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:
“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.
48 comments
Not impressed with this video….sorry.
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!!
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…
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.
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
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…
Payroll tax and stimulus check should be applied
"American's vote all!'- of these people"!- out!!!' Don't forget it!!!2020'- Tell- them'- yo All are fired!!!!'2020!!!-' Now!!!"
$1,200 is nothing, especially with hyperinflation looming around the corner !
How about hazard pay for essential workers?
The Democrats want to do everything they can to stay out of prison !
I don't even get my first stimulus check yet, won't be a good news for me!
Fucc it $1200 is better then nothing. Gotta find a way to be grateful ppl.
I wish I could get a stimulus check. I never received one, would help
This could have been a 2 min video.
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.
MY FAMILY NEEDS STIMULUS PLEASE HELP US, USA GOVERNMENT!
Thank you for keeping us updated
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..
It's not pur government giving us anything? They are Barrowing it! From our grandchildren! Federal reserve get interest! That's not giving..:(
We the people are to blame?? We voted in? We let them break constitution? It's all our fault.
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!
They can bail out banks with no hesitation. I wanna know who wants to give less money?
Actual update is at 08:10
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 won't do anything with McConnell, who suddenly left town.
make an onlyfans
Let's see 1200 is real i just don't believe in the white house….
I would forgo a stimulus check in favor of payroll tax cut
Don’t forget that the $1200 is not enough in Illinois!
It's not very different from a communist Government.
This pandemic is going to get worse… Winter is Coming
Maybe I'm in a bubble because all I see is people spending money. I don't get the struggle.
I rather get 2k a month for 6 months
If you had to put in your info on the IRS portal do you have to do it again for this round?
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.
“More high than ever before “ I think you meant “ higher “
2K Day Traded is 10K !
i still haven't recieved a first stimulus check
I still haven't seen the first one
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.
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
I appreciate you for this breakdown
Thank god I'm not waiting for this.
Take the difference they need from their own payroll. Everybody's taking a cut in pay. So should day
Is there a website where you can update your Bank account info for them to send the check?
I would like the stimulus check. Pay roll tax cut won't help so of us as much as others
I cant want to immediately remove it from my bank account