New Bill! Full Details on $400/mo Unemployment! [Stimulus Check Bill]

hey everyone me kevin here on the new

stimulus package let's take a look at

the actual language

for unemployment and which portions are

getting

boosted we want to pay attention to well

we're gonna make this one easy we're

gonna jump directly

into the unemployment boost section

first thing first extension of

federal p u c and that

is pandemic unemployment compensation

this has to do with the boost

and here's the language for the boost

the expiration

will be instead of march 14th 2021 it

will now be

august 29th so that would be the week

ending

august 29th is when unemployment will

expire

this is different from through september

which is what

joe biden had mentioned sort of on the

campaign trail during the georgia runoff

elections

it looks like he got whittled back to

essentially the end of august

rather than through the fiscal year of

the united states which does end

september 30th of every calendar year

the boost

will go up to 400 there is no retro

activity though to that 400

so it's not like you're gonna get an

extra hundred dollars per week going

retroactively for all those weeks you've

got 300

it's just literally for everything uh

for weeks ending

march ending after march 14th

and before august 29th you will get a

400

per week boost now one of the first

questions that came up for me in this

section was hey what about that extra

100

a quick by the way example as to how

that extra 100

boost works i mean by now you probably

already know because you're either

getting it or not

but in case you're not getting it and

you're wondering like wait what extra

100

boost how does that work okay so here's

just a quick example

let's say you're self-employed and

you're a realtor and you usually make

i don't know fifty thousand dollars a

year but you also have a w-2

job and you make ten thousand dollars a

year because you're working at let's say

red robin i used to work at red robin

bus and tables and so on but anyway

technically because you're employed you

don't qualify for as much state

employment and you get halved in terms

of how much

unemployment pay you can get with your

self-employment income

and so there are fancy calculations that

go into this the bottom line is

congress has said if you're in this kind

of situation and you have at least five

thousand dollars

of a self-employment income and you're

referred to

as essentially a mixed earner you would

be eligible potentially for this extra

100

on top of the boost this is where that

came from it actually came from this

section right here

which is on page 33 of the old bill the

600

bill uh which obviously that's that's

old news that has already passed

but here it's called section 261 mixed

earner

unemployment compensation and this is

where you get an extra 100

dollars in any case in which the

individual receives

at least 5 000 of self-employment income

so if you have that uh but you are

you're getting a larger you would also

have a w2 job you might be eligible for

the x or 100

and so this section here that becomes

very important

because basically i lined these sections

up

i wanted to see is that 100 boost also

getting extended and whether or not that

survives is actually a little bit

tricky to read i think i figured it out

because the only place

mixed earner unemployment is mentioned

is up here

and that has to do with disregarding uh

additional compensation for purposes of

medicaid and chip

so it doesn't really tell us if that

extra 100 boost is going to continue

so what i did is i went over here to

these sections

and basically what they're doing is

they're amending section 2104

e2 of the cares act and putting in these

new

dates uh and they're also

adding these new dates for section 2104b

which 2104b is exactly going back to the

old bill

where the mixed earner status was

amended in by the 600

bill so in other words i'm pretty sure

the 100 boost for people in that

situation

will also be extended through the 29th

but it's ridiculous how they're doing it

because basically the way they do it

it's like

here's the cares act oh let's amend in

the mixed earner thing

and then now here's the 1400 bill and

they're like okay cool let's

amend in a revised date it's a mess how

congress does it but if you're wondering

about that 100

boost i'm pretty confident i'd say 90

plus percent confident the way i've read

this here

that that 100 mixed boost will get

extended through august 29th as

well okay sorry that took a while on

just that one section there

extension of full federal funding for

the first week of

unemployment usually you have to wait a

week to start getting your unemployment

compensation

that was replaced by the cares act where

they're basically giving you that money

a week

earlier then you would ordinarily get it

that is being extended

then we are also seeing the extension of

p e

u c the pandemic emergency unemployment

compensation

that's your state eligibility and that

is extended from

24 weeks to 48 weeks

also the august 29th a date here then

we have an extension here of short-term

compensation will also be extended to

august

29th short-term compensation

another popular one and then any kind of

the ffcra

unemployment provisions those are also

being extended

through august 29th so really the big

takeaway is august 29th

uh 400 boosts not retroactive starting

on the 14th of march

and that 100 boost if you're in that

mixed earner category

should be there as well pretty confident

of that

not 100 on that one though because the

way they write this stuff is insane

uh then we've got let's see extension of

full federal funding of extended

unemployment compensation all the way

through august 29th as well

uh and that's pretty much the gist of it

for the unemployment section so the

unemployment section out of the other

ones

actually takes a whole lot less to

explain a pretty straightforward kind of

what we expected

but good for you to actually see it in

black and white all right stay tuned i

have so far reviewed the 1400

stimulus check the special details for

that the child care tax credit

i will link those uh you'll see them up

here in the corners

or just go to the stimulus playlist on

my channel and you'll see them

obviously now we've done unemployment

i'll go into the other sections as well

stay tuned

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