The 4th Stimulus Check | Mark THIS Date.

hey everyone me kevin here in this video

we're talking about the truth about the

fourth

stimulus check and on which date we

expect to know the details of the fourth

stimulus

check let's get right into the

information with a quick reminder

that at the end of this month i am

expecting to expire the amazing coupon

down below for 39 off all of the

programs on

building your wealth whether it's

through real estate youtube videos

property management stocks and the

psychology of money

sales you name it there's something down

there for you

take a look at the links down below or

go to medkevin.com

join folks let's get right into a flow

chart now

on the next stimulus check all right

folks so here's the thing here's what we

know

right now on stimulus checks the third

stimulus check

we know that 161 million stimulus checks

have already been distributed at a cost

of 379 billion dollars

this is important because we are looking

to joe biden's

infrastructure plan to give us clues for

how four trillion dollars might be spent

and if those four trillion dollars

might end up including stimulus checks

well 379 billion does work out to

approximately

10 of the size of biden's potential

infrastructure package

if he gets the full large package

through which

10 would be a very large piece for one

item

in an infrastructure package this is

going to be important when we talk about

the likelihood of the fourth stimulus

check

later in this video we also know that

right now 700 over 700 000 individuals

have received 1.2 billion dollars in

plus up payments

these plus up payments are basically for

people who had already filed their 2020

tax returns

and their income fell from 2019 uh to

2020 because remember in 2020 when we

first became eligible for stimulus

checks

the irs and treasury department looked

at our 2018 and 2019

tax returns so the irs is automatically

processing some of these as plus up

payments then what else do we know about

the fourth stimulus check well

regarding the fourth we know that there

has been a letter from the senate on

march 31st

and this was a letter by 21 democratic

senators who

wrote their letter to joe biden urging

that joe biden include recurring direct

payments

in his 4 trillion package keep in mind

these are recurring

direct payments this has been cast as a

potential fourth stimulus check

though joe biden it's not clear yet if

joe biden sees this as a fourth stimulus

check

or potentially a reference to that

recurring child

tax credit we'll see then we do know

that as part of this

letter elizabeth warren and bernie

sanders were included and

these are individuals who have

frequently been fans of the 2

000 per month stimulus check

this is something they've been talking

about really for the last two years

so it's not a surprise that elizabeth

warren bernie sanders and potentially 19

other senators aligning with warren and

sanders

would be asking for recurring direct

payments as part of the infrastructure

package

especially since biden is including a

social infrastructure or

soft infrastructure part as part of his

plan

now elizabeth warren bernie sanders and

those who wrote the letter believe

that this funding is crucial for

supporting families especially with that

unemployment cliff coming up

keep in mind that there are also a lot

of people who do not qualify for

unemployment

or receive benefits or receive the

benefit of a stimulus check

but do not receive the benefit of

unemployment however even unemployment

the boost that we're seeing 300

per month does come to an end the first

week of september

then we have the economic security

project which just recently here on

april 14th

released a report indicating that fourth

and even fifth stimulus checks

could keep 12 million more americans out

of poverty which keeping people out of

poverty has been a priority of the biden

administration

consider the fact that a big reason

they're pushing for the child

tax credit to come monthly is lifting 50

of american children out of poverty

there are also

arguments that this or a fourth or fifth

stimulus check would help

reduce or close the racial and wealth

gaps in the country also 60

of recipients who receive the third

stimulus check say

these checks will only last them three

to four

months not 34 months that's the type of

there three to four months

specifically with black and latinx

households

receiving the bulk of that benefit

especially if you consider unemployment

you have the black unemployment rate at

over nine and a half percent

whereas the white unemployment rate is

right around five and a half percent

so massive differences in unemployment

we also have an er

an open letter from over 150 economists

that open letter encouraged

recurring direct payments as an

essential tool

to promote economic security in the

country

and we've previously gotten a house

letter earlier this year

from 53 democratic representatives led

by ilhan omar

she is a member of the squad to also

support

quote recurring direct payments until

the economy recovers

aoc who is part of the squad has signed

on to this as well

but remember omar has also been calling

for 2 000

direct checks for over a year now and

many folks are wondering if the squad is

using this as a politically advantageous

way

to continue to garner votes and continue

to maintain the support

of their populace or constituents now

that might be a jaded look

so everybody would have to make their

own opinion on that however

they do mention until the economy

recovers which

i thought okay well it might be useful

to take a look at how the economy has

been recovering and what we've been

hearing

so far data has been showing that the

economy has been recovering which is not

so good for their argument

so if they were going to make an

argument i'd kind of encourage they

follow the senators in making more of a

racial

