In today's video, we are going to be talking about everything you need to know about the second stimulus check for Wednesday, July 22nd.
https://www.instagram.com/creditbrian/
Here is the current news with regards to the full stimulus package that was passed back in March.
1. We are seeing an increase in cases related to the pandemic
2. Schools debate on reopening for the coming year and new stay at home orders are also in the works.
So where are we with the current situation for the second stimulus package?
Right now Republican and white house leaders are having a ton of internal conflict on a common consensus of what goes in the bill.
It's tough enough already when you have republicans and democrats going head to head, BUT right now we're seeing debates within similar political parties as well.
So WHAT are those disagreements exactly???
Even if you are considered "right-wing" there are still many different aspects inside this that you can disagree upon
Here we have republicans to conservative to nationalist.
Ranking the traditional ideologies from one end of the spectrum to the other.
This is for both parties, republicans and democrats alike.
Now what republicans are beefing about are a few things:
1. The overall cost of the bill.
1. They are looking to keep the size of this next stimulus package within reason. This is an estimate of 1 trillion dollars which is half of what we had passed last time.
2. Payroll tax cut.
1. President Trump wants a full repeal of the 15% payroll tax cut which is shared among employers and employees. This alone would cost the government $600 billion.
1. The benefit of the payroll tax cut is that workers get to keep more of their paycheck and anyone self-employed pay less taxes on the amount of money you make.
Now the downside?
Well check out this quote by senate republican John Thune
“If it’s a choice between doing checks and payroll tax cut, I think it’s pretty clear the checks actually have a more direct benefit to the economy.”
On the other hand, we have other republican senators argue that
“This doesn’t require any action, it requires less, it requires doing less of something not doing more of something,” said Senator Kevin Cramer (R-North Dakota).
Referring to how easy it is to implement this rather than going through hoops of coming to an agreement on stimulus checks and having them successfully disbursed.
3. Unemployment benefits.
1. This Friday the $600 unemployment boost is coming to an end.
1. The most recent article that we have received is that Republican leaders are looking to extend unemployment to two things. $400 a month or $100 per week or $200 per week.
This would be coming from the $600 per week benefit that Democrats were looking to extend until the next year.
Regardless this is a HUGE decrease in what people were originally receiving and at the moment until anything gets passed. The boost end in two days, so right now its nothing.
Now, here's the REALLY GOOD NEWS.
Republicans are now in support of a second stimulus check.
Back in May, we had a lot of opposition and it was a unified voice that the republicans argued against a second payment.
Now with increases in cases, and the June Jobs Report showing an uneven recovery it looks like we do have some bipartisan agreement for the second stimulus check.
Yesterday Mitch McConnel officially endorsed the second stimulus check for the first time.
He said “We want another round of direct payments – direct payments to help American families keep driving our national comeback,”
The date on when we should expect additional stimulus is still on August 7th.
Let's hope that Congress can come to an agreement quickly so we can finally see some additional economic relief from our government leaders.
Comment "FOUND YOU" if you are reading this.
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.
https://www.instagram.com/creditbrian/
Here is the current news with regards to the full stimulus package that was passed back in March.
1. We are seeing an increase in cases related to the pandemic
2. Schools debate on reopening for the coming year and new stay at home orders are also in the works.
So where are we with the current situation for the second stimulus package?
Right now Republican and white house leaders are having a ton of internal conflict on a common consensus of what goes in the bill.
It's tough enough already when you have republicans and democrats going head to head, BUT right now we're seeing debates within similar political parties as well.
So WHAT are those disagreements exactly???
Even if you are considered "right-wing" there are still many different aspects inside this that you can disagree upon
Here we have republicans to conservative to nationalist.
Ranking the traditional ideologies from one end of the spectrum to the other.
This is for both parties, republicans and democrats alike.
Now what republicans are beefing about are a few things:
1. The overall cost of the bill.
1. They are looking to keep the size of this next stimulus package within reason. This is an estimate of 1 trillion dollars which is half of what we had passed last time.
2. Payroll tax cut.
1. President Trump wants a full repeal of the 15% payroll tax cut which is shared among employers and employees. This alone would cost the government $600 billion.
1. The benefit of the payroll tax cut is that workers get to keep more of their paycheck and anyone self-employed pay less taxes on the amount of money you make.
Now the downside?
Well check out this quote by senate republican John Thune
“If it’s a choice between doing checks and payroll tax cut, I think it’s pretty clear the checks actually have a more direct benefit to the economy.”
On the other hand, we have other republican senators argue that
“This doesn’t require any action, it requires less, it requires doing less of something not doing more of something,” said Senator Kevin Cramer (R-North Dakota).
Referring to how easy it is to implement this rather than going through hoops of coming to an agreement on stimulus checks and having them successfully disbursed.
3. Unemployment benefits.
1. This Friday the $600 unemployment boost is coming to an end.
1. The most recent article that we have received is that Republican leaders are looking to extend unemployment to two things. $400 a month or $100 per week or $200 per week.
This would be coming from the $600 per week benefit that Democrats were looking to extend until the next year.
