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#SecondStimulusCheck
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Second Stimulus Check Update : The Truth.
Many people want to report on good news. I do too. You give people good news, you get more likes. Viewers will associate good promising news with more likes..
As I do more research and spend hours upon hours hearing from different senators an the perspective of our nation I realize that the REALITY of the situation on a second stimulus check is not something many people will want to discuss.
The most important thing right now. Is getting people back to work.
We know this.
For some this has been a paid vacation at home for the past 2 months because of the high unemployment benefit we received from the government.
We had the PPP - Which covered the payroll for many small businesses and free money like the EIDL business grant as well.
Here are the facts:
Within the first four packages of our Cares act only about half of that money has been disbursed.
The government has no real good handle on how to spend or disburse the money from our first CARES act.
The unemployment boost which ends in July keeps an incentive for people to not return to work.
This is why they are trying to flip the script from giving unemployment benefits to back to work bonuses.
The situation from a few months ago is drastically different.
States are reopening, the pandemic is hitting a plateau for many areas including the state that I live in
Heres what I believe NEEDS to happen in order for second stimulus checks to come out.
1. We need a second wave.
2. They disperse all the money for the first 4 phases of the Cares Act.
1. PPP 25% still leftover
3. We riot.
Takeaways:
So we know we need to help people during this time who have lost their jobs. Not everyone is ready to go back to work and not all businesses are looking to reopen.
Do you guys believe that a second stimulus check is still needed?
And
Do you believe we will see a second one?
LET ME KNOW DOWN BELOW.
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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.
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