So in today's video, we are going to be talking about everything you need to know about the Second Stimulus Check for Thursday July 23rd 2020.
Introduction:
We now have unilateral agreement between the House and the Senate to send Americans a second stimulus check but at the cost of other proponents in the bill such as the Payroll Tax Cut that I mentioned in yesterdays video: https://www.youtube.com/watch?v=-Ak92yW3suI&t=495s
“One item that will be missing from the GOP plan is President Donald Trump’s demand for a payroll tax cut. Republicans abandoned that proposal even though Trump had suggested he might not sign any bill that doesn’t include it.
Treasury Secretary Steven Mnuchin told reporters that a payroll tax cut will not be included in the bill because the focus is getting money to workers quickly. "The payroll tax takes time," he said.” - USATODAY
Video Outline:
What our leaders are looking to do is to put together several different bills and then address various components that may need alterations.
It’s been months since our last $1200 stimulus check and we have had a strong majority of people emphasizing to our government leaders on how desperately we need another stimulus check to get us through this recession.
What we are hearing now is that it is going to be EXTREMELY likely we will see another stimulus check. The question is how much would it actually be?
$1200 seems to be on the table, but if we can get adjustments within the budget and allocate funds more towards direct economic relief payments. $2000 stimulus checks don't seem out of the picture.
Keep in mind we've had multiple bills that were proposed in the past that were more than $2,000.
We have people stating how little $1200 is in different states of the country.
I recently saw a comment on how $1200 is almost nothing when you're living in states like NYC where cost of living is so much higher than if you lived in e.g. Colorado or Kentucky.
Heres some bad news:
Right now the focus on the debate of the amount of the stimulus checks is really OFF.
Its not a debate on whether this is gonna be $1200 vs $2000.
Its actually whether this second stimulus check is going to be $1200 OR LESS.
Whether its less monetary value or lowering the income limit so LESS PEOPLE would be eligible to receive the second check.
Its just stupid. Thats it.
As millions of Americans continue to either work from home or stay bunkered down due to heightened fears of an increase in cases we have YET to hear confirmation on the stimulus checks.
We should expect the next stimulus package to pass Congress in Early august 1-2 weeks from now.
Would you believe me if I told you that we have millions of americans who still have NOT recieved there first stimulus check.
It blows my mind how little the big guys actually care about the people when it has nothing to do with their lives.
For all the people still struggling I'm sorry about the situation we are in. Im sorry our government continues to let the people down and I really hope that in the next few days we hear solidified information that will pull the stress off your shoulders and put the people to ease.
Let me know what you guys think and if you’re reading my outline until this point comment “FOR THE PEOPLE” down below.
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.
Introduction:
We now have unilateral agreement between the House and the Senate to send Americans a second stimulus check but at the cost of other proponents in the bill such as the Payroll Tax Cut that I mentioned in yesterdays video: https://www.youtube.com/watch?v=-Ak92yW3suI&t=495s
“One item that will be missing from the GOP plan is President Donald Trump’s demand for a payroll tax cut. Republicans abandoned that proposal even though Trump had suggested he might not sign any bill that doesn’t include it.
Treasury Secretary Steven Mnuchin told reporters that a payroll tax cut will not be included in the bill because the focus is getting money to workers quickly. "The payroll tax takes time," he said.” - USATODAY
Video Outline:
What our leaders are looking to do is to put together several different bills and then address various components that may need alterations.
It’s been months since our last $1200 stimulus check and we have had a strong majority of people emphasizing to our government leaders on how desperately we need another stimulus check to get us through this recession.
What we are hearing now is that it is going to be EXTREMELY likely we will see another stimulus check. The question is how much would it actually be?
$1200 seems to be on the table, but if we can get adjustments within the budget and allocate funds more towards direct economic relief payments. $2000 stimulus checks don't seem out of the picture.
Keep in mind we've had multiple bills that were proposed in the past that were more than $2,000.
We have people stating how little $1200 is in different states of the country.
I recently saw a comment on how $1200 is almost nothing when you're living in states like NYC where cost of living is so much higher than if you lived in e.g. Colorado or Kentucky.
Heres some bad news:
Right now the focus on the debate of the amount of the stimulus checks is really OFF.
Its not a debate on whether this is gonna be $1200 vs $2000.
Its actually whether this second stimulus check is going to be $1200 OR LESS.
Whether its less monetary value or lowering the income limit so LESS PEOPLE would be eligible to receive the second check.
Its just stupid. Thats it.
As millions of Americans continue to either work from home or stay bunkered down due to heightened fears of an increase in cases we have YET to hear confirmation on the stimulus checks.
