Second Stimulus Check Officially Confirmed In The HEALS New Act – Brian Jung

We got some great news with regard to the next stimulus check-update. So the republicans FINALLY unveiled the second stimulus package proposal.

No this is not the Heroes Act, the CARES Act, or The Cares act number 2. This is called the HEALS Act which stands for the

HEALTH

ECONOMIC ASSISTANCE

LIABILITY PROTECTION

& SCHOOLS

Now whats included in the HEALS act is the second rounds of $1200 stimulus checks to Americans.

All of last week we received confirmation on this and now we finally have it in the GOP legislation.

ALL OF OUR POLITICAL LEADERS ARE IN FULL SUPPORT OF THIS SECOND STIMULUS.

This includes The House, The Senate, Democrats, Republicans & Even the President.
SO HOW MUCH MONEY ARE WE TALKING?

The second round of direct economic relief payments will be at around $1200 for single filers and $2400 for eligible joint filers.

Now we had a lot of issues with full-grown adults listed as a dependent in the first round that never got stimulus checks. This time Mitch McConnell specifically stated that the HEALS will provide MORE SUPPORT for those adult dependents.

The Republican proposal also mirrored the $75,000 single filer cap as well as the $150,000 joint filers cap.

This is REALLY good news because McConnell was pressed on the idea that the stimulus payment cap would be at $40,000 so its good to hear that they reasoned toward a bigger for the people.

Now they actually made the demographic eligibility much better than before.

This time they are looking to provide more support for college students and dependents regardless of age. Previously the first round of payments provided $500 to dependents but they had to have been under 17 years old.

So that weird adulthood gap where a teen is transitioning into a young adult. They are looking to include that demographic.

If we reflect on the situation and look back a few months GOP leaders were in UNIFIED DISAGREEMENT for stimulus checks to the people, but now we are seeing it included in their legislation.

I wonder if its because they are hearing the outcry’s from the people or if its because there is still a surge in cases and a worse economic outlook.

Comment below what your theory may be on why Republican leaders made such a hard pivot on the stance with these checks.

SO WHAT COMES NEXT?

Well over the next few weeks Republicans and Democrats need to compromise on the legislation that we have on the table.

Just because we have a second stimulus check in the HEALS act does not guarantee that it will come to fruition in the final bill that is ultimately passed and signed into law.

The HEROES Act and the HEALS ACT need to meet in the middle for us to finally get some type of payment.

Let me know your thoughts down below. Hit that like button if you enjoyed this video.

Much love to my people.

See yall in the next one.

Peace.

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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.

#Stimulus #HealsAct #StimulusUpdate

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