Regardless this is a HUGE decrease in what people were originally receiving and at the moment until anything gets passed. The boost end in two days, so right now its nothing.
Now, here's the REALLY GOOD NEWS.
Republicans are now in support of a second stimulus check.
Back in May, we had a lot of opposition and it was a unified voice that the republicans argued against a second payment.
Now with increases in cases, and the June Jobs Report showing an uneven recovery it looks like we do have some bipartisan agreement for the second stimulus check.
Yesterday Mitch McConnel officially endorsed the second stimulus check for the first time.
He said “We want another round of direct payments – direct payments to help American families keep driving our national comeback,”
The date on when we should expect additional stimulus is still on August 7th.
Let's hope that Congress can come to an agreement quickly so we can finally see some additional economic relief from our government leaders.
Comment "FOUND YOU" if you are reading this.
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.
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The 600.00 stimulus ended before JULY 31ST
I did not receive the 600.00 stimulus this week so it expired before July 31 OBVIOUSLY
Brian. Something no one has considered that unemployed people have extra expenses for being unemployed. Take for example Cobra costs. I pay $1,000 a month for Cobra as a single person. A family probably pays $1600 or more for Cobra each and every month when not working if they want to keep their health insurance. Factor this in and regular unemployment in most states, paying $500 a week barely get enough to cover health Care premium. So no, $100 or $300 a week isn’t sufficient to keep most people afloat. I wish people would address this so people have a better understanding that other than the lowest paid employees, no one is getting rich and being lazy because of the extra $600 a week that was being paid.
I really enjoy your videos. Good information you are sharing. Stay safe..
It’s fuckit up the people working don’t get the 600 hundred too work risking there life’s
I don't care about future debt. Some people are about to be homeless. In certain parts of the USA they are not completely opened, others are regressing because of the new COVID cases. Other nations have helped their citizens, while we have been shamed by our own government who put us in shut down, about the need for help. We have children and elderly parents who may be reliant on us. Where is the compassion. Essential workers where dismissed after all the praising in the beginning of this pandemic. Be ready all you selfish Senators, for change in November.
It’s just a little bit better but still short. The $100 extra I get will go faaaarrrrr in paying my mortgage… 🙄
Yes I agree about the unemployed payments, because a lot of people are not going back to work because the unemployed check's are more than what they get paid for there Job. They need to go back to work.
Lol… you didn’t hear Nancy or Schumer’s press conference. Clearly they wouldn’t pass this.
How about giving the people actually working an extra 600 a week. Everyone collecting the extra 600 a week don’t want to go back to work. They are making more then they ever have on unemployment
Great job on this video…. : ) I think 300 extra a week is more fair…..but personally…I think they should continue with the 600 for a while…people are struggling…the government does work for us…right??!! yeah right…lol….This is an emergency…there should be no vacation time for the government until an agreement to help us is done!
Found you!
If you know, you know.
On a serious note, I hope they consider the citizens at the end of the day. People need money if they can't work and the ones who are working may not be making enough to support themselves and/or their family.
Oh and how do you add those small clips in your videos?
I person ally believe the 600 a week should continue until the next stimulus is sent out. That would make the most sense so people can pay their August rent or any back rent they still owe before going back to work.
They are still trying to I agree or want to give us the Unemployment is holding it up
🤣🤣🤣 when you speak to soon
The CARES Act was not mostly stimulus checks so I'd say half the size of that legislation with majority to stimulus checks would be good.
I think Republicans are just totally out of touch with the reality of the cost of living for the average middle class citzen.
I hope it comes soon! I'm an essential worker & was off for 2 wks with positive COVID test…Thank God I only had mild symptoms for couple days but its got me WAY behind on bills! Trying to keep my head up & work & just do what I can. 🤷♀️ I filed unemployment & I'm waiting for that too…
Thanks Brian for your updates…appreciate it.
What I dont understand is their is a lot of people working "including me" and have not gotten no benefits from the government… no hazardous pay.. nothing and everyday the people are at risk when they go to work while others who are not working have been getting help from the government.
yes the $600 I am still confused, since I work as a substitute teacher if there is no school that means no job. And all online teaching is done my regular teachers. So it took me a while to get the unemployment they rejected saying I did not make enough last year!! to qualify then I send paper work that my ex husband passed away in February so I am not getting any child support or alimony. Frankly first three months I was able to pay rent because of my friends, before I started getting unemployment and I never got my first stimulus check either. Frankly why is the system so screwed, people making $75 K get the money but not someone who makes less than $20k!
My little sister is a hostess at a restaurant and when she got laid off and applied for unemployment she was making more than me and my husband put together mind you we do have a newborn baby and we didn't receive any Hazard pay and even got our hours reduced because of covid-19 if they get unemployment benefits we should get Hazard pay!!!!
2020 has been a nightmare.
FOUND YOU (I'm not the only one right? 😅) Thank you so much for the updates Brian, it's really been entertaining and helpful! Keep up the amazing work! ^^
YES EVERYONE KEEPING IT THE SAME $1200 STIEMLESS CHECKS IN DIRECT DEPOSIT OR BANK CARDS OR NEW DEBIT CARDS FROM IRS .
