This is your second stimulus package update and your second stimulus check update on August 11th 2020.
In this video, we cover the unemployment boost benefit, current standings with the $1200 stimulus check, and where we are with progress for our overall next stimulus package.
The Act Everyone Forgot About But Brian Jung: https://www.rubio.senate.gov/public/_cache/files/4566d5ae-6b4e-4fec-999d-8543b026a9ab/5A822D05ABE762F51863CC0841FE4129.eip-families-1-pager-002-002-.pdf
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.
#StimulusCheckUpdate #StimulusUpdate #Stimulus
Comment "Pikachu" down below if you see this

Hey everyone welcome back to the channel in today's video we're going to be talking about unemployment, boost benefits, we're going to be talking about the current status of the second stimulus check and we're just going to be talking about where we are with the current stance. With our politicians and where we are on where we should expect the next package to actually go through, if you guys are new to the channel, though welcome back, my name is brian. Don't forget to drop a like on this video if you guys have been enjoying this type of content, stimulus, check, updates and just hearing about what is going on with relevant and current news, but other than that. Let's just get straight into the video.

So president trump went ahead and authorized the 400 unemployment boost. This is a memorandum through his executive order. A lot of this still needs to go through and there's still a lot of things that need to be clearly discussed. Many states that have struggled financially are actually debating on whether or not this is fair, because most states who do not qualify for this will not be getting any additional unemployment boost benefits for their citizens.

So it's really this difficult fine area between trying to get this funding for everyone in the country, while at the same time they know that many states may not actually qualify for this because of how tight the budget is. So where is this? Unemployment boost benefit actually coming from, especially because it's getting approved by president trump's executive action instead of going through congress. Well, here's what we need to know. We have a total of 44 billion dollars and this is coming from the disaster relief fund and, as you guys know, 44 billion dollars to a single individual may seem like a lot.

But in the grand scheme of things this is actually very, very small compared to the amount that we've seen in the past. With the previous cares act, this amount of 44 billion dollars with the unemployment boost is estimated to only last between four to five weeks. So what actually happens if your specific state can't afford that unemployment boost benefit? Are you just single-handedly left out? Governor andrew cuomo of new york is already tweeting about this and last night he said executive orders can't replace legislative actions. States can't pay 25 of unemployment costs.

It is simply impossible. The biggest questions that raise with this 400 unemployment boost is who is going to qualify, and will you actually start seeing money and when will that actually be? Who will qualify? Are people who make more than a hundred dollars with their regular state unemployment boost benefit? Now? The debate with this is that workers who make less than a hundred dollars a week in unemployment will not qualify, for this is not really fair, because these are going to be the people that need it. The most also, if you're looking to get approved for the next 400 unemployment boost benefit, you just have to make sure that you are filing unemployment within your state and then your state actually gets approved within that federal level. So it really is a lot of things outside of the hands of the people, but if you are trying to get on top of this and trying to stay on top of these benefits, just make sure that you are still applying for your own state benefit for Unemployment and make sure that you're getting at least a hundred dollars, and then this will also kick in and give you another 400 if your state is approved for it as well.
So when should we actually start seeing these unemployment boost benefits if it does get approved? For your specific state, i would not expect to see these until the end of august toward september, and the reason why i say this is because states still need to go ahead and set this system up. This may be retroactive. You could still apply every week and then, when they do get approved for it, you can get that one lump sum for the past few weeks that you did not get it all in one amount but, like i said we do not have an official date on When this should get approved and the estimated date on when we should actually see unemployment, boost, benefits should be toward september. Hopefully this is going to be the time when we see those additional stimulus checks as well, because if it is it's going to be some serious paydays for a lot of people and it's going to definitely help a lot of families out.

So, let's go on to the topic of stimulus checks now that we are on that as well. So the good news is the democrats and republicans, as of today, are still in full support of the second stimulus checks. There isn't much talk about this right now because they are still negotiating different aspects of the heroes and the heels act, trying to come to a decision on what to pass the main things that they are concerned about. Right now is state and local government funding, and they are also talking about that unemployment boost funding, so republicans really don't want to budge and democrats really don't want to budge.

Republicans are currently waiting on additional proposals from the democrats on what is going to entail for adjustments with state and local funding and unemployment boost benefits. So really those two things right. There president trump out of his lack of patience or his willingness to help people or whether it's the reason of him trying to get reelected into office in the next few months. His goal right now is to actually use his powers as president in order to try to get as much leverage in some of these issues as possible.

