- What's going on y'all, welcome
back to Wealth Hacker Labs.
I'm your host, Jeff Rose
and we've got another update
of the economic stimulus package.
This thing has taken on
so many different forms,
so many different names and
the time of this recording
is 2:42 p.m. on Wednesday,
and they were supposed
to hopefully have a deal
today, it was announced
late in the morning, I
think I got a notification
like at 3:30 in the morning
saying that Congress
had reached an agreement,
but still had to be voted,
still had to pass, nonetheless
waking up this morning,
the DOW opened and as we can
go to the computer real quick
we can see that the
markets have responded.
We are up another 1,000 points today,
up about five percent,
DOW sitting at 21,776.
And I've been putting off
doing this video today
because I really thought that
they would have announced
that like okay, it's
passed, like it's ready,
it's ready to be released,
here's all the numbers
but I will share what has
been reported thus far
and here's, this is one
thing I just came across
this headline on CNBC where
House unlikely to vote
on historic two trillion
coronavirus stimulus
bill on Wednesday.
It's like, okay people,
you've like all the time
in the world to get this thing done,
what is going on?
Here is just some of the
announcements as far as like
what is the latest report on what is going
to be included in this bill?
And what it's, how it's shaped up before,
and if you watched the previous videos,
we started off at 1,000,
we got up to 1,200,
then the democrats stepped in,
they wanted to increase that up to 1,500
and now we are back to the $1,200 mark,
which I'll show here in a second.
For those that are curious,
you know, what's all included
in this bill, they're calling
this thing the two trillion
dollar bill, the two trillion
dollar stimulus package
and just here, this is
actually on USA Today,
kinda breaking down some
of the other big provisions
on there, the first one there
if you see is 150 billion
dollars for hospitals,
medical centers to
handle surging caseloads,
which is only going to
get worse obviously.
More than 25 billion for food
stamps and so on so forth.
And I'll have links to all
of these in the show notes
and the description below
that you can check out.
But as far as breaking
down like once again,
like how much are Americans going to get?
And it looks like we are going
back to that $1,200 mark.
So we're looking at $1,200 for individuals
and $2,400 for couples and
looks like the same income
restrictions apply, we're
looking at 75,000 for individuals
on up to $150,000 if you
are married filing joint
so that is what it's looking right now.
So this is on CNBC.
This also was also shared on Forbes,
with a lot of the same numbers.
The other thing was talking about how much
for dependent children, it was at $500,
went up to $1,500 with the
democrats with their bill,
we're back down to that $500 mark there.
I don't know if there's any cutoff,
none of this has really been released yet,
far as like with the
democrat's bill you were cut
off at three children,
right now they're not really
sharing anything and I
haven't found the actual
bill itself, I found
the one from yesterday,
the one that the democrats
released but I haven't
found any information on
the actual numbers so.
Yeah, so I was hoping to be
able to share the final thing,
I thought they would
actually vote on this today,
but as that CNBC article
shared, it says it's unlikely.
Right now I guess there's
just a lot of changes,
still gotta get to the president's desk,
he's got to approve it, read it over,
but what is, why this is
being talked about right now
is that there is an agreement.
So both parties have agreed upon whatever
the figures are, whatever the numbers are
and they have come to an agreement,
so now it just has to pass,
so hopefully this thing
will pass here if not later
today, tomorrow and we'll
have more clarification on
exactly how much is being
sent out and and when you're gonna get it.
And I know many of you
still have questions,
I wish I had all the answers,
I will soon have all the
answers, we will have all the
answers and be able to share that.
Easy way to get the answer
is to subscribe here to the channel.
And also stay tuned,
we just got more content coming your way.
All right y'all, this is
Jeff Rose reminding you
that it's your money, it's
your life and only you
can make it awesome.
Till next tie, peace.
