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#StimulusUpdate #2000Stimulus
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“The CARES Act was expensive, but it provided support to a wide range of interest groups. The $2.2 trillion act included a one-time $1,200 stimulus check for eligible taxpayers, supported unemployed workers with an additional $600 per week, and it provided $130 billion for healthcare spending, $367 billion for small businesses, $500 billion in loans to large businesses, $150 billion for state and local governments, and additional stimulus provisions.
However, the scope of the new stimulus bill proposals is limited to stimulus payments to individuals – and they all cost significantly more than the CARES Act.
The most costly of these three new stimulus proposals could cost up to $10 trillion. Even the smallest of these proposals would likely cost in excess of $3 trillion. This is approximately $1 trillion more than the CARES Act.
We previously ran an analysis estimating the cost of these programs as:
Automatic Boost to Communities (ABC) Act – upwards of $10 trillion
Emergency Money for the People Act – upwards of $4.5 trillion
Monthly Economic Crisis Support Act – in excess of $3 trillion”
Source:
31 comments
I thought it should be a fair amount for each household. I think that is realistic.
If the $2,000 a month check doesn't happen, the U.S. economy WILL COLLAPSE!
Pelosi is trying to go big! In her own pocket! 2/3's going to government of a 3trillion bill….
I was disqualified from receiving unemployment insurance benefits, am I also be disqualified from receiving pandemic benefits from federal stimulus assistance fund? Please help, thanks.
This bill just show how Political this is!! How sad…
I dont know why they are worried about giving the money. People will spend the money to stimulate the economy. Just quit the bickering and give us the damn money.
1200 is not enough 2000 is good
But not everyone has a kid or partner…$6,000 is far from from the average person. $1,200 is NOT enough
Hi, quick question, I received a $1000 deposit from the US treasury. What’s it for? Is that part of the stimulus payment? Wasn’t it supposed to be $1200?
The saddest part is the $1200 is struggling to pass too
Yes, we differently deserved that $2000.00,
The reason being was giving none residents and 16 years old and up was just plain NUTS, NOT realistic at all, its like they did this knowing it was not going to pass, NOW if it was $1,200 to $2,000 a crossed the board at starting age 21 years old and older, then maybe it would of passed. Yes $1,200 does not go a long way or pay ones rent in many areas of the country. Where I live at rent is around $1,800 per month or higher everywhere. Just my 2 cents
Thank you Brian for all your info .
Keep up with your good attitude it's great, god bless you.
I feel like we need the 2k per adult citizen non-dependent w/ less than 100k/yr., couples less than 200k, 500/mo dependents. I also think that we need it for multiple months, minimum 3.
I'm thinking it's fair! But what it's going to cost us in the long run is gunna be detrimental to the people that make 30,000/year when the prices get jacked after this is over. I know this is gunna hurt people such as myself.
Happy 100k!
My mom get her money direct deposit but me and my husband don’t have money yet work pay tax not received nothing
Who'd have really thought that it wouldn't pass.. there is something called inflation that happens when you get too much money and not enough to pay for that debt..
Well, we need a water heater and new flooring (the carpet is plain nasty). Local businesses would benefit from this.
You know whats realistic? NOT getting enough stimulus $….
Any amount of additional payments would go right back into the economy as people spend so theoretically, these $2000 checks would sort themselves out. Not as high as normal interest rates, but still work out.
But we don't make 6 figures a year, so this would help everyone out!,
$1,200 is just rent for 90% of people. That's not counting utilities which include phone, internet and cable. Most families spend at least $200-400 on groceries/food EVERY WEEK. If you're living alone and don't get unemployment you're screwed, AKA, move back in with your parents time. It's NOT enough.
Yes we need the $2000 stimulus a month and $500 because of living is constantly rising. $1200 is not nearly enough. I hope we get $2000 now.
$2000 every month up to a year. It's needed, not $1200
We not gonna get 2k because the policiticians cant get a backhand deal on that hence why a 3trillion bill has a low % just as a direct payment
We all know no way in hell 2000 a month will pass even for 3 months they won't even give use 1200 for 3 months let alone 2000 this bill sucks and I'm hoping they raise it even to 1500 for a couple months but we have dreams
Hi!
You give great information and I agree with you $2000 will not be enough and it should me more.
Brain keep bringing us true information and have a great day.
Thank you
Kids under 18 do not need 1200 or 2000
I think they should let people borrow from their social security like that eagle plan or whatever it's name is
I am still waiting for my first stimulus check it's a green card direct deposit social security do you know what's going on with it