The 4th Stimulus Check & the Future of Stimulus.

hey everyone kevin here it's been a

little bit since we've talked stimulus

what's going on at the federal

government what's going on with congress

let's do a quick recap so we know what

to expect in regards to not only

taxation but also future stimulus and

infrastructure spending

let's get right into it so here's the

thing there are three main things going

on at the federal level with congress

right now

one has to do with the january 6th

commission democrats believe that we

should be investigating

every possible thing in regards to what

happened and what led

up to the incidents on january 6th

republicans believe

let's just make the capital safer and

move on

this is clearly a left verse right

debate

then we have china and a new initiative

or new bill in congress that's called

the u.s innovation and

competition bill we actually expect this

one to

pass it's bipartisan it's a 1400 page

bill it's expected to cost about 200

billion dollars it'll provide about 52

billion

to u.s chip making efforts to help our

supply chain shortages provide another

81 billion dollars to

the national sciences foundation and

this is really the only thing that's

actually bipartisan right now

which is why it's likely to pass but

then the rubber hits the road and the

reality is

democrats and republicans can't seem to

come to an agreement on

infrastructure now negotiations continue

but here's the thing

remember we have two parts of joe

biden's infrastructure plan one is a two

trillion dollar physical infrastructure

plan

and the other is about a 1.7 trillion

dollar social infrastructure plan that

includes things like child tax credits

and other stimulus money

right now republicans are only

negotiating with joe biden

on his physical insta infrastructure

plan that is

joe biden wants two trillion dollars and

republicans right now

have countered their latest 568 billion

offer with a 928 billion dollar plan

this is up again from their 568 billion

dollar plan

but it only provides about 257 billion

dollars of new money

since it repurposes a lot of leftover

coveted money

that hasn't been used now this current

negotiation

does stick to core infrastructure

projects like roads

bridges and other major projects like 48

billion dollars going to water

infrastructure

25 billion to airports 65 billion to

broadband 22 billion for freight and

rail lines

but we can't even come to an agreement

on

physical infrastructure we are more than

a trillion

dollars apart why does that 2 trillion

republicans are at about 958

billion i'm sorry that's 928

billion dollars so even further of a

gulf

the reality here is we've got a lot of

work to do

in terms of physical infrastructure now

we do expect republicans and democrats

to get together

and get something done in terms of

infrastructure

maybe that'll look like a 1.2 to a 1.6

trillion dollar infrastructure bill

we do expect something will get done in

that magnitude

for actual physical infrastructure

spending it's needed our roads needed

our bridge is needed society needs this

infrastructure spending

so we expect that this is going to come

together however

it might end up coming at the cost of

exhausting

any leftover willpower for social

infrastructure let's talk about this

because this is where we get to stimulus

so first of all in the social

infrastructure proposals

we talk about a child tax credit

potentially being made permanent or at

least being extended for the next five

years

this is joe biden's plan to starting

july 1st start providing folks

a larger child tax credit within certain

income criteria

where people would get paid three

hundred dollars per month for children

under six

and two hundred fifty dollars per month

for children between 6 and 17.

