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BIDEN鈥橲 NEW STIMULUS! $2000 4th Stimulus Check Update + $16,000 Stimulus Available Now + Crypto News - YouTube
Channel: Ron Yates
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what's up you guys it's ron here with
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your two thousand dollar fourth stimulus
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check and recurring stimulus check
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update
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biden's new stimulus plans aka the 1.7
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trillion dollar infrastructure counter
[10]
offer biden's upcoming budget proposal
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and the things that he's planning to
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leave out
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spoiler alert it's student loan debt
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cancellation
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and health care and finally the 16 000
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stimulus that's waiting for you guys to
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claim it and of course we also have our
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major crypto news update
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on what to do amidst the downward spiral
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of dogecoin and other crypto
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find out all about that in today's video
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but first i just want to say welcome
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back to all my subscribers
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i really hope that you guys are having a
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wonderful day and for those who are
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brand new to the channel my name is ron
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we cover all things personal finance
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investing
[44]
how to generate multiple streams of
[45]
income and of course crypto
[47]
stimulus checks and stimulus package
[49]
updates so if you haven't already be
[50]
sure to hit that subscribe button and
[52]
tap the notification bell that way you
[53]
know as soon as i release new videos and
[55]
updates
[56]
and everyone seems to be calling out for
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more stimulus checks these days
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there's the seven democrats from the
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important house ways and means committee
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the same committee by the way that was
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in charge of the stimulus checks in the
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third stimulus package
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now these seven democrats they wrote a
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letter to president biden to tie
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recurring direct cash payments and
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federal unemployment benefits
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to the country's economic conditions now
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if this happens it'll actually be
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automatic stimulus checks whenever the
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economy is down
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instead of having to wait around for
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congress to make a move now according to
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the letter
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automatic stimulus also shows the
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american people
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that their government is prepared to
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help them in the event of another
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economic catastrophe now that brings our
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total now
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to more than 80 lawmakers that are
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actively pushing hard for this next
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round of stimulus checks now before this
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there were already
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three stimulus letters in president
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biden's inbox
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from 75 members of the house of
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representatives
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yeah 21 senators and we also had 156
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top economists all pushing for stimulus
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checks now that's a lot now of course we
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should also add the 2.2
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million signatures on the change.org
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petition
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for 2 000 monthly stimulus checks all
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this is making us very hopeful for a
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breakthrough for the fourth stimulus
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check
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any day now you guys feel like coming
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let me know down in the comments
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if not here's some more news to add to
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the push last week as well
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representatives prominent paul and
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barbara lee
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introduced some of their very own
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resolutions to end poverty
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some highlights from the resolution
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include cash assistance programs aka
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stimulus checks
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a minimum wage increase and apparently
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that has not been forgotten
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expanded unemployment insurance
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cancelling all
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unpayable debt affordable and public
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housing and free education
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they also want to pay for all of this
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with redirected military spending
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and prison spending they also want
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implemented fair taxation and deficit
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spending now together with them on this
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is a very vast
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network across 45 states that includes
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over 2
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000 faith leaders and 300 partner
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organizations