Like i mentioned some of these executive orders, some of these memorandums may not hold that much weight to it and at the most, the student loans, the zero percent and the deferment. That is the heaviest out of them all. That's gon na hold the most amount of weight that might be the most effective out of all the things he's mentioned, but it's just gon na take a little bit more time before we see solidified evidence on those memorandums and see if there was any effectiveness to Them if i were to give a percentage on which one has a likelihood of getting past even more between the heroes and the heels act, i would say they're still, both at 50 and in reality, when two bills are still at 50. There is no nudge on either one of them.
In reality, it's still zero percent for most people. Now nobody seems to be talking about this anymore, but i did want to bring it up in today's video because it just seemed to have gone, swept under the rug, but we did have a standalone build on those stimulus checks before we start to see the expiration Of the eviction moratoriums, the unemployment boost benefits. So let's talk more about what this actually was. This one was actually proposed by four republicans.

We had senator bill cassidy. We had steve daines of montana, we had mitt romney of utah and we had marco rubio of florida. This was actually covering that one act. I called it the cafe.

Some people call it the safe act, but this was the bill that was introduced where adults and children actually got a 1 000 check, regardless of age or dependent status. As long as you had a social security number, the reason why i like the cafe so much is because, although it is still a less amount than the 1200, it's still better than nothing, and because this is a standalone bill because it is not tied to another. Two or three trillion dollar package that also needs to get passed in order for people to just see a small amount of money to help them go through these very difficult times. This is one of them, the caf act or the safe act.

Whatever you want to call it, this is the bill that i frankly like, because it won't take that much effort in just getting stimulus. Checks passed to the people, keep in mind. President trump does not have the authority to actually get the stimulus checks passed to the people, because the federal government needs to get approved through congress to get that much money passed to the people. The argument right now is well he's able to do this with unemployment benefits.

He can do student loans, he can do evictions. Those are not the same at all with economic impact payments and also keep in mind with the evictions and also keep in mind with the unemployment boost. This is all coming out of separate budgets, so it's not coming from our federal government they're, not printing. The money like they would with the stimulus check.

So with that in mind, i personally like this amount. I think it would be even better if it was more than the one thousand dollar amount, but we also made a video a few weeks back talking about how, if you had a family, this would actually be a lot more than the normal amount. I will have a link to the proposal down below it's just going to be a one-page summary. That was the official document if you guys want to check that out as well listed down below in the description now moving on with the current situation with our politicians.
Last night, steve, mnuchin and mark meadows went ahead and discussed their negotiations that they had with the democrats. It wasn't the best to say the least. They didn't make that much progress and pretty much what they said was. We haven't made a move since the past two weeks.

Nothing has changed so for all the people that comment. Oh, nothing has changed. This is still the same news literally, nothing has changed and this is still the same news. So thank you for letting everyone know, as you guys know, as much as we want new news to happen, the people, the reporters, the youtubers, no one here decides on.

What's gon na happen, the decisions are made in dc. The decisions are made by our political leaders. Don't shoot the messengers not even on this channel but any other bigger youtubers? I know many people like to take their frustrations out on what they receive, but hey guys, don't shoot the messengers we're just trying to help out the people here and we're just trying to report any little current news, even every little change that we know of so At the moment, not much has changed unfortunate, to say the least. I wish more things have changed, they're, not making as much progress as we would expect.

Hopefully, this week we can still hear something, but it has been a pretty slow start to the week. That is what we have for today's video, if you guys didn't, enjoy this video, if you guys are watching me right now up until the end, i just want to say thank you all so much for sticking by don't forget to drop a like on this video. Don't forget to subscribe if you guys found any type of value at all or if you guys enjoy these type of videos. My question to you down below is how do you feel about the current situation? You know right now: it's a tuesday we're in the middle of the week and it's frustrating for a lot of people, but i want to hear from your thoughts just frank raw.

Let me know so. Thank you all so much for tuning by another video stay safe. Have a productive day, and hopefully i'll see you guys in the next one peace out.

By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “$1200 stimulus check update | good news?!”
  1. Avataaar/Circle Created with python_avatars Dalton Taylor says:

    I lost my home because of them fighting, me and my wife are now living in a car and it's on its last go around

  2. Avataaar/Circle Created with python_avatars Marie Charles says:

    Omg if trump become president this for the 2nd time this world is definitely gonna come to a end he's just terrible I still don't see what have he done to make America great …..

  3. Avataaar/Circle Created with python_avatars Justin Lewis says:

    These stimulus updates are trash! No one cares! You do not need a new video everyday about this.

  4. Avataaar/Circle Created with python_avatars Britney Sanders says:

    POV : you come to the comments to find out if theyve made any real decisions but all you find is people saying how we need new congress and that theres too many updates

  5. Avataaar/Circle Created with python_avatars luis Promo1 says:

    Great info Mr.Brian …have you heard anything on rehire incentives, or $10,000 to the Eidl Grant. Thank you for all …

  6. Avataaar/Circle Created with python_avatars karen Norris says:

    I understand people need in employment checks.other people need stimulis checks. There has to many delays and broken promises of packages passing. Nobody likes being lied to…if a check s coming for Real then send the damn thing.I can't believe how badly the american people have been treated.what a let down.