or wealth gap argument than until the

economy recovers argument now don't get

me wrong

many parts of the economy have not

recovered yet but broadly speaking

some measures of the economy do show

some strong recovery

consumer spending in march which

remember consumer spending makes up like

70 about

69 to 70 percent of the economy was up

9.8 percent in march that is spending on

retail and food services

were up 9.8 in march uh from the prior

month it's a pretty big bum

jerome powell says we're growing much

more quickly

sorry for the type of there much more

quickly and job creation is coming

much more quickly as well this was just

recently in one of his last addresses

and republican support for another check

right now is essentially

zero we have also heard of zero mention

of another stimulus check from the

problem solvers caucus

and joe manchin was already looking

for more stringent restrictions on who

would receive

the third stimulus check making

potential support by joe manchin

a key democrat who's kind of potentially

the 49th or 50th vote

for things like the next stimulus check

very

low at least right now we're not seeing

joe manchin pushing for another check

and so this is where we kind of have to

put all of this information together and

go okay so

we've got folks like economists and

maybe more left-leaning democrats like

half of the democrats in the senate

a small portion of the democrats in the

house

pushing for additional direct payments

but some of them are making it

conditioned upon the economy doing well

but the economy is already starting to

do better

there are a lot of concerns that

inflation is going to be coming and that

more money printing isn't going to help

unless that money printing is offset

by higher taxes which is obviously

something that joe biden has been

pushing for

with not only higher individual taxes

but potentially higher

capital gains taxes and higher corporate

taxes

something that joe manchin is already

pushing back on

joe biden wants a 28 corporate tax rate

joe manchin's like no no i'm drawing the

line at 25

so you've already got some massive

issues here i mean reconcile this for a

moment

it seems like only the further folks on

the left are pushing for another check

you're not getting moderates or people

certainly people on the right pushing

for another check

a lot of concerns about inflation a lot

of resistance to increasing taxation

to offset the spending in this

infrastructure plan

if we did another stimulus check it

probably be somewhere around 10

of the cost of this infrastructure

package which is a very big portion

and this is a key one right here

remember joe biden did not promise

another stimulus check on top of this

and so this is where we start kind of

getting to a potential bottom line here

and

before i get to this bottom line i want

to mention something that's been very

important on my channel

people have always wondered kevin why

did you make daily stimulus

check updates or updates on the eidl

grants for ppp money or mortgage

forbearance

over the last year on the first check

the second check the third check

the 1 000 eidl grants pppe you know all

this stuff mortgage formats why did you

make daily videos on these things

but you're not talking about the fourth

stimulus check daily

it's the same reason why i didn't

clickbait

over the ten thousand dollar eidl grants

that

everybody was definitely going to be

getting these grants when i read between

the lines

and i read the information i'm getting i

was very very excited and i still am

very very excited about mortgage

forbearance

very excited about people taking it i'm

excited about the ppp loans i think

people should

refinance their eid loans not the grants

their loans into ppp loans and get the

ppp loans do the pvp if you haven't done

it yet i've got many videos on this you

can google those meet kevin

ppp watch them really really good same

thing with forbearance do it

very excited about those i'm passionate

about those i was very passionate about

the first second and third stimulus

check

however my passion for the fourth

stimulus check is relatively low

because so far it doesn't look like the

indications are saying

we're going to get a fourth stimulus

check but when will we actually know

that the fourth the meals check is going

to come well that's what i'm going to

talk to you about right now

oh and one more thing because i

mentioned it there was a lot of talk

about how

everybody was going to get for sure this

10 000 eidl grant

i talked about on this channel how i

thought that was just pure hopium

that the sba was going to end up

loopholing out of giving everybody the

extra nine thousand dollars

if you got your 1 000 eidl grant i ended

up being right about that

they ended up doing exactly what we

suspected loopholing out of giving

everybody that extra nine thousand

dollars

i think that's wrong they owe people

that extra 10k congress themselves has

complained about that

but that's just the way things work so i

really want to focus on this channel

about realness what's what's most likely

going to happen

and folks how are we going to know

whether or not the fourth stimulus check

is going to happen

here's the answer right here biden is

giving a speech this week

in biden's speech this week which is a

prime time address

to congress biden will be talking about

the social infrastructure part

of his next large package reveal

now something very important to know

about biden before i go into some of

these details

the last time joe biden revealed the

stimulus package

and when the first part

of the infrastructure package was

revealed biden had a speech

scheduled but guess what happened before

joe biden's speech

well before joe biden's speech the media

from the white house got a linked

document or sort of a breakdown summary

document

of all of the things that would be in

the stimulus package

the third stimulus check one or in the