(YES IF U OWE CHILD SUPPORT U WILL NOT GET A STIEMLESS CHECK NO & IF YOU OWE IRS OR ANY BANKS THEY WILL TAKE WHAT U OWE SORRY BUT NO STIEMLESS CHECKS)
YES DEPENDENTS,SSI,SSI DISABILITY, VETERANS & COLLEGE STUDENT'S YES WILL GET A $1200 STIEMLESS CHECK THIS SECOND ROUND
Your 17yr old will get they own STIMELESS CHECK That's for 17yr old NOT FOR U U MUST GIVE IT THEM OR YOU WILL BE IN BIG TROUBLE. NOW U WILL GET 1200 FOR YOUR SELF AND $500 FOR ANY CHILD UNDER 16 NO MORE THAN 3.(IF U MARRIED U WILL GET $2400 + $500 FOR EACH CHILD NO MORE THAN 3 OR THE FOURTH PERSON WILL NOT GET NOTHING CHILD OR ADULTS.( U MUST GIVE ANY CHILD TO GROWN UP 17YRS TO COLLEGE KIDS THEY OWN STIEMLESS CHECK OF $1200 THIS GOES FOR ANY PAYEES OR NURSING HOME'S THE LAW YOU CAN'T KEEP $1200 FOR DEPENDENTS, COLLEGE KIDS, NURSING HOME'S ,PAYEES OR ANY FAMILY MEMBERS GIVE THEM THEY CHECKS OR DEBIT CARDS 👍)
$1200 CHECK OR DIRECT DEPOSIT AROUND IN August or Sooner
$500 per Child up to 3
17+Up COLLEGE STUDENT'S RECIEVE OWN $1200 STIEMLESS CHECK OR DEBIT CARD OR DIRECT DEPOSIT
ALL GROWN 18 + DEPENDENTS LIVE ON THEIR OWN. YES I WILL RECIEVE OWN $1200 STIEMLESS PLUS $500 PER CHILD
(NURSING HOME'S & PAYEES & FAMILY MEMBERS MOM'S & DAD'S YES U HAVE TO GIVE THE 17+& ELDER DISABILITY THAT U OVER U MUST GIVE THEM THEY $1200 STIEMLESS CHECK ( YOU CAN'T CASH U CAN'T KEEP THEY $1200 NOT YOUR ARE U WILL BE IN BIG TROUBLE)
CHILD SUPPORT YES U WILL NOT GET NO $1200 GO TOWARDS CHOLD SUPPORT PERIOD. NOCHECK MEAN NO U WILL NOT GET NO STIEMLESS IRS WILL KEEP $1200 PAY ANTORNEY GENERAL WHAT U OWE IF LEFT U WILL RECIEVE WHAT'S LEFT ( DON'T GET MAD U SHOULD HAVE BEEN PAYING CHILD SUPPORT IT YOUR FAULT AND ITS IN YOUR COURT ORDERS GO BACK READ GOVERNMENT,STATE, CHILD SUPPORT WANT THEY MONEY TO TAKE CARE OF YOUR KIDS)
How’d you pick your music 🎶
I would love a video debunking all the unemployment myths. We need to debunk all these nonsense! Thanks for your awesome commentary
FOUND YOU. Luv the videos, ur information is always on point!
I really don’t think the issue for the unemployment federal boost is to demotivate people from going to work. We are still in the middle of pandemic and many people are still unemployed. To take away the boost is just cruel.
I think you should do a video on unemployment
Just come up with something..
Read this please.
Congress questioned Muneuchen why SO MANY people had not yet received their 1st Stimulus check.
He tried to weasel out blaming would be
recipients. He was ordered to make sure immediately to get the remaining undelivered payments delivered.
This is an election year. The people are fed up. I for one will remember the politicians who were stingy and uncaring
about the common people.
I understand where they are coming from and their reason is pretty damn evil.
The Stimulus money is freshly "printed
bills" added to our monetary system.
That does devalue to an extent monetary
assets of the super wealthy, including friends of politicians.
(same politicians like Cruz and few others complaining about national debt sure don't worry about it when funding MI Complex excesses.)
These politicians would rather babies go without medical care and healthy food, most people in USA history losing their homes and ending up in the street, and suffering endless on the common people.
Evil men hsve no heart or compassion for others. Caring only to avoid any lessening in value of their money.
PPP is wrought with fraud. Texas Barbeque just one of many instances where someone with Not Even One Business just filled out papers listing 14 bogus businesses . PPP gave him $14,000,000. — $1 million per business.
And he wasn't the only one.
But the Republicans can't adequately fund Stimulus for us??? I've voted Republican for years, but come next election,I am looking to get rid of people like Rubio and McConnell(I think he's retiring anyway).
All voters should vote next election for those politicians who showed compassion.
Replace with a fresh face those politicians who voted against giving sufficient help to those in DIRE NEED.
VOTE THEM OUT
So many ppl are double dipping..
Gov still taking 300+ from me a week… give it to the needy!
Just from the title i thumb down