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now if you want more details we
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discussed this thoroughly in one of my
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previous videos so
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definitely check that one out now this
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resolution it underscores
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jayapal's automatic boost to communities
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act or the abc act
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this is the one that she introduced with
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representative rashida talib the abc act
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cuts every american a two thousand
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dollar fourth stimulus check
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plus one thousand dollar monthly checks
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for a whole year after the pandemic
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all of this would be paid for by the
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creation of two one trillion dollar
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coins
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that the federal reserve would purchase
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and then deposit into the us treasury
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and then from there the money would
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actually be dispersed to the u.s
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citizens now as for the white house
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president biden released his latest 1.7
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trillion dollar counter offer to the
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republicans
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now in it he outlines his plans to slim
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down his 2.25
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trillion dollar infrastructure including
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all of the concessions and the red lines
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that he drew there's a lot so we're just
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going to focus on the most relevant
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parts today
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so first digital infrastructure now from
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the original
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100 billion dollars president biden's
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lowering the number to 65 billion or
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100 percent nationwide coverage for
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affordable
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reliable and high-speed broadband next
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is housing
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now this wasn't in the republican
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version but president biden insists on
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the 213 billion dollars
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toward building renovating and
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retrofitting
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more than 2 million homes and housing
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units the plan would also build and
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rehabilitate more than 500 000 homes for
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low and middle income home buyers
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now for those on social security
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president biden did not forget about you
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guys
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and neither do we biden kept the 400
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billion dollars for caregiving
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for aging and disabled americans now
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this also expands
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access to long-term care services under
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medicaid and it improves the wages of
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home health workers now as for veterans
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president biden wants
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18 billion dollars in the plan for
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modernizing the veterans affairs
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hospitals
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which are on average more than 40 years
[291]
older
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than a private sector hospital 40 years
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guys he's some really old hospitals
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so he's looking to try to you know make
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some major renovations there happen so
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the ball's in the republican court now
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and so far they're not happy with the
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1.7 trillion dollar counter offer now an
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aide to senator shelly moore capital
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who's leading the republican negotiation
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that responded to the offer in a
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statement on friday and they called the
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white house proposal still
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well above the range of what can pass
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congress with bipartisan support
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the aide continued and said based on
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today's meeting
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the groups seems further apart after two
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meetings with the white house staff
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than they were after one meeting with
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president biden you know what i'm
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hearing at this point
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it's off to reconciliation we go but
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what do you guys think i'd love to hear
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from you guys drop me some comments down
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below let's get a conversation let's get
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a dialogue going and in fact let's have
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a quick look at our working stimulus
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timeline all right so may 24th through
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the 28th
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different versions of the fourth
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stimulus package will be discussed
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between the white house and congress
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like capital said before