We should expect the next stimulus package to pass Congress in Early august 1-2 weeks from now.
Would you believe me if I told you that we have millions of americans who still have NOT recieved there first stimulus check.
It blows my mind how little the big guys actually care about the people when it has nothing to do with their lives.
For all the people still struggling I'm sorry about the situation we are in. Im sorry our government continues to let the people down and I really hope that in the next few days we hear solidified information that will pull the stress off your shoulders and put the people to ease.
Let me know what you guys think and if you’re reading my outline until this point comment “FOR THE PEOPLE” down below.
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.
In today's video we're going to be talking about everything, you need to know about the second stimulus check for this week. Now we have a ton of great news that we need to cover today and before i get started with all that news, i want to just say thank you guys, all for the support on this channel we've been hitting a lot of likes on the videos that We've been posting recently, i just want to say: let's go for a goal of maybe hitting, i would say, 10 000 likes on this video. If we can hit 10 000 likes on this video, i will promise to continue delivering accurate, easy to hear easy to read. Digestible information that you guys can take back home, so all i ask in return is just a like on this video, if you guys have done that.
Thank you so much you guys are actually amazing. So, let's get straight into this video now at the time of this recording, it looks like we're getting additional unilateral agreement between the house and the senate on sending the american people an additional stimulus check. We'll talk more about how much the stimulus check is going to be later on towards the video and when you guys should expect it. But let's talk more about the details regarding our politicians and what they're saying right now at the white house, it's good to see this type of congruency with our political leaders.
Republicans and democrats are in favor for the second stimulus check house and the senate is going ahead with the second stimulus check. Although we're getting a lot of support on the second stimulus check, there are still other components that need to be sacrificed in order for this. To happen and here's what those are the payroll tax cut was something i mentioned in yesterday's video, if you guys have not yet seen that make sure you guys watch that after this video is over and you guys will have a better idea of what i'm talking About but it looks like president trump's request on the payroll tax cut may not actually go through. I'm really curious to hear where your stance is on whether or not you think a payroll tax cut should go through at the time of this recording.
It looks like in order for a second stimulus check to go through. They are sacrificing the payroll tax cut benefit to other people, so this can get through. Is this something that you like? Is this something that you don't like? What do you guys think about this? Down below now, i found a pretty interesting quote by usa today and here's what they said. One item that will be missing from the gop plan is president donald trump's demand for a payroll tax.
Cut republicans abandoned that proposal, even though trump had suggested he might not sign any bill that doesn't include it. Treasury secretary steven mnuchin told reporters that a payroll tax cut will not be included in the bill because of focus is getting money to workers quickly. The payroll tax takes time. It seems like we're getting a lot of mixed verdicts on this.
One aspect of the payroll tax cut that i've heard in the past is that it's actually a lot easier to implement than the stimulus check. So maybe he's focusing more on the broad scheme of things where we're trying to see a direct impact immediately in the next few months, but regardless of whatever perspective, they have on the impact that something like this may have on the economy. It looks like the payroll tax cut and the stimulus checks are both different ways to stimulate the economy and give money back to the people put it in their pockets and the debate that they're really having right now is trying to figure out how effective it's going To be in the short term run because that's what we need, we need people to get money right now in order for them to survive. During these very unusual times later today, we will have senate majority leader mitch, mcconnell pulled together the rest of the details for the republicans version of the next stimulus package. Most of what we're hearing in the news is continued good news, and i know i'm gon na get some people - brian suck click, baiting, good news, man we're literally getting good news every single day we're getting fantastic news every single day we're seeing progressions towards the next Stimulus package - and yes, it's true on days - we get speed bumps, but we really haven't seen any major roadblocks and at the end of the day it looks like we're reaching our final destination, which is ultimately just money and support for the people. So, what's going on in dc right now, it looks like our leaders are putting together various different bills and trying to come to an agreement on which one is the most significant and which one is gon na, be the most likely to pass it's clear to say That there are gon na be altercations, regardless of whichever build that they choose to go with. Hopefully they will release the further details on this, so we can analyze it and talk about it in depth on this channel, but at the moment the facts are the government. Hasn't released an additional stimulus check for the past few months, since the first cares act, we've had americans crying out to our government, emphasizing the need on additional support.
What we're hearing from our political leaders is that it is going to be extremely likely that we will see another stimulus check and i feel, like the probability of us actually getting. This is now more high than ever before. Once we have this idea that we have a confirmation on second stimulus checks, the next follow-up questions are well. How much is it gon na be, and when should i expect it? So, let's go over.
