In today's video, we are going to be talking about everything you need to know about the second stimulus check for Friday, July 31st, 2020.
3 Top Points For The Week:
1. President Trump mentioned in a recent interview that he wants the second stimulus checks to be more than $1200.
- I don't want people to have high expectations of what he said on this.
- Just because he WANTS something doesn't necessarily mean its gonna happen.
- Election year will also be a big influence in saying things people want to hear so as much as I would like a bigger stimulus check I wouldn't 100% bank on this type of information.
2. New Proposal on $1000 stimulus checks.
At first glance, this seems like you would be getting less than our original offer right?
Actually, the $1000 stimulus checks offer MORE money if you have a family because eligible dependents would be earning $1000 instead of $500 and there would be no age limit for dependents like there was for the first CARES act which was capped at 16 years old.
This proposal is called the CAAF act it stands for Corona Assistance for American Families Act.
If we a take look at this visual we can see how this stimulus check differs like I mentioned.
If you are single you would be getting cut out $200 from the government but look if you are 2 parents with 2 children you are getting an additional $600.
Share with me below CAAF act or Cares act
3. House went ahead and canceled the August recess until the next bill is passed.
THIS IS INCREDIBLE NEWS.
So House majority leader Steny Hoyer announced today the House would remain in session until a deal on a bill is passed.
Now it's still unclear if the Senate will be taking that vacation as well but seeing that half of our Congress will not be going on vacation I am hopeful that the Senate will also do the same.
Both House & Senate leader speakers Pelosi and Schumer are opposed to passing 2 different bills and what they are looking for is one single comprehensive bill.
White House officials offered a short -term extension for the $600 per week boost.
Both Pelosi and Schumer rejected the offer because they are looking for a much larger solution.
Although it's been a mess in Congress this past week hopefully we will see some even better news this coming week.
Keep in mind stimulus check progression is still on the table.
We have the $1200 and $1000 amount sitting in the first place and if you received the FIRST stimulus check chances are you will receive a second one as well.
Thank you all so much for tuning by this video and hopefully, I see you in the next one.
Comment "Triple Threat :)" if you are reading this 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.
3 Top Points For The Week:
1. President Trump mentioned in a recent interview that he wants the second stimulus checks to be more than $1200.
- I don't want people to have high expectations of what he said on this.
- Just because he WANTS something doesn't necessarily mean its gonna happen.
- Election year will also be a big influence in saying things people want to hear so as much as I would like a bigger stimulus check I wouldn't 100% bank on this type of information.
2. New Proposal on $1000 stimulus checks.
At first glance, this seems like you would be getting less than our original offer right?
Actually, the $1000 stimulus checks offer MORE money if you have a family because eligible dependents would be earning $1000 instead of $500 and there would be no age limit for dependents like there was for the first CARES act which was capped at 16 years old.
This proposal is called the CAAF act it stands for Corona Assistance for American Families Act.
If we a take look at this visual we can see how this stimulus check differs like I mentioned.
If you are single you would be getting cut out $200 from the government but look if you are 2 parents with 2 children you are getting an additional $600.
Share with me below CAAF act or Cares act
3. House went ahead and canceled the August recess until the next bill is passed.
THIS IS INCREDIBLE NEWS.
So House majority leader Steny Hoyer announced today the House would remain in session until a deal on a bill is passed.
Now it's still unclear if the Senate will be taking that vacation as well but seeing that half of our Congress will not be going on vacation I am hopeful that the Senate will also do the same.
Both House & Senate leader speakers Pelosi and Schumer are opposed to passing 2 different bills and what they are looking for is one single comprehensive bill.
White House officials offered a short -term extension for the $600 per week boost.
Both Pelosi and Schumer rejected the offer because they are looking for a much larger solution.
Although it's been a mess in Congress this past week hopefully we will see some even better news this coming week.
Keep in mind stimulus check progression is still on the table.
We have the $1200 and $1000 amount sitting in the first place and if you received the FIRST stimulus check chances are you will receive a second one as well.
Thank you all so much for tuning by this video and hopefully, I see you in the next one.
Comment "Triple Threat :)" if you are reading this 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.
So in today's video we're gon na be talking about everything you need to know about the second stimulus check for this week now i spent a good majority of the day doing research, and i found three really good things that you guys need to know right now, With accordance to the next stimulus package, now before i get started with this video, i just want to say thank you all so much for tuning by another video. The support has been unreal on many of my videos, and i just want to really say thank you. So much to you guys for all the nice words all the comments all the likes on the video. Let's see for this video we can hit 10 000 likes.