  7. Avataaar/Circle Created with python_avatars Trevor Wallace says:

    Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable on the digital world has enormous value

  8. Avataaar/Circle Created with python_avatars Zombie Grease says:

    The president's black budget is billions that nobody knows where it is going, yet we the people can barely put food on the table.

  9. Avataaar/Circle Created with python_avatars Be Gi says:

    Hi good to see you again..i think President Trump did a great job and I thank him very much for going the extra mile and doing this to help us…the Democratic party held it up..he has my vote in 2020..mazel tov to you and many blessings

  10. Avataaar/Circle Created with python_avatars Kathy Cortez says:

    I think Americans are suffering and we need help my mh is paid for but I still have to pay lot rent

  11. Avataaar/Circle Created with python_avatars Ryan EZ Matthew's Lyfe says:

    Say does anybody know how I would go about changing my Bank account that the first check got deposited into?? I closed that account so how would I go about letting the Government know my new account Information?????thx Guys

  12. Avataaar/Circle Created with python_avatars Dwil4eva says:

    I like how clear and detailed your videos be… but our economy is on a downward spiral while waiting on funding from the federal government… prices steady going up but money running low…. jobs with limited hours…. this is not how it should be….we need relief..

  13. Avataaar/Circle Created with python_avatars F says:

    Everyone is patiently awaiting a new stimulus handout, and I think they'll continue waiting until the end of September.

    Make sure to tune in twice daily, for updates!
    👍🤣

  14. Avataaar/Circle Created with python_avatars JEXMO MEXMO says:

    Omg dude I love your videos but u made too many stimulus videos hahaha I’m tired of seeing insignificant changes

  15. Avataaar/Circle Created with python_avatars Lenora Nave says:

    The states that are complaining about this are states that don’t balance their budgets and want a bailout from the federal government

  16. Avataaar/Circle Created with python_avatars Ricardo Cuevas says:

    STRANGE that Trump is the 45th President but the "boost" is only 44 Billion. Hmmmm

  17. Avataaar/Circle Created with python_avatars Cedric Beasley says:

    Hi Brian, thanks for this video—very informative. However, I have a question about credit cards, I have been applying for multiple cards lately, I have noticed that the banks seem to rotate their pulls with all three bureaus. My last few pulls all hit my Experian report and nothing on the other two. So, can you tell me what are the normal rotations for the big banks, or how can I tell which bureau a bank is pulling from at that moment?

  18. Avataaar/Circle Created with python_avatars Maxican American says:

    Way Better Channel then the regular TV … keep bringing in that content and updates …

  19. Avataaar/Circle Created with python_avatars RACER says:

    So we are all clear on the factualities as of the new UI. The 600 UI ended in all states with the week of July 25th! The new 400 if it even happens, is retro back to the ending date of the 600.That is from the wording within the exec order!

  20. Avataaar/Circle Created with python_avatars Meditation Relaxing Music says:

    They're taking a week off to work on their personal campaigns and just going to forget about the many American's that can't afford to live and are being thrown out of their homes. How selfish is our government bodies. Why do you think Trump is trying to pass something, it's to get the congress bureaucrat's to get agreed upon something NOW! They have deliberating on these subjects for weeks already, just agree and move on to next next issue. I say, pull your thumbs out of your a…… and past something to help the people who voted you into office.

  21. Avataaar/Circle Created with python_avatars LetArtsLive says:

    You want raw these m********** don't care about the people and the country is supposed to be for the people and they got to do 8000 Pages just to pass a f**** law is b***** that's what it is they go home to their mansion while everybody is suffering and they don't give a flying f*** about us there's raw for you

  22. Avataaar/Circle Created with python_avatars Harriette Macy says:

    The democrats are holding it up!!! They want a trillion dollars to rebuild cities that are destroyed by allowing looting and rioting

  23. Avataaar/Circle Created with python_avatars Sam gelinas says:

    You're not reporting anything. You're repeating yourself. Making obvious statements that anything more than 1000 would be better.

  24. Avataaar/Circle Created with python_avatars sanders journet says:

    Why y’all want just $1200. Y’all seem mad , cause it’s not here yet. Y’all should be mad about $1200. Checks when all families are impacted in this country ,cause of this virus. We should be getting at least $3500. , this virus is destroying this country. People are mislead on safety to protect themselves. I can’t understand when ; I see the amount of people fighting carelessly to keep spreading this virus. What’s so hard about wearing a mask to protect yourself & others ???? What’s so hard about keeping your hands clean before & after using everything everyone else uses ???? People need to be forced to stop the spread of this virus !!!! If you get out your house with an attempt to spread this virus , cause or no protective gear on you go straight to jail for 3 months.

  25. Avataaar/Circle Created with python_avatars Tonya Shadden says:

    This pandemic is not our fault we didn't ask for this, so why are they just sitting on their hands! It's not like we want to be out of work and waiting for the government to send us money this is sooooo ridiculous! They need to hurry up and help the American people!

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