That 1200 seems to be what's on the table right now, but if our political leaders can emphasize our budget properly allocate it in different areas, it wouldn't be out of the question of expecting a 2 dollar check. We've seen the two thousand dollar a month check being proposed in the past. We've heard other politicians talking about it multiple times and if they really did allocate funds properly, they expanded the budget and realized the importance of the second stimulus check, seeing an amount for two thousand dollars or more isn't out of the question that is in the realm Of possibilities - i've mentioned this point before in some of my older videos, but i do want to reiterate it once again. Twelve hundred dollars in kentucky oklahoma or colorado is not the same as 1200 in new york city, san francisco or los angeles. There are different places with higher cost of living, and i'm seeing the comments down below where people are saying. Brian, i live in new york. 1200, doesn't cover anything that that barely covers my rent. That covers maybe a third of it.
So when you realize that twelve hundred dollars still doesn't have a huge impact on many people, that may actually need this money. The direct emphasis goes towards the idea that there's going to be a stronger likelihood of politicians understanding this catching on to this, and hopefully they may make some increments and adjustments to something like receiving the next check. Now we had a ton of good news in this video, but i don't like sugar coating things and i do want to give you guys, i would say, like the grim or the and news right now, it doesn't seem like a debate is whether the stimulus check Is gon na be twelve hundred dollars or two thousand dollars? It actually looks like they're trying to debate whether the stimulus check is gon na, be twelve hundred dollars max and how much little it's going to be compared to that full amount. What does this mean so either our leaders want to reduce the amount of the stimulus check to something even less than 1200, or they want to limit the amount of people by decreasing that maximum income cap from 75 000, which it was before to something like 40 000 or even less whether it's less monetary value of the actual check or less people receiving it less people in general would be eligible for this check.
But here's the thing the this pandemic isn't just discriminating on how much money you can make the pandemic doesn't choose. Oh okay, we're gon na affect you we're gon na affect you. This is affecting everyone, so it blows my mind that government leaders are right now trying to decide how little people should get when i believe it should be completely flipped, instead of it doing twelve hundred dollars. Let's talk about how it should be more than that.
Let's talk about how we can reach that two thousand dollar amount, how can we do this realistically? Can we take out different budgets? Can we add on to the debt that we may have, regardless of whatever it takes twelve hundred dollar amount, even though it did make an impact on our economy? We've seen multiple studies of this being true, twelve hundred dollars yet again for the next remainder of the possible year, because keep in mind you guys this may be our final stimulus check. This is we're seeing 99 chance that this is it. If we get anything else from the government, this is going to be our last stimulus package, rest in peace to the stimulus check, youtubers and stimulus track. Videos, because this is it once it gets passed. We shouldn't really expect anything else from the government. So if we're gon na see this as our last package, why not make it big? Why not give it to the people that actually need it during this time? In order for us to survive the winter coming up ahead, i know sometimes i'll be getting in the zone. My people, it just it, fires me up it pisses me off. I just really have to censor myself.
You know, because i got a lot of people watching this video, but you know if i was wrong with it. This is effing stupid. You know this is this: is crazy, as millions of americans continue to work at a home or stay bunkered down due to heightened fears of the pandemic, we still haven't heard any official official news on the next stimulus checks. A lot of this is still words from the politicians and how accurate are politicians how out of the world? Is it for them to make mistakes or to even lie about certain things in order for them to get perceived a certain way by the public? Look regardless of what happens i'll just continue to bring out the facts.
You guys, if i hear any bad news, i will make a video on that and let you guys know that there is bad news, but at the moment of this recording it looks like the momentum is continuing to build. Like i mentioned before, when should we expect the next stimulus check, so it should take about one to two weeks for this to pass august. 7Th is the shooting date, but if we were to actually get stimulus checks in our bank accounts, the last karazak took approximately 13 business days for that to go through so on average, a little bit over two full weeks. If we were to put that into perspective, we went to august 7th, we should see things in the beginning of september end of august.
That's when we should actually start to see money in our bank accounts and we're starting to see those checks rolling in it seriously blows my mind how long it's taking our government leaders in order for them to pass something like this we've seen it work before in The past, but the second time it's just taking forever and ever and i was going through the comment section of yesterday's video, and i even saw some pretty hilarious comments. One person even said we'll, probably see the second coming of jesus before we even see the next stimulus check, and i know this is how a lot of people are feeling, because you tune into these videos every single day. But it seems like, regardless of what we hear from our political leaders until we actually see money in our accounts. None of this is really considered that factual or that concrete of fantastic news for all the people still struggling. I just want to say i'm sorry. I'm sorry our government is taking forever on this and i'm sorry the people who literally have done nothing wrong in this situation are the ones facing the consequences. I hope our leaders can do a better job by getting their act together and really by pulling it together. Putting everything aside and coming to a common agreement on the next relief for help for the people.