We can hit 10 000 likes. That would be absolutely insane. We've been crushing the light goals recently, and i think this is something that we can do so. Thank you guys so much for tuning by this video.
Let's get into those three points, so starting out with number one. Many of you guys may have already heard this news, but just in case there are a few people who didn't. President trump did mention in an interview that he wanted stimulus checks to be more than twelve hundred dollars now back in the beginning of july. He also did mention this as well.
He wanted checks to be more than they are right now and he wanted a very large amount now, although this would be classified as good news, because it's literally the president of the united states stating that he wants more checks, and he is the last person who's Gon na sign off on a package before it gets enacted as a proposed bill. We need to also realize that this is election year and i don't want people to get their hopes up, and i don't want people to hold him against his word, especially when we have to realize that he is a politician leader and he is someone who is Trying to say all the right things to get back into office, although president trump did say that he wants a much larger amount. This doesn't necessarily mean it's gon na happen. So please, although you may hear some things we may hear billy bob joe say this.
We may hear elon musk say this. We may hear president trump say this, that they all want larger amounts and they are all for the people. It doesn't mean it's gon na happen, but don't count this as bad news. Just keep it inside the back of your brain, let it marinate in there.
What you have to realize is that a lot of the things that are actually going to solidify second stimulus checks to go through is going to come from house congress and our senate leaders. So realizing this type of situation and realizing where the power actually is, i think we get a better idea of what type of information we should actually hold on to election year is big. There is news right now that they are trying to push back the dates of this happening because of the pandemic that we are in right now. It's definitely some very interesting times.
I don't know if they would actually be able to officially push back something like the election year or the election date, but if it does manage to get pushed back, i think we should expect to see some type of more accurate information and have our politicians focus On matters at hand, so they're not going out they're, not trying to focus on rallying up the people, and we don't get diluted with just all this information with politicians and we can really focus at the matter at hand. The number two most important thing you need to know about the second stimulus checks is that there was actually a new proposal today. So at first glance this may not seem like it's a better proposal or it's a proposal that many people would be a fan about, but hold on and hear me out for a second. This proposal is a 1 000 stimulus check. But if you are someone who owns a family, you technically actually get more money than people have with our previous stimulus checks, which is with the cares act and which is with the heels act or the heroes act. This proposal is called the caf act, no not calf, as in, like you know, the muscle calf calf, as in caaf. This stands for the corona assistance for american families act and they actually made a pretty good visual. If you guys look on your screen right here, we'll see that with single member adults you actually may be making less money because you get 200 less on your full stimulus check.
But here we start to see things that are a little bit more interesting for people who own a family. So if you're, a single parent with two kids, you actually get 800 more than our previous stimulus packages. Now, if you have two parents with two children, you still get six hundred dollars more than you would in the past. So that's thirty four hundred dollars compared to the four thousand dollars that the caf act would actually give to you, and i i really hope that i'm saying this act right.
I don't really watch too many other news channels right now. I'm just reading a lot of articles and i'm reading a lot of what the senate is saying. So fox5 is out here saying like the the cave act or the sap act and i'm the only one who's saying caf act. Please don't roast me down below.
I really don't know how uh people are trying to pronounce this, i'm gon na just say the cat fact, though, so with the cat fact. How are families actually making more money? So we look back towards the first cares act and our future stimulus proposals that we have with the heroes and the heels. We noticed that dependents still get 500. What they did is they actually raised that amount and they took away that age limitation, which was at 16 years old in the past, all of my young adults, all of my college students, all of my people who did not receive a stimulus check, or they only Got a 500 amount.
This would actually counteract that, so you would actually be getting the full 1 000 amount, just like every other dependent and if you have kids, maybe they're, two years old, maybe they're three years old. If they're listed on your tax returns as a dependent, the irs knows you have children, you would actually be getting way more money with the next caf act. So, for all my single people, this may not work in your favor but, like i said, if you're a family owner, this is something that you may like more my question to you guys down below is: do you like the cafe? Do you not like it is this something that benefits you or do you think? Maybe this isn't the way to go and we should prioritize everyone getting larger amounts now i do understand that families out here should be a high priority. If you have kids, i feel like they should get a little bit more support because you're feeding more than one mouth than yourself, but at the same time i know that there are a lot of young adults struggling on their own as well. So a big question that i have for the community: do you like the catfact or the karazak, just put down caf in all caps or cares in all caps? If you want to do a quick pull down below, but let me know what you guys think in this situation now number three. I think this is the most incredible news and i have not seen too many people talk about this. It was kind of put under the radar, but i was actually able to find this with just a very lucky google search, because i wanted to hear more about the august recess and guess what a couple hours ago we found out that the house announced that they Would not take a vacation during august. This is this is, i feel like this is really good news.
