Second $1200 Stimulus Check Finally Here?? | PHASE 4 The Heroes Act.

Second $1200 Stimulus Check Finally Here?? | PHASE 4 The Heroes Act.

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For your information, you can find below the description of the video Second $1200 Stimulus Check Finally Here?? | PHASE 4 The Heroes Act. published by the Youtube channel Brian Jung:

Democrats just revealed the proposal for a new stimulus package but this time with an 1800+ page legislation. This new response due to the economic collapse in the U.S. is known as the Heroes Act. In this video we discuss the $1200 stimulus check proposal involved in the direct payment aspect of this new bill proposed to us by our government officials.

Heroes Act 90 Page Summary: https://www.democrats.senate.gov/imo/media/doc/Heroes%20Fund%20FINAL%204.7.20.pdf

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#StimulusUpdate #HeroesAct #1200RoundTwo
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Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

By the numbers: The proposal includes ...
$500 billion for state governments.
$375 billion for local governments.
$175 billion for testing and other health-related expenses.
$75 billion in housing assistance.
$25 billion for the U.S. Postal Service.
$20 billion for tribal relief.
$20 billion for relief for territories.
$10 billion for small businesses.
$3.6 billion for election security and preparation.
$1.5 billion to address broadband issues.

The proposal comes as the U.S. government is still in the process of sending out its first round of stimulus payments authorized by Congress through the Cares Act. Those payments are for up to $1,200 per individual or $2,400 for married couples, plus $500 for children under 17. That first round of payments targeted low- to middle-income Americans.

The second round of payments would be structured similarly to those first checks, with $1,200 per individual and $2,400 for couples. But dependent pay would be increased to $1,200 per eligible child with a maximum of three children.

The IRS said the government has made 130 million payments so far, for a total of more than $200 billion. More than 150 million total payments to taxpayers are expected in that first round of checks.

The bill from House Democrats is less generous than some other competing proposals. Sens. Kamala Harris, D-Calif., Bernie Sanders, I-Vt., and Ed Markey, D-Mass., recently introduced a bill that would give Americans $2,000 per month during the coronavirus pandemic.

https://www.cnbc.com/2020/05/12/house-democrats-stimulus-bill-includes-a-second-round-of-1200-checks.html

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