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this week is going to be key for the
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negotiation so look out for updates
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happening
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daily including updates on the fourth
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stimulus check
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okay may 28th president biden will
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unveil his full 2022 fiscal year budget
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proposal
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no explanation why they moved it one day
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from the original may 27th schedule but
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you know that's the update on that one
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as early as now we're seeing details of
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the proposal we'll also discuss those
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later in this video so definitely stay
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tuned for that
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okay may 31st president biden's memorial
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day deadline for the progress
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on the four trillion dollar
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infrastructure stimulus bill right now
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they're still in the thick of things
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with negotiations so
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you know let's see if we can come up
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with a deal by this deadline okay july
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11-17
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the bill passes in the house of
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representatives now the target date is
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coming from house speaker nancy pelosi
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who pegged
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july 4th and capital who said that july
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4th is going to be difficult to meet
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so because of the two opposing views we
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moved it one week after all right so
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july 18th through the 24th the senate
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works on it and approves their version
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of the bill all right july 25th through
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the 31st
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the house of representatives reapproves
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the senate version and president biden
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signs it
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now we're still hoping for this fourth
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seamless check am i right so here's a
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working timeline with the irs payments
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all right so august 1st through the 7th
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the first batch of direct deposits
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august 8th through the 14th the first
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batch of paper checks
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august 15th through the 21st the first
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batch of eip or debit cards
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and august 22nd through the 28th
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stimulus checks for social security
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recipients and for va
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now i'm right here with you guys every
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step of the way to the fourth stimulus
[444]
check and even beyond that we'll
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definitely keep updating this working
[447]
timeline right along with us
[449]
especially if we get better news that
[451]
might actually move up our timeline even
[453]
earlier so make sure you guys are always
[455]
watching the newest videos
[456]
so you can always catch the latest
[458]
updates on our stimulus timeline be sure
[460]
to subscribe to the channel and click
[461]
that notification bell
[462]
make sure that the notifications are
[464]
actually turned on i'm not sure why but
[466]
sometimes they get turned off so anyway
[468]
yeah just check to make sure your
[469]
notifications are on
[470]
but here's one promising story sure to
[473]
factor in the negotiations moving
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forward
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a bipartisan group of senators from the
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senate environment
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and public works committee finally put
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their heads together to create a 300
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billion dollar
[483]
surefire proposal for highways roads and
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bridges
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as a ranking member of the committee
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capital said not only will this
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comprehensive bipartisan
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legislation help us rebuild and repair
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america's
[495]
surface transportation system but it
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will also help us build new
[499]
transportation infrastructure we're not
[501]
sure yet if this proposal will actually
[503]
move forward on its own
[504]
or will it be the starting core of
[505]
negotiations moving forward but what we
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do know
[508]
is that it's some bipartisan headway at
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the very least now make sure you keep
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watching as we have a lot more stimulus
[514]
news
[514]
and updates in just a little bit there's
[516]
still a crazy sixteen
[517]
thousand dollar stimulus that you should
[519]
definitely stick around for that and a
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whole lot more right after our dogecoin
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crypto update
[523]
dogecoin and other cryptocurrencies seem
[526]
to be in a race for the bottom
[527]
with another major fall recently at 30
[530]
cents at the time of this video dogecoin
[532]
has taken a major step back from its
[534]
all-time high of above 70 cents per coin
[537]
it's now trading at levels before
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doge day 420. other cryptos aren't doing
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that much better either
[542]
most of the biggest names are down
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you've got bitcoin
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down 15 you've got ethereum down 21
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you got cardano down 26 finance coins
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down 27
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and xrp is also down 25 now trying to
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undo some of the damage that you know
[559]
his hot and cold remarks have done
