's just one time, though it's not gon na be recurring, just gon na be a one-time, so I wanted to paint it for individuals and if you're married, it's gon na be 2400, so it's just it's no benefit as far as that. It's just single twenty of twenty twelve hundred together. Twenty four hundred, it's the same thing with an extra twelve hundred per dependent up to a maximum of three okay. So keep that in mind that can be up to six thousand dollars so for each dependent up to three you could get twelve hundred, which is pretty awesome.

It's a lot better than the last one that we just had. So that's the first and most important thing that people are definitely looking at. It's also going to give you about one trillion and not a two state and local governments. It's gon na extend the unemployment benefit of six hundred a week up until January twentieth, twenty twenty-one, which is great, because a lot of people have been unemployed since March and April, and it's just crazy.

It's going to expand Cobie testing treatment. It's also going to enhance tax credits for employers, support to help renter and homeowners, make monthly rent utility payments 3.6 billion in grants, 10 billion for the Supplemental Nutrition Assistance Program, and also it's gon na be giving some money to hazard workers, which i think is the Most honestly, one of the more important things I know people you know I bills to pay, we want 1,200 or more. If we're you know, unemployed and struggling, but the hazard workers, the people who have to work and what they call hazardous conditions to me. Hazardous conditions are public transportation, hospitals, obviously, but even on a lower scale, and I'm not you know saying that somebody that works in a hospital versus somebody who works in a fast-food restaurant says it's better we're all people were the same, but as far as the people Who could pay less but still have to do hazard pay? I'm sorry who do not get hazard pay? You know, like McDonald's.

You know spots like that. Chick-Fil-A, you guys Walmart Target grocery stores. You guys are just as important and equally important as opposed to our doctors, because if it wasn't for you guys, we wouldn't have our daily things that we need our groceries, our food. So we appreciate you guys from the bottom of my heart.

That's what this bill includes as far as hazardous pay, and it's truly a good thing that a hazardous pay is being involved in this bill and if I'm missing anything I'll, put a link to you guys. So you can see the article officially and with the building code I actually put a PDF there for you guys you can actually see a link below. So that's what it includes. Now the House passed this.

The Senate did not so keep that in mind. You needs a house innocent into passage, and then you also need the President to sign it in order to be official in order for it to be law, so one part has been done. It's looking good for the soul of fact that it got passed phase one in my opinion. I call it a part one.

I know there is a lot of you know: disagreements between the you know, both chambers broke branches, but at the end of the day you know, like the first check it had to get past the first step. It got past the first step. I don't expect to hear anything, and so maybe about June, especially with everything going on right now, you weekend looks like Senate's, not really doing much right now, so maybe June. You would expect to hear something and again guys make sure you subscribe to.

You know get that information, so that's what it entails, the date/time frame. Again, I would say, maybe June I wish it would be faster if I'm wrong, that's a good wrong. I don't mind being wrong when it is good, especially when I, when it's good. So that's great! So that's what it is now.

Here's how I feel about the bill I feel like the bill is good. Now I feel like the best, and I'm really you know it's more so for me not about the money. For me. Thankfully, I'm in a situation where I'm not struggling, but I know there are so many people out there that do and I feel extremely bad because 1200 is it's good, it's more than what we've got.

I mean it's the same, but it's another one. So it's 2,400 or more depending on your your household in your lifestyle but 1200. One time again, it's just not enough when you think about people have been out of work since March, that's three to four months right: there and 2,400 dollars total and I'm looking at somebody like myself, I'm out of work for since March, unemployment benefits, of course, but 2400 hours is just not enough and it's not enough to boost the economy $ 1,200. If so, for me, no kids! Well, you know I live by myself unmarried, so I'm only letting at $ 1,200.

If I was struggling, the first thing I'm going to do is not travel, does not put money back and see the economy by going shopping, going travel in none of that I'm going to pay the bills I'm going to probably be behind on. So it's not helping the economy on at all. On that instance, we need more if we want to really see a rise in an economy, because the first thing people are gon na do when they go back to work. Like I've said before it's not go on vacation, it's not go shopping.

It's not put money back into the economy. The linen thing wanted to be done. It's going to be to catch up on bills that were passed, do on credit card bills, mortgage rent, things that we need to survive things we need to live, and it's going to be like that for a while when people fall behind they're, typically behind. For a few months, maybe up to a year - maybe even more, you never know people's situations and to really knock somebody off, especially unfortunately, for the people who live check to check saw everybody for the cutoff, like that.

My following got a little too hot. So stop. Recording but more needs to be done, a hundred percent and that's what I was saying I just twelve hard it just isn't enough. It needs to be recurring for at least six months to a year for everybody to kind of get back and to also get money gone around and flow into the economy.

So if you guys liked the video make sure you like share and subscribe, let me know what you think down below and that's it yeah like share and subscribe I'll talk to you guys soon take care. You.