I really hope this video was helpful. I hope you're able to find some type of value from this. Like always, thank you guys again for tuning by this video. Much love to everyone have a beautiful beautiful day and like always, if you guys have not yet liked this video, don't forget to do that.
Don't forget to subscribe down below, if you guys have not yet already. Thank you again for tuning by, and i hope i see you guys in the next one.
I would like the stimulus check. Pay roll tax cut won't help so of us as much as others
Is there a website where you can update your Bank account info for them to send the check?
Take the difference they need from their own payroll. Everybody's taking a cut in pay. So should day
Wheres my check? I mean I'm not going to go kill the mail carrier for it, but I'm still waiting. More money to incite people to not want to go to work
after reading the comments, i see the majority are upset the amount of the next stimulus is not a larger amount. What I dont see is any comments pointing out why the stimulus checks are not larger (>$1200). Playing Devil's Advocate, I would like to point out many ppl either dont know or dont realize the stimulus checks are part of a package. Meaning, the checks we receive in the mail is just one way we are to receive financial help via the Fed. Another part of the package rarely discussed is the EPIC amount of money allocated to unemployment. Furthermore, the ability to which just about every single US citizen has access to those funds due to the fact "self-employed" individuals now can receive unemployment. All in all, those who need financial help will get it, but only if they know the right avenues in which to attain it.
I wish I lived in Canada. Canada cares about their ppl. 2k a month til rest of the year. America doesn't care about no1 but the ppl who run it.
If you had to put in your info on the IRS portal do you have to do it again for this round?
Maybe I'm in a bubble because all I see is people spending money. I don't get the struggle.
I just wanna know if they gave people a break I’m back Child support Grandy the mother of my child has four other kids she’s getting her stimulus check plusfor other stimulus checks from the babies father including mine that’s a Pay our over 10 grand plus she’s a housing I have a whole entire family that I need to support resize my one child with her but they take all my money her rent is zero dollars because of housing she collects food stamps it gets 10 grand but I lost my job I have four other children to support on my end stimulus check is to help was correct so why give my money to her and I’m still struggling
They can bail out banks with no hesitation. I wanna know who wants to give less money?
Please help me keep the roof over my kids head :,,,( I’ve done all I can to provide threw this. I don’t know what I’m going to do $manof4 is my cash app if anyone is willing to spare what they can. I never thought I’d do something like this but I have no where to turn :,,,( I know I’m not the only one who can use the help,l appreciate anyone who is willing to spare with a stranger. Thank you guys from the bottom of my heart!
We the people are to blame?? We voted in? We let them break constitution? It's all our fault.
It's not pur government giving us anything? They are Barrowing it! From our grandchildren! Federal reserve get interest! That's not giving..:(
It's not for us. They give us chump change and the corporations billions the only reason we get anything is out of guilt or fear we the people will take back our country..
This is off topic . Most people who draw Disability make just 803.00 per month every single month.725 comes from Social Security Disability and 78.00 comes from the state. The 1,200 dollar stimulus was a God send, especially since it appears government agencies have started screwing up cases right and left due to staffing shortages and lack of monies while prices on literally everything we need to buy is on the rise. We on Disability have lived in terror of losing our homes, everything we own and our ability to survive since this administration took over. Now it has gone beyond terror. The dilemma we face with these stimulus checks is do we take it as a given that we are going to lose everything and spend this money on things that will help us survive out on the streets or do we spend it on things that help us survive now in our current places of residence. I suspect many that are not on Disability are facing that same dilemma right now.
I don't even get my first stimulus check yet, won't be a good news for me!
$1,200 is nothing, especially with hyperinflation looming around the corner !
"American's vote all!'- of these people"!- out!!!' Don't forget it!!!2020'- Tell- them'- yo All are fired!!!!'2020!!!-' Now!!!"
politicians don't understand the average citizen struggle… great example they are taking a vacation during a pandemic.. really sad they truly are in a bubble…
Looking like I probably won’t get the check again since my parents claimed me as a dependent in 2019 🙁 I figured after feedback from the last stimulus check they’d try to include adult dependents
Thanks for yur videos and information. Yu have a great spirit and kind heart for us. Thanks. Humorous and Sincere, keep up the videos Stay strong and keep encouraged.
Brian Jung $1,200 not enough… that will not even pay for rent in Seattle, WA. the average 1 bed apartment is 1700 a month…
Sometimes I get 40 hours sometimes I get 20 to 30 hours, just because some are still working doesn't mean we are making the same amount we were in 2018, we all should be getting 1200 a month!!
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