Senate JUST Passed $1,400 Stimulus Checks!! [Details!]
FULL TRANSCRIPT
the senate just passed the 1.9 trillion
stimulus package
this means hold ups regarding the
potential for joe manchin not voting on
the bill or
kirsten cinema not voting on the bill
are over the bill
is passed federal reserve bank president
bullard only gave this a 50
chance of happening yesterday and here
it is it happened
the senate has been working all night
literally voting on amendments for over
24 hours straight
republican amendments such as preventing
all undocumented workers from getting
checks failed twice
amendments to prevent prisoners from
getting checks failed amendments to
replace the entire package
with a 650 billion dollar package failed
that package would have given 1400
checks to low and middle income
americans 500 to dependents
completely phase out at 50k for
individuals and 100k for couples
unemployment would have only gone
through june but that plan failed so we
don't need to talk too much about that
one
and ultimately the senate has passed the
1.9 trillion dollar package in a way
largely
similar with what democrats have passed
the senate stimulus package which is
officially passed now now goes back to
the house
where the house of representatives led
by nancy pelosi are expected to
pass the amended stimulus package
without further changes
the stimulus package would then get
signed by joe biden
likely the middle of next week the
stimulus package provides
full 1400 stimulus checks to individuals
making under 75k
after 80k individuals get zero full
checks go to couples making under 150k
couples making more than 160 thousand
dollars get
zero stimulus checks will go to all
dependents for
the filer so the checks go to the filer
and all of their dependents would
qualify for a 1400
check this means children college
students adult dependents they would all
qualify
of course that money goes to the person
at filing each person gets that full
1400 again
which means a family of five could get
seven thousand dollars checks should go
out faster than previous checks which
means checks could
start coming out by march 20th
there will be no boost to the minimum
wage state and local governments will
get 350 billion dollars 510 million
dollars will go to fema
for food and shelter programs the
unemployment boost will be 300
from march 15th through september 6th
the
first ten thousand two hundred dollars
of unemployment you will receive
will be tax free as long as you make
less than 150 000
which should be around 93 percent of
people on unemployment there are also
currently 11 million people receiving
unemployment benefits
snap food program benefits will be
extended through september instead of
june
the supplemental food program for women
infants and children will get an
additional 880 million
20 billion will go to rental assistance
programs two free stocks will go to you
if you sign up for weeble via the link
down below deposit a hundred dollars and
you get two free stocks worth up to
eighteen hundred fifty dollars
ten billion dollars will go to mortgage
assistance the child tax credit which i
fully covered before in a separate video
will provide thirty six hundred dollars
per year for a child under six and
thirty or
sorry three thousand dollars per child
under eighteen this credit could start
getting distributed in july as a monthly
credit
for two hundred fifty dollars per child
or three hundred dollars per child
depending on their age
you can opt out of this and get it tax
return time if you want more details on
that one go to
or type this into youtube meet kevin
child tax credit
details credits will be provided to
employers
for providing leave 130 billion will go
through our go
to k-12 schools amendments to tie this
money
to a guaranteed reopening have failed so
we're just at 130 billion going to
schools
15 billion will go to the eidl program
25 billion will go to a grant program
for restaurants and bars
7 billion will go to the ppp
congratulations congress
is essentially done and the stimulus
package is passed
the house does have to rubber stamp this
now and biden is obviously expected to
sign this next week
thank you so much for watching get your
two free stocks with weeble down below
and folks we'll see in the next one
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