Changes: $1,400 Stimulus Check Package & Janet Yellen Update!

hey everyone we kevin here with an

update on stimulus and what janet yellen

just said first the paycheck protection

program will have a massive change

coming out

on wednesday businesses with more than

20 employees will be completely blocked

from applying for the ppp

loan starting wednesday for two weeks

this is an

effort to provide smaller businesses the

opportunity

to get in line for a paycheck protection

program loan

which is forgivable money if you follow

the rules of the program

if you haven't signed up for the ppp yet

and you're self-employed or running

business

go to a website like medkevin.com veeam

v-e-e-n

all you need is your tax return your

corporate tax return if you have a

corporation

driver's license last month bank

statement and uh they usually ask you

for a voided

check as well if you have this

information taking like 15 minutes bang

it out do it apply

i'm not affiliated with this company but

go to metkevin.com

veem now in fairness i have to start the

video off with some form of an affiliate

link so make sure to go to medkevin.com

bf and get up to 250 in cryptocurrency

so you can see

your money evaporate oh gosh sorry

that's a reference to the market being

rough today uh i mean so you could see

your money make seven percent in

interest well on whatever's left but

anyway go to medkevin.combf

and uh yeah check it out okay let's keep

going with the update

janet yellen spoke today the american

rescue plan she says

gets money to the people who need it she

spoke this morning

on a new york times column with an

anchor from cnbc

which i thought was an interesting mix

but anyway rental assistance stimulus

checks unemployment child tax credits

all of these things are tools to get

money to people who need it she says

and she says that the money we spend

will pay for itself

she says that interest rates have been

drifting down we don't need to be

worried about inflation

just look at traditional measures

everything is fine there's no need to

worry there's no need to panic banks are

doing really well

everything is absolutely fine just

whatever you do

do not i beg of you do not

look at what tesla stock is doing today

because whatever it's doing today

and it's certainly by no means on screen

today but whatever tesla is doing today

has nothing to do with being down a lot

okay moving on

okay so anyway uh let's uh instead move

on to the other things janet ellen

talked about like hey how about a

financial transactions tax are we going

to see a financial transaction tax

janet yellen might not think so she says

it's worth looking into

but she's worried that a financial

transactions tax would end up hurting

retail investors more

instead she says instead of trying to

stimulate the economy and bought

or stimulate the government's

pocketbooks

by taxing people when they buy or sell

stocks she says that focusing on

corporate

taxation is much more important raising

the corporate tax rate maybe not as high

as it used to be in the 30

35 plus percent range uh but instead

raising the corporate tax rate from

where it is now at 21

to 28 she's also not in favor of a

wealth tax because it's difficult to

implement

but does believe that eliminating these

stepped-up tax bases could be worth

looking into

then she talks about how bitcoin is

extremely inefficient

and it takes too much energy to well

process

and to create proof of work this is

something that has been a very large

criticism of

bitcoin though bitcoin fans say hey the

modern monetary systems also use a lot

of energy so let's be real here

anyway we are 20 days away from the

expiration of covet relief the house

budget committee takes up

the coveted relief bill today the bill

is expected to get voted on in the house

of representatives either

friday or saturday and nancy pelosi can

only afford to lose

five votes if five democratic

representatives in the house end up

siding with republicans

the bill will still pass but if six vote

against the bill

the bill will fail in the house and it

won't even go over to the senate

now i'm not exactly sure why the bill

would get voted on on friday or

saturday nancy pelosi i'm pretty sure

indicated she wanted to see this bill

voted on by the 22nd or 23rd

but then again it's congress so we'll

probably be watching this vote on

saturday and then we'll see it go on

over to the senate which by the way

as soon as tomorrow we expect that the

senate parliamentarian

could rule whether or not the minimum

wage ill will be eligible

for increase as part of the budget

resolution bill that we're expecting or

the budget reconciliation bill

now according to punch bowl news senator

bernie sanders put out a statement

saturday saying that he is quote

confident

that the senate parliamentarian would

rule that raising the

minimum wage is permissible in a budget

reconciliation package

now we'll obviously we'll see so here's

kind of an

outline in terms of the time frame of

what we can expect to happen here

tuesday well maybe today we'll hear

something from the house budget

committee maybe maybe not

tomorrow maybe we'll hear from the

parliamentarians so maybe tomorrow

we'll know whether or not we're going to

see the minimum wage happen because if

the parliamentarian votes against

the minimum wage change being part of

the budget reconciliation bill

then it's very likely that joe manchin

is going to vote no on the bill

and chuck schumer will have to remove

the minimum wage ass

or provision to actually get the proper

democratic votes

however even if joe manchin goes for it

there's still kirsten cinema who might

vote against it because she is anti

the minimum wage provision though she

recently hasn't been super vocal about

that

uh she had a political interview about

three weeks ago i haven't

recently heard her renew her call saying

she will definitely vote against the

stimulus package so

we'll just have to wait and see what

comes tomorrow as usual there's a lot of

wait and see

but anyway uh make sure if you have not

yet take a look at this series of videos

that i have breaking down

not only the new terms of the 1400

stimulus track there's a video for that

check out the video breaking down the

child tax credit check out yesterday's

video breaking down a ton of

questions and answers that many of you

have and of course check out

the video breaking down the unemployment

provisions of this bill

i do plan to release a few more videos

on other provisions of this bill

and if you have suggestions for areas

that you want me to take a look at make

sure to let me know but this is the

online for right now

a little more wait and see we got janet

yellen going don't worry about the

market collapsing

it's all fine there's no inflation

coming to take our attendees away just

don't worry about it it's all gonna be

okay we're sending you a check very soon

anyway folks if uh you're having a

decently good day

go to medkkevin.combf and get yourself

up to 250 dollars of

free money thank you so much for

watching and folks we'll see you in the

next video

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