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SSI BOOST! $2000 4th Stimulus Check Update Today [Social Security, SSI, MONTHLY CHECKS ] - YouTube
Channel: Ron Yates
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what's going on you guys it's ron here
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hope you guys are having a wonderful day
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this is your stimulus package update
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your seamless check
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update as well as stimulus related news
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update
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and the first round of stimulus checks
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for state and local governments as part
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of the american rescue plan's
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350 billion provision is set to go out
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next week now this is great news however
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with no guidance yet
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on the exact spending rules local
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leaders are now struggling with
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exactly what they're supposed to do with
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this forthcoming stimulus money so we're
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going to talk
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about that today we're also going to
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discuss the stimulus checks
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for social security or supplemental
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security income beneficiaries the ssa
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said that by now
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you guys should have received your eips
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so find out what you need to do if your
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stimulus check is still missing at this
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point
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and finally really good news here
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speaking of similar checks
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find out why the white house will not
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rule out another round of stimulus
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payments just yet as well as which
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states currently want a
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fourth stimulus check the most we have
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some very thought-provoking news here
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today guys
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so definitely stick around but before we
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jump in i just want to say hey go ahead
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and subscribe to the channel hit the
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notification bell
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that way you don't miss out on any of
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the latest and most relevant stimulus
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news and related updates
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as well as cryptocurrency and stocks so
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let's go ahead and jump right into this
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so let's be honest the american rescue
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plan has some really notable provisions
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such as the 1400 stimulus checks as well
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as the extended child tax credit
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other than that we've also been
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introduced to the restaurant
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revitalization fund earlier this week
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which
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according to president biden is badly
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needed at this point in time this is
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especially true as the restaurant
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industry continues to struggle with the
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disproportionate effects
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of the covet 19 pandemic but aside from
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these better known provisions
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let's not forget that the current
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stimulus package also has billions of
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dollars in store for states and for
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local governments
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now reports are saying that the first
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round of that aid is actually being set
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to go out in these coming weeks that's
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right guys
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the 1.9 trillion dollar american rescue
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plan included 350 billion dollars in
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direct aid
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to states municipalities cities tribes
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and territories to help repair their
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coronavirus damage budgets
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and economies and as we all know a lot
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of states and localities across the
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country
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have dealt with major revenue shortfalls
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especially in the early days of the
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pandemic
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so now as stated in the law signed by
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president biden last march
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the u.s department of treasury needs to
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dispute the first
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tranche of stimulus checks for states by
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may 10.
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that's only a couple days from now but
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even as we're approaching that date
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there's still no guidance on exactly how
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and where
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to spend the forthcoming stimulus money
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that has come out as of yet
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and now this is causing local leaders to
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become increasingly and quite
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understandably frustrated something
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that's particularly true for those
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governments who are receiving direct
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federal aid
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for the first time since the pandemic
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began emily brock
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government liaison director for the
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government finance officers association
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even noted that right now there's just
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not much faith in the upcoming stimulus
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fund
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and she further stated that and i quote
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on monday i had a call with more than
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300 of our members
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mostly smaller recipients one of them
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flat out said that they just didn't
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believe
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they were going to get their money by
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the 10th so you see even the arrival of
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aid is causing concern among local
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government leaders and personally i
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don't think that they're upset over
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nothing here
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right now we only have a vague
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understanding of how the 350 billion
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dollars in aid
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to states and localities are actually
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going to work and on top of that
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even the exact amount that each local
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government can actually receive
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also remains unclear at this time so
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where do they go from here
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all we know is that the current stimulus
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law called for aid to be distributed by
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a formula
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that included economic demographics and
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population now that might work but the
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key factor is still missing here how
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about those cities that operate entirely
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independently from the surrounding
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cities right now reports are actually
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saying that this is
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actually creating confusion among local
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governments especially in virginia
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which has 38 independent cities that are
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considered
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county equivalents for census purposes
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in fact
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forbes says 11 of those cities have a
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population large enough to garner direct
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federal aid
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so clearly some sort of guidance would
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truly be helpful in this case
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anyway as we wait for the treasury to
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release the spending rules or maybe at
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least some
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guidance on how to handle the
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forthcoming stimulus fund
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a recent u.s news article explored the
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enormous benefit
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this stimulus provision could bring to
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the american people the article said
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after the last round of stimulus
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payments there are already states and
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cities with huge sums of money
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ready to be turned into valuable
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benefits for their constituents
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it would also help plug severe budgetary
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gaps at the state and local level
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gaps that led to cuts in public services
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when people needed them the most
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so basically this upcoming aid from the
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current stimulus package
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really is essential and would be helpful
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in strengthening the shape of our local
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economies but just to echo what i said
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earlier i really believe that the
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guidance from the treasury would be very
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useful at this time
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especially during all this uncertainty
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moving on we already know that wednesday
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means payday for people eligible for a
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third stimulus check last wednesday the
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irs announced that they're once again
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disbursing more 1400 stimulus payments
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along with plus
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up payments in the eighth batch of eips
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in fact
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over 1.1 million economic stimulus
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checks worth more than two billion
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dollars have already been sent out
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some of you guys have probably already
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received your eips especially if yours
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was sent via direct deposit
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mail checks on the other hand are likely
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to be on the way and you just need to
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wait a little bit longer for those
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there's a good chance that it's already
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being processed and there's nothing to
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worry about because
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delayed payments are actually more
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common than you think in fact the
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arrival of this third round of stimulus
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checks has been delayed more than a
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couple times now
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so if you were supposed to receive your
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third stimulus check from the previous
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waves
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of stimulus payments the odds are it's
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on the way and if you're feeling a
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little bit more concerned about it
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especially
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if you already received a letter from
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the government confirming that your
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payment's already been sent to you you