[561]
elon musk tweeted that he would side
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with crypto in the battle
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with standard fiat currency another one
[567]
of his tweets
[568]
tesla has diamond hands using emojis of
[571]
course to explain that
[572]
but then again cryptocurrency traders
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see this as a major opportunity to buy
[577]
the dip as they say now i'm a big fan of
[579]
buying the dip
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in any investment that i'm thoroughly in
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full belief in
[583]
and if you're really interested in it
[584]
and you've already done your homework
[586]
then this might actually be a good time
[587]
to enter the market at a fairly low
[589]
price but again you know as i've always
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said you know invest with caution
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and like many say buy the fear sell
[595]
agreed
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all right so back to our regularly
[597]
scheduled stimulus programming right
[599]
so president biden's full budget
[601]
proposal is coming up in just a few days
[604]
and you know some of the details are
[605]
already coming out now sadly
[607]
what else is out are the health care and
[609]
student loan debt cancellation
[611]
according to four insiders many of the
[613]
health care promises that he made during
[615]
his campaign
[616]
like cutting prescription drug costs you
[618]
know that won't be included either
[620]
another major promise that looks like it
[622]
might be broken canceling ten thousand
[624]
dollars in student loan debt also didn't
[626]
make the cut now according to the white
[628]
house budget spokesperson rob
[629]
friedlander
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the president's budget will focus on
[632]
advancing the historic
[633]
legislative agenda that he's put forward
[635]
for the year the budget won't propose
[638]
other new initiatives but will put
[640]
together the full picture of how these
[642]
proposals
[643]
would advance economic growth and shared
[645]
prosperity
[646]
while putting together our country on a
[648]
sound fiscal course
[649]
now that does not mean that all hope is
[652]
lost though
[652]
president biden's own campaign website
[654]
said that president biden would work
[656]
to authorize up to ten thousand dollars
[659]
in
[660]
student loan debt relief per borrower
[662]
that's according to president biden's
[664]
own website
[665]
senate majority leader chuck schumer as
[666]
well as senator elizabeth warren
[668]
have been pushing president biden to
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deliver on this and have said that
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president biden could actually
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in fact cancel up to 50 000 in student
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loan debt
[677]
in an executive order instead of even
[679]
having to go through congress
[680]
but so far biden's education secretary
[683]
miguel cordona
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has taken three distinct steps to
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confront student loan debt
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he went ahead and canceled debt for
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about 72 000 borrowers who were
[691]
defrauded by
[692]
for-profit schools he went ahead and
[694]
also cancelled debt for over 41 000
[696]
borrowers with disabilities and most
[699]
recently he expanded the scope of the
[701]
payment pause
[702]
to 1.14 million borrowers
[705]
with private loans now as for healthcare
[708]
it may not be in president biden's
[710]
budget proposal
[711]
but it's sure in the bills that congress
[713]
is working on right now
[714]
just this month the house of
[715]
representatives discussed hr3
[718]
which is a bill allowing the federal
[720]
government to directly negotiate with
[722]
drug makers
[723]
for lower prices on pharmaceuticals
[725]
midterm elections are just around the
[727]
corner so
[727]
you know democrats are hustling doubly
[730]
hard to keep their slim majority in both
[732]
the house and the senate now that
[734]
includes delivering on their campaign
[736]
promises of student loan debt
[737]
cancellation
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and lowering prescription drug costs
[741]
more updates on this and president
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biden's proposal in our coming videos
[744]
guys
[744]
and finally we get to our sixteen
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thousand dollar stimulus available to
[748]
financially struggling parents
[750]
who meet the requirements now aside from
[752]
passing the fourteen hundred dollar
[754]
third stimulus check
[755]
the american families plan or rather the
[757]
american rescue plan
[758]
all these different plans out here right
[760]
it also included tax credits for
[762]
individuals
[763]
who pay out of pocket for child care
[765]
services now this covers up to eight
[767]
thousand dollars for one child
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and a maximum of sixteen thousand
[770]
dollars for two or more children now
[772]
this full tax credit goes to households
[774]
who have an adjusted gross income of
[776]
below 125 000
[778]
and this is of course going to be a lot
[780]
of americans so there's a lot of money
[782]
here on the table for you guys
[784]
now above that the tax credits will
[786]
actually phase out at fifty percent
[788]
which means that instead of receiving
[789]
the full sixteen thousand dollars
[791]
these people would actually receive
[793]
eight thousand dollars and it goes
[795]
further down as the income
[796]
increases and it totally cuts off with
[799]
households who are
[800]
earning more than 438 thousand dollars
[802]
per year now let me know if the stimulus
[804]
programs are helping out guys
[805]
and do feel free to drop me a comment
[807]
down below for other stimulus and
[809]
assistance programs that you guys find
[810]
yourself
[811]
let's all help one another out in our
[813]
community and if you want to support our
[815]
community a little bit more
[816]
you can join our brand spanking new ron
[818]
yates youtube membership program the
[820]
join button is right there beside the
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subscribe just click it support the
[823]
channel that way we can keep our youtube
[825]
lights on and continue coming up with
[827]
even more premier content
[828]
giving you guys the latest and the most
[830]
accurate updates on stimulus personal
[832]
finance
[833]
investing and crypto i've got some major
[835]
plans for us on our next exciting
[837]
chapter right here in our rania's
[839]
community so
[840]
you know let me know if there's anything
[841]
else that you want me to cover in future
[843]
content i'm all ears guys
[845]
so anyway that is all for your two
[846]
thousand dollar fourth stimulus check
[848]
and recurring stimulus check update
[850]
plus president biden's 1.7 trillion
[852]
dollar infrastructure counteroffer
[854]
we've got biden's upcoming budget
[857]
proposal and the things that he's
[858]
planning on leaving
[859]
out and finally we covered the 16 000
[862]
in stimulus for child care so oh and
[864]
don't let me forget we also covered our
[866]
major cryptocurrency news of the day
[868]
so i really hope that you guys
[869]
appreciated everything that we covered
[871]
in today's
[872]
busy video i know it was a little bit of
[873]
a long one but i wanted to make sure we
[875]
included
[875]
everything that was relevant for you
[877]
guys so if you haven't already do like
[879]
this video
[879]
definitely subscribe to the channel and
[881]
also hit that notification bell
[883]
that way you'll be the first to know as
[884]
soon as i release new videos and content
[886]
and i'll see you guys in the next video
[888]
take care
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