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Stimulus Bill Update | Biden's $308 Million Commitment | Jayapal's Student Loan Forgiveness Plan - YouTube
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Hello and welcome to today s January 11th
Daily News report as well as ongoing stimulus
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package update.
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If you re a subscribed member of my community,
then welcome back.
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On this channel I keep you in the loop on
what s really going on in Washington DC, the
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US economy, Biden s Build Back Better stimulus
package, money, investing and much much more.
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Don t forget to sign up for the $15,000 CASH
giveaway Kacey and I are doing in the month
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of January thanks to amazing sponsors.
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I ll make sure to leave a link below.
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By the way, thank you so much for giving this
video a like.
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I really appreciate it.
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Several health administrators from Former
President Obama s cabinet are saying President
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Biden has lost credibility when it comes to
covid.
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He was elected based on saying he would crush
the virus and not the economy and now it seems
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people are struggling to trust it will happen.
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We are getting very mixed messages.
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The CEO of Pfizer said his safe and effective
vaccines will beat covid, delta and omicron.
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Now he is saying it won t beat omicron but
not to worry a new miracle speed shot against
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Omicron is being developed and it will be
available in March.
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So shots that on average take 5-10 years to
develop can now be developed in 60 days.
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Its not clear whether omicron will even be
an issue in March or if you will have to take
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1 or 2 shots in addition to the 3rd covid
booster
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and the 4th booster now being recommended.
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The white house is telling businesses with
100 employees or more to force vaccinate their
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employees, allow testing or fire even though
the mandates are in the Supreme Court right
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now and haven t been ruled on yet.
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Over in Germany the government is implementing
a new wrist band system.
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People will wear a colored wrist band so everyone
can see their vaccination status.
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Unvaccinated people will wear a different
colored wrist band so Germans can easily identify
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whom to avoid or shame.
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Really Germany.
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You want people to self identify with a colored
band on their arm so they are easy to spot?
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Really?
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One german citizen said he didn t like it
but it was also so annoying to show his papers
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all the time.
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And no I am not quoting a story from before
World War 2.
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This is happening right now.
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Regarding President Bidens Build Back Better
Stimulus bill, the Federal Reserve is now
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saying not only is inflation not transitory
or temporary, but it might get worse.
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Many analysts are saying the Federal Reserve
is stuck between a rock and a hard place.
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If they don t raise rates inflation could
continue to spin out of control.
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If they do raise rates they could trigger
a 10-30% drop in
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the stock market.
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This stuck position is also hurting many americans.
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While some are doing very well, the middle
class, lower income families and fixed income
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families are on the verge of bottoming out
on covering their monthly bills.
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High gas prices, high food costs and higher
housing costs are hurting the old and the
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young the most.
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Older American are struggling to cover their
bills and younger Americans are nowhere near
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being able to own a home.
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All this was brought on by the Fed s monetary
policies.
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President Biden continues to say the miracle
pill to solve inflation is the $2 Trillion
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spending bill, but at least 4 democrat senators
are now saying the stimulus bill needs to
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be smaller, paid for and help the American
people.
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The biggest areas of focus right now are free
pre-kindergarten and reduced daycare expenses
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for middle and lower income families.
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Biden also wants to build more affordable
housing.
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Biden also wants to see the child tax credit
monthly checks for the next few years or at
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least one more year.
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Biden wants to give significant tax credits
on electric vehicles and solar power.
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Biden said 40% of the green energy he wants
to invest in will help disadvantaged neighborhoods.
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He wants to reduce the cost of prescription
drugs and make Obamacare premiums more affordable
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for 9 million Americans.
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He wants to expand medicare to 4 million more
Americans.
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He also wants to expand and extend the Earned
Income TAX credit for 17 million working families.
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I noticed on the White House description page
of Biden s plan that it no longer mentions
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taxing the wealthy.
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He also says he will hold the wealthy accountable
by adding 80,000 new IRS agents and will monitor
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money Americans are sending via paypal, venmo,
cash app and more so more money is coming
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into the IRS.
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This is the hold the billionaires accountable
but it plainly says the middle class will
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be audited more.
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The biggest sections of the bill are around
$400 billion for the free pre kindergarten
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and the reduced daycare expense.
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$550 billion for green energy and $600 billion
in tax credits for the wealthy by removing
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or raising the Salt Tax Caps.
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Now this is the plan several democrat lawmakers
say needs revamping.
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How do these investments in the future lower
the price of gas now.
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How do these investments in the future make
groceries more affordable now.
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How do these investments make rent and housing
more affordable now.
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The congressional budget office said over
10 years this plan adds trillions to the national
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debt.
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So it will be interesting to see what these
smaller, paid for bills that supposedly help
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more Americans will look like.
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Senator Wyden has promised to release a new
stimulus bill any day now.
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Senators Cardin and Casey say a smaller bill
that is more people focused is needed.
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Representative Pramila Jayapal said she still
supports Biden s Build Back Better Stimulus
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Bill but said she wants to see the President
and the Senate including forgiving $50,000
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of student loan debt.
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She said it s the single biggest stimulus
democrats could make the US government give
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to the American tax payer.
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Bernie Sanders says large corporations need
to pay their people more.
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We can t live in a society where half the
population lives paycheck to paycheck.
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The White House announced they will send another
$308 million to the Taliban in Afghanistan.
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The president already sent $474 million last
fall.
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Later today President Biden and Vice President
Kamala Harris will be speaking on their opinion
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of changing voting rights.
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They say the filibuster should be removed
using the nuclear option of a rules change
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while democrats have a majority in the Senate.
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They say it is racist to ask people to show
who they are with an ID or even be a citizen.
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In fact, New York just changes law so non-citizens
can vote in their local elections.
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However, Senator Manchin said he doesn t support
changing the filibuster or the nuclear option.
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He said republicans and democrats should work
together.
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The filibuster shouldn t be thrown out just
so one part can get all their want while in
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control.
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However, Senator Sinema, Jon Tester and Mark
Kelly say they also don t support changing
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the filibuster and not one republican agrees
to it either.
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The Red Cross announced they are having the
worst blood shortage in history with people
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sick or limited in donation ability because
of vaccines.
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They urge all americans to consider giving
blood and platlettes if they can.
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This is my update for today.
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As I know more, I will definitely come on
and share more.
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Before you go, make sure to add your name
each day to the giveaway Kacey and I are doing.
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20 people will win $250 CASH and one will
win $10,000 to split between them and the
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person of their choice.
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You can sign up for my giveaway each day and
I d love it if you would share this opportunity
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with someone you care about to help me grow
my channel.
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Now Before I go, I wish to remind you, that
you are amazing.
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Hey I appreciate you being in my community.
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And I ll see you on the next video.
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