this is great and joe biden wants to

make this last longer than just

for the 2021 tax year which is what was

currently

or what is currently law based on the

last stimulus package that was passed

we also have proposals to make community

college free

to maybe try to get some student debt

relief although that's not looking very

good at

all right now biden's not going to be

able to do it by executive action

and congress doesn't really have the

appetite to do any kind of student debt

relief and

in joe biden's social infrastructure

plan he doesn't even talk about student

debt relief however he does

offer free community college he also

includes

multiple tax changes like getting rid of

the

stepped-up tax bases which is very

important for those of you who

invest in my real estate investing

course where i teach you how to go from

zero to millionaire

we talk about how important this stepped

up tax basis is or the 1031 exchange

which joe biden also proposes

substantial limitations to

those courses by the way as you know on

building your wealth stocks one real

estate making youtube videos property

management all those courses link down

below

there is a price change coming on june

1st

there's going to be a big inflationary

adjustment

so the price will be going up a large

amount on june 1st so make sure you get

in

by memorial day on may 31st

but more importantly here joe biden has

massive

tax changes planned regarding capital

gains as well

specifically for those making over one

million dollars

and a lot of things that ultimately

affect hedge funds and institutions that

have kind of pressured the market

to the downside over the last few months

a lot of these things are part of joe

biden's social infrastructure plan

and they give a lot of folks in congress

heart palpitations

over the potential of inflation

especially since

there are a or and is a substantial

group of democrats on the left

who would like to see or the further

part of the left so

you've got democrats and then you've got

those at the further part of the left

right we know joe manchin's kind of

stuck in the middle

we got the further part of the left the

left wing of the left

they really have been pushing for a

continuation

of unemployment pay which drives

republicans nuts because republicans are

like we need people back to work

we need schools open and we need people

back to work because schools open also

mean parents can go back to work both

parents can go back to work otherwise

what we're doing is we continue to

perpetuate inflationary pressures as

wages go up

and prices of goods and services go up

because input costs go up

and if we're going to print more money

that's more inflationary pressure as

well

so you have really big problems when it

comes to social infrastructure

and especially a fourth stimulus check i

am concerned

that when republicans and democrats

strike a deal

on physical infrastructure somewhere

between 1.2 to 1.6 trillion dollars

i'm concerned that the political

willpower for actually doing a social

infrastructure package will evaporate

and the problem is if a social

infrastructure package evaporates

because you have somebody like joe

manchin saying we are not going to use

budget reconciliation again

we will only do something with 60 votes

and we know that republicans say we're

not going to do anything that

changes the 2017 tax cuts or raises

taxes which means

okay that's not going to work so getting

anything done with budget recon

isn't going to work social

infrastructure is not going to happen

republicans are not open to it unless

they take out all of the tax changes

which that's not going to happen because

how else is biden going to pay for the

plan

he he himself is not even interested in

printing that much more money

he wants to actually see taxes pay for

it right

if this doesn't happen what happens

great we get our physical infrastructure

bill

maybe we get our us innovation bill on

chips and that

but then the rest of the year we don't

get much action we don't see

a new stimulus package we don't see the

permanence of the child tax credit we

don't see free college we don't see

student debt relief

and a lot of the big promises and

campaign sort of expectations that joe

biden set up

we don't end up seeing or benefiting

from and so this becomes an issue

and we already know that democrats are

being asked well well if you won't go

for budget recon then maybe get rid of

the filibuster so you could just pass

bills with 51 votes

joe manchin's already a hard no on that

and so what potentially happens

well we get into 2022 and what happens

in 2022

2022 everybody starts running their

campaign

for a 2022 midterm re-election cycle

and we potentially end up being in a

situation

where joe biden ends up losing

democratic control

the only thing he was able to applaud

was getting his initial stimulus package

through

and a bipartisan physical infrastructure

plan

and we end up being left with no new

stimulus check no fourth stimulus check

no extended unemployment no permanent

child tax credit no free college and a

lot of these things and no taxation

right to pay for these things

but a lot of the things that that have

sort of been hoped for end up fading

away

now i know that's not the most

optimistic for those who are looking for

the benefits of stimulus

and it's not to and it sounds more

optimistic for those who are worried

about taxation

but that is the state of congress right

now and it's really important to be

in tune with what the actual state of

congress is right now

and not just euphoric clickbait that's

like don't worry

i'm pretty confident that fourth check

is coming really

have you seen what's happening in

congress the

lack of bipartisanship on social

infrastructure

could not be more severe it is

very bad for social infrastructure right

now physical infrastructure has got a

shot

but i wanted to bring you this update

because i think it's very very very

important

especially since we are also running a

campaign for governor in california

and honestly california would save a lot

of money

if joe biden was paying for all the

community colleges around here okay just

saying

but anyway folks check out the programs

linked down below thank you so very much

for watching this video

and we'll see in the next one

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you