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Will There Be A Second Stimulus Check?
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Will There Be A Second Stimulus Check? 3 new proposals in Congress this week
Let's talk about the stimulus and the second stimulus check. Are we still getting a second stimulus check? Luckily there are 3 new bills that I want to talk about that were recently introduced to get the ball rolling once again. Let’s take a look at our 3 proposals and what we’re going to get.
Proposal 2: Second stimulus proposal was from a bipartisan group of lawmakers (both republicans and democrats) with a budget of $908 billion. It asked for $288 billion for small businesses such and the Paycheck Protection Program loan. As well as $160 billion for state and local governments which is something the Democrats have really fought for to have included in a stimulus bill, that the Republicans have fought against. But in exchange, the Republicans would get liability protections by temporarily freezing certain covid related lawsuits. There was also a federal unemployment benefit of $300 a week for an additional 4 months. $16 billion into helping get the vaccine into people’s hands, contact tracing, as well as $82 billion for education and $45 billion into transportation. This stimulus was arguably the closest thing we had to a deal, unfortunately Mitch McConnell rejected this bill saying he didn't want to send the President a bill he didn't think he would sign.
Unfortunately, the 4 week extension on for unemployment benefits does not add additional weeks if you used up all your UI benefits. The third proposal also does not mention any stimulus checks.
The next date to watch out for will be December 11th when Congress gets together to propose a budget. They want to try and negotiate a deal by rolling the stimulus bill into the government budget. If this does not get done, there will be a risk for a government shutdown. December 11 is the key date to pay attention to for our next hope for a stimulus check
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Let's talk about the stimulus and the second stimulus check. Are we still getting a second stimulus check? Luckily there are 3 new bills that I want to talk about that were recently introduced to get the ball rolling once again. Let’s take a look at our 3 proposals and what we’re going to get.
Proposal 2: Second stimulus proposal was from a bipartisan group of lawmakers (both republicans and democrats) with a budget of $908 billion. It asked for $288 billion for small businesses such and the Paycheck Protection Program loan. As well as $160 billion for state and local governments which is something the Democrats have really fought for to have included in a stimulus bill, that the Republicans have fought against. But in exchange, the Republicans would get liability protections by temporarily freezing certain covid related lawsuits. There was also a federal unemployment benefit of $300 a week for an additional 4 months. $16 billion into helping get the vaccine into people’s hands, contact tracing, as well as $82 billion for education and $45 billion into transportation. This stimulus was arguably the closest thing we had to a deal, unfortunately Mitch McConnell rejected this bill saying he didn't want to send the President a bill he didn't think he would sign.
Unfortunately, the 4 week extension on for unemployment benefits does not add additional weeks if you used up all your UI benefits. The third proposal also does not mention any stimulus checks.
The next date to watch out for will be December 11th when Congress gets together to propose a budget. They want to try and negotiate a deal by rolling the stimulus bill into the government budget. If this does not get done, there will be a risk for a government shutdown. December 11 is the key date to pay attention to for our next hope for a stimulus check
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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