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can always request a payment trace
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however things are not the same for the
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first 1200
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and the second 600 economic impact
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payments
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that were approved by congress last year
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and there is actually a certain group of
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people that by now
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should have received their eips from
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those rounds we're talking about the
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social security or
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supplemental security income
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beneficiaries the social security
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administration aka the ssa
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they confirmed that and i quote most
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social security beneficiaries
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and supplemental security income or ssi
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recipients
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should have received their economic
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payments by this time and if you still
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haven't gotten yours here's what you can
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do
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you need to file a 2020 tax return with
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the irs in order to get it now according
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to the ssa
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once a return is processed that will
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prompt the irs to immediately send out
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those payments and aside from this
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reports are saying that filing a tax
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return can also help the irs
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process the third 1400 checks the
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government is still sending out so
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regardless if you're waiting for
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you know whichever round of stimulus
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checks filing a tax return could
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ultimately benefit you one way or the
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other
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anyway if you already filed a 2020 tax
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return the agency said that you don't
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need to take any further action about it
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now beyond that according to the ssa the
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refund will include any missing payment
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or missing money from the first or the
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second stimulus checks so you can expect
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to get that money too
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however as for the third stimulus check
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it will be sent out separately
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so that's what we know and what you
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should be doing if you're still waiting
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for your missing payments anyway if you
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have any further questions about that
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that you want me to answer maybe in my
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future videos
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drop me a comment down below in the
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comment section i'd love to read them
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and
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hopefully help you guys out and answer
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them in future videos now
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while the irs is continuously sending
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out the third round of similar checks
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the talks regarding additional relief
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payments or the fourth stimulus check
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to struggling americans have remained
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heated particularly
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as more and more people grow
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significantly concerned on whether a
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fourth stimulus check
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really is coming or not remember in a
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recent briefing white house press
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secretary jin saki she told reporters
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that it would ultimately be up to
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congress to decide whether or not
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more direct payments would actually come
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out this year she said and i quote we'll
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see what members of congress propose
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but those are not free now if we were to
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take a look at how the upcoming two-part
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build back better plan was unveiled
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it's easy to notice that the first piece
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of it the american jobs plan would most
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likely live up to how it was initially
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proposed a package focused more on
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physical infrastructure
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rather than stimulus so if we're indeed
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about to see the fourth stimulus or the
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fourth round of
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stimulus payments later this year it
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would more than likely come from the
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second part
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which is the american family's plan now
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the american families plan this one is
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more aligned with social infrastructure
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initiatives
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as well as stimulus measures so if
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anything is likely going to be this part
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of the plan that would include
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additional or even recurring stimulus
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payments to the american people however
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up to date there's still no official
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confirmation regarding that but this is
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exactly where we stand
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some are saying that the statement from
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gensake earlier this week
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about another round of stimulus payments
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being expensive and i can't blame you if
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you also thought that when you first
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heard about the news either but right
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now reports are saying that there are
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actually
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several reasons why the white house
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won't rule out another round of stimulus
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payments just yet the first is because
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of the popularity among americans and as
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a matter of fact google trends
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shows that searches for a fourth
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stimulus check have literally trended
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steadily upward ever since march
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and it has experienced even more of an
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enormous surge back in april
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nationwide west virginia actually takes
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the lead with the most searches even
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reaching the baseline search interest of
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a hundred
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like the scale maxes out at 100 it just
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stays pegged at 100. that's followed by
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mississippi with 81
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arkansas with 74 and kentucky and
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oklahoma with numbers in the mid 60s now
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these data points they only show that
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people are still
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interested to know about a possible
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fourth stimulus check and what's even
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more interesting about this is that
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all these states lean heavily red so
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it's like these primarily republican
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states are the ones that are
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really looking for that fourth stimulus
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check which is really odd because it's
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the republicans that
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tend to not want to provide the stimulus
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money to the american people
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and generally speaking at least
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according to what we've seen we've got
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over 150 democrats that are actually
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pushing for a fourth stimulus check
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so there's a little bit of a
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misalignment you know it's like the red
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states you know the the red states the
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people actually want a fourth stimulus
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check
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but the republicans that are actually in
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office are not exactly
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in sync with the people so to speak
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comment below if you agree or you
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disagree i'd love to hear from you and
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as far as the red states are concerned
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we know for a fact that republicans who
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represent them in congress
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have generally been less willing to
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provide their constituents
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with generous stimulus checks end quote
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nevertheless the popularity of a fourth
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stimulus check among voters
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really has an impact on you know why the
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idea of additional stimulus payments
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hasn't been scratched off yet so this is
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very good news
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now the other reason would be because
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dozens of democratic members of congress
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are still urging president biden to
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deliver more relief to the american
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people i mean
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we've got senator elizabeth warren and
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bernie sanders joining the cause in the
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upper chamber
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while as for the house a group of 21
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democrats has been vocal about their
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push for more stimulus money so now for
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both of these reasons a fourth stimulus
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check still remains very well within
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reach
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but again we still have no official
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confirmation about that i just don't
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want to get your hopes up i do want you
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guys to fully understand what is going
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on and
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you know the decisions that have yet to
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be made i'm just stating what reports
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are saying right now
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of course we have to wait for more
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updates about this so if you want to
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stay up to date
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with all the most relevant stuff make
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sure to subscribe and tap that
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notification bell
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so anyway that's all for the stimulus
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check and stimulus package update if you
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made it up this far
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i would really appreciate it if you hit
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the like button it takes me a while to
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put all this research and information
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together for you guys but anyway if you
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got any value out of this video
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definitely share this video with your
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family and your friends and i'll see you
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guys on the next one take care
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