So what the house is saying now is look we're not going to take that vacation, we're not going to go home until a bill gets passed now, although this is outstanding news, this is probably the best news that we've heard all week more than what president trump Said about having more larger stimulus checks out to the people. I like this because it means that we don't really have this set deadline. That's going to push us out even farther, but although the house went ahead and approved this, we still need the other half of congress to say: okay, we're not going to go on vacation too, because although we have one half of the chain, we need both to Come together in order for this to really work, it's still unclear whether or not the senate is going to do the same thing and say: okay, we're not going to go on vacation either or whether the house is going to be working in dc for the next Month and all of senate goes back in my personal opinion, i feel like the senate is going to follow what the house is doing, because i feel like the election year, which is really being used to our advantage in most cases. I just hope that it's not too big of a distraction.
I hope they're not putting out too many white lies and just saying that they're gon na do all this when they're, not so, hopefully, in my opinion, they are all gon na stay back. They're gon na cancel the rest of the august recess until they're able to come to a vote. The people need money right now. The people are starving, the people are struggling and our leaders need to do a better job by stepping forward and making a better example for our nation. These are are considered leaders on paper and they should be leading our country in an effort that really makes us all look up to them. They haven't been doing the best of jobs. They've really been struggling on negotiations. I feel, like the people have been neglected.
A lot, and in this instance, maybe in some small ways they can actually start making things up to the people, starting with passing additional relief to the people. Now, both house and senate leaders, schumer and nancy pelosi went ahead and said that they do not want two different bills passing at the same time with both of what they want. What everyone wants at this point is one comprehensive build. So what we're not gon na see is the heels act, beta version a .5 one half and then the hero's act, beta version 0.5 one half and then they bring it together and then they got to stamp it like four different type.
No, no! What they're trying to do right now is they're trying to get one comprehensive bill. So if we had a fusion of two, i don't know if i got any dragon ball z fans out here, but it's like goku and vegeta. We got the heroes and the heels. Maybe we'll get the here's act or maybe we'll get the the helos act.
I don't know, but what we should expect to see is one comprehensive bill and that's why it's taking so long for them to come to an agreement. I think another good example is like think about having two toddlers and they both have their favorite teddy bear in their hand. Only one teddy bear gets to get past it, but in order for that, one teddy bear to get past these two parties. These two toddlers are not gon na give up their teddy bear they're, not gon na just throw away the one they have.
What they actually have to do is cut their teddy bear in half and they both need to stitch it together right down in the middle, and then you get this uh. You get this weird frankenstein looking half teddy bear thing, but that's where we're trying to get and when we realize like look party a really doesn't want to give things up. Party b doesn't want to give things up. We just we're at this stalemate right now and it's really difficult for our leaders to come to an agreement when there's so many differences within this package.
Democrats still at the moment, they want something huge. They want to have a lot of things, republicans they want to save money, they don't want to keep going into debt and, at the same time, there are different things going inside of the bill that both of them don't agree upon. Republicans. They want a new fbi.
Building democrats, they want more support with cannabis industries and other things going into the next stimulus package. So you know both of them have their pros and cons. I'm not going to say: oh, the heroes act is completely right and the heels act is the wrong one or vice versa. Heels act, there's no right or wrong in this situation. We just need to create that frankenstein teddy bear and we just need to get people money and then they can get whatever they want. Let's just get stimulus checks to the people. How about that and then we can all move forward. Y'All can get whatever fbi building.
You want, but let's just get stimulus checks out to the people. Let's get support for the people. Have that done and then focus on what you all need to focus on go ahead. It's been a huge mess in congress.
This week and dc has literally been a battle zone with politicians throwing shade at one another trying to come to a decision as people. I really want you guys to stay focused on the facts. Don't get swept up with people saying oh trump is saying this, so it's gon na happen or or our leaders are saying or the one nothing is set in stone until we actually get stimulus checks in our pocket. Thank you all so much for tuning by this video.
I hope this video was able to provide you guys some value, whether you're driving watching this video in your bedroom, your living room, whatever you're doing it really does mean a lot. If you guys could drop a little like on this video just up that that would be really amazing. So hopefully this video was able to help you guys out if you did enjoy it. Let me know down below.