first part of the infrastructure package

or i should say and

both of the times the media on the day

of the speech

got a full breakdown of what was going

to be in the package and quite frankly

the things that joe biden said in his

speech were more for emotional purposes

and he didn't really go into the details

of what was in the plan

what was released earlier in the day by

the media whether that

understand mainstream media kind of gets

better out but they do have connections

directly to the white house

and they get these leaks those leaks had

most of the details biden's speeches

tend to give very little details however

this wednesday which is wednesday let's

see 26 27

the 28th joe biden will be giving a

prime time speech

on this next soft or social

infrastructure package

this is the day you want to pay

attention to to see if we see any

mention of a fourth stimulus check

i personally think if there is going to

be a fourth stimulus check

the first way we are going to hear about

it is going to be in the media release

which is going to give us itemized

breakdowns of what's in the package

joe biden is generally not one to

go through every single detail that's in

a package in his speech

so joe biden's speech is scheduled for

prime time it's a prime time congress

speech

which means it's at night it's later in

the day

however i would expect in the am hours

we're going to get that media release

so you really want to mark your calendar

for early on wednesday if you're looking

for that fourth stimulus

check now keep in mind in the social

infrastructure reveal

we do expect to see things like

universal pre-k but

also potentially making those monthly

child tax credits

more permanent right now the last

stimulus check package gave us

monthly child tax credits that are

expected to start in july

this is an increase from about two

thousand dollars per year for

uh per child which is current law two

getting three thousand dollars per child

between six and seventeen years old or

two hundred fifty dollars a month

or up to thirty six hundred dollars for

a child

under six or three hundred dollars per

month and

this is expecting to expect it to begin

or these payments are expected to get

advanced to us

starting in july and that's as long as

we

or i should say the government can get a

portal out by

june so that people can opt in or out

into the program or out of the program

so expecting that portal to get released

in june maybe those payments can start

coming out via direct deposit

or checks or however starting in july

however this program was only authorized

for one year

the year of 2021. we're expecting

potentially in biden's infrastructure

plan

to see this get extended out to 2022

maybe even 2023 or 4. now

because this reduces poverty for

children by 50

in america and it is a recurring style

of payment

some believe that what democrats are

calling for might get satisfied by this

child tax credit remember they're asking

for

recurring direct payments recurring

direct payments although they did

specifically mention

fourth and fifth stimulus checks as well

recurring direct payments over here the

economist letter

or over here again recurring direct

payments from the house letter

well that is technically what this child

tax credit is it just doesn't benefit

people without children within those

ranges

now again keep in mind this primetime

address is on wednesday though expect

the paperwork to reveal

the actual details earlier in the day so

i expect those details to be more

important

also keep this in mind joe biden has not

mentioned a

single word about a fourth stimulus

check

that is a problem this is why personally

i believe that right now

the fourth stimulus check is something

that is used for a lot of hopium

but it is potentially something that we

should not expect

i personally think there's really only

about a 15

chance of seeing a fourth stimulus check

in this bill

i think right now because of that a lot

of the media coverage on the fourth

stimulus check

is just hopium or in some cases even

outright clickbait not in all cases it's

okay to cover

the fourth stimulus check but to me it's

not

not been something that i've been

covering on the daily

uh and it's something that i've actually

rarely been covering because i think the

odds are relatively low however

i do want to make it clear that if it's

going to come my expectation is it'll

come on wednesday if it doesn't come on

wednesday i think the odds of a fourth

stimulus check continue to decline now

keep in mind

there has been mention that if the

economy devolves

and let's say we get more strain issues

or the economy just falls into another

recession

of course it points like that i would

expect in the future

if there were a massive future decline

yes maybe then at that point

we might see another stimulus check but

seeing it expecting a 10

line item for stimulus checks in this

infrastructure package on wednesday

i think has a very low chance of

happening so

hopefully you appreciate this insight if

you do and you like my perspective

consider sharing the video

comment down below what your thoughts

are but also check out the amazing

programs that i have on actually

building

your wealth keep in mind my programs are

designed

all around breaking everything that you

know every suspicion that you have

about stocks or real estate or sales

even or making youtube videos i want to

break down

everything that you think you know i

want to destroy all of it and i want to

build you up to show you how to actually

become a millionaire building wealth

with

real estate or stocks starting out with

as little as ten

thousand dollars potentially in some

cases as little as five thousand dollars

check out those programs link down below

i look forward to having you in those

programs

thank you so much for watching and

supporting my videos and folks we'll see

you in the next one

[Music]

you