Thank you all so much for tuning by another video god bless. Hopefully i see you guys in the next one peace out.
We all are tired of these lies and head games .we all need our stimules check but not going to get it since those people don't want to help us at all
So i got 714 a week up til last week when it went down to 645, this week it went down to 45 bucks…
$24 from the state of AL and $21 from the gov. I'm not sure how I'm expected to live off of that…
Does anyone know why my benefits have gone down like that?
Keep your expectations low and you will never be disappointed
Talk is cheap unless they plan on placing the common welfare’s America FIRST… the welfare of at least 30 million MORE AMERICANS?mmm Frustrated, hopeless, hungry,-
Brian, these folks are, literally, starving, rationing food so their children aren’t so hungry-
We are praying for the best…
⭐️Heads up, America⭐️
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Dude, you are way off. Just reading nonsense. What do you really know…..nothing.
Brain I love you and I enjoy your videos and you are so so handsome
You are wonderful please keep us updated with the truth I watch you every day thank you so much
Does anyone know if this second check will benefit mix status families? Unlike the first one?
Let's focus in the ones who put all of us in this situation, CCP
Dragon Ball all day everyday. I’m a part of the OG squad who with me?
Cracking up at that Dbz reference. "FUSion-HA!" = Frankenstein Teddy bear hehe
a good speaking voice, do something with it perhaps a blog
PLEASE tell me where I can get a mic like that! Thank you!
That’s because there too many leaders. It’s like a business. Why does there have to be 6 managers all to tell an employee to scrub the shitter? One is good enough.
It pisses me off that they wanna give $1,000 to single household . We struggle too!
I wonder where all the other stimulus checks are? Like May, June, July? All the things we’ve been promised, we got about 20% of… while the rest of the free world, like Canada are taking care of their people til this is over… thank u for voting for trump all u brilliant geniuses … next time vote for Johnny Knoxville or Kanye west or maybe even rupaul… smh… it’s embarrassing… can’t believe there was enough people in this country that thought he was gonna be a good president… how did so many people become retarded all at once?
Mumbo jumbo nothing passed no stimulus money for the ppl at all tired of being dragged around by selfish stingy arguing politicians who don't know anything about empathy & compassion.
I think the going to hustle to get it done by Friday. The only wanted that jop for the vacation they barely work come on now
I never heard the term “owns a family”. Lol. But great video and thanks for the update.
DONT BE ANGRY BECAUSE YOURE HANDOUT ISNT AS MUCH AS YOU WANT
BE ANGRY BECAUSE OUR COUNTRY IS SHUT DOWN AND PEOPLE ARE FORCED OUT OF WORK
WHERE IS THE LOGIC
Brian jong i follow u from day one my brother and I need your help man am desperate my brother my cash app is $KapilChris
Am raising money to burning my son he pass away man and I have money brian but not enough I really need your help please can u help me out please brian I beg u ……
I agree with children getting more in a family but I'm on disability and I'm 62 and did get sick and in tn we are now in the red just in my Hamilton co they are 1900 cases if I have to stock up on food and meds which I've feel a single person needs more than 1000
A few years back the politicians had no problem bailing out the banks. I guess us little people don’t matter.
I recently had part of my right leg amputated due to a bone disorder and trust me disability doesn’t pay well. I agree that parents with small children need it, those on disability need it and SS needs it
Everyone with a ssn should get 1200$ or more…!! And they need to stop efn around like they have for months and get something done for once..!!!
yo mad props to your channel dude you're killing it you got Kevin out here crying like a Karen over-privileged Cry-Baby about your channel and you get so many views I love it dude keep doing what you doing
i will continue to watch your videos even after the corona
WHERE THE FN HECK IS THE ESS WORKERS employed Act a 100$ a week that remained at work and return to work!!!! YOU HAVE GIVEN NOTHING FOR THEM…!! WHILE FULL TIME people that RETURNED TO WORK has been still able to COLLECTING CARES ACT or any unemployment act because their employer pays 10$ an hour x 40= $400 AND ITS BELOW THE $469 MAX BENEFITS by law still can collect while working FULL TIME HOURS ANY ACTS MONEY A WEEK WHILE WORKING!!!
……HELLO KNOCK KNOCK WASHINGTON!!!
It's a matter of tell the People what they want to hear, and thereafter forget you said it, because you did not mean it you just wanted to make everyone believe you did mean it.
Trumps crazy don’t hold your breath he also said the pandemic was a hoax and told people to drink disinfectant