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2021 Infrastructure Bill Passed! - $1400 Fourth Stimulus Check Update, Paid Family & Medical Leave - YouTube
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Whatsup youtube its joel, with your stimulus
check and news update as of November 5th,
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we have some great news for families and adults
and thatâs means more money in your pockets.
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LETSS GOOO, nancy pelosi, has added 4 weeks
of paid family and paid medical leave back
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into the huge trillion dollar bill as well
as state and local tax deductions.
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Nancy pelosi is planning on voting on these
huge trillion dollar bills within days.
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Progressive leader jayapal says house progressives
are ready to pass both bills as soon as possible.
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We have some more info on the free laptops,
free tablets, and free desktops that Biden
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put into this huge reconcilation package.
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Now this bill is getting wrapped up but bernie
sanders is now slamming this huge trillion
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dollar bill big time, we will get to that
in just a moment.
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And we do have an update on the fourth stimulus
check, because some people will actually see
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a huge increase in their taxes when they file
them in 2022.
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And if you could do me a huge favor and smash
that like button for me and the youtube algorithm,
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it really helps the channel so much and it
cost you absolutely nothing for real.
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And please if anyone ask you for personal
info or to contact them on whatsapp or text
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, its not me its fake please donât do it.
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So things are wrapping up and were closer
then ever to actually getting a bill passed
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by the democrats.
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But speaker nancy pelosi just came out and
is adding even more back into the system.
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So one of the biggest pieces that was removed
was the paid family and paid medical leave.
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Well pelosi has come back and added that back
into the huge trillion dollar bill.
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Americans will be able to get 4 weeks of paid
family or paid medical leave from this bill.
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Pelosi said,
âAs we are reviewing priorities and at the
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urging of many Members of the Caucus, I have
asked the Ways and Means Committee for its
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legislation for Paid Family and Medical Leave
to be included in this morningâs hearing.â
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Now this is huge because there are a lot of
progressives that were pushing for this and
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because pelosi pushed this forward she has
grabbed more votes from the progressive side,
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so this puts more money into americans pockets
and takes care of them in their time of need.
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Pramilla jayapal said,
that after spending the weekend reviewing
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the legislative text and conferring with the
progressive caucus, she is ready to pass the
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$1 trillion bipartisan infrastructure bill
as well as the $1.75 trillion social safety
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net expansion bill once a few details in the
latter are finalized.
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So with this additional piece of legislation
added the progressives are ready to move forward
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and pass this in the house.
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Now a lot of people are concerned that when
it gets to the senate it will be removed.
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Well it may or may not, but pelosi is pushing
forward on what she believes as a leader that
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is important to americans and to get enough
votes to pass this trillion dollar bill.
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And since this amazing news you should get
you 2 free stocks with webull or robinhood
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worth hundreds and hundreds of dollars.
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if you use my links in the description of
this video worth hundreds of dollars.
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Its free and let me know which free stocks
you get in the comment section,
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Now there is something else that was added
in terms of state and local tax deductions
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that has the democrats divided again.
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Better known as the salt taxes.
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The House plan would raise the $10,000 cap
on the state and local deduction to $72,500,
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starting in tax year 2021.
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It would also extend that higher cap through
2031.
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This would be a huge tax cut for the wealthy.
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These salt taxes were actually in place from
the republicans 2017 tax package.
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And its crazy to say but bernie sanders is
furious about this and is calling this unacceptable.
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Sanders said,
âI think there is a compromise to be reached
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here, a middle ground, which says that for
families earning less than $400,000, they
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can take a complete exemption, but not families
earning more than that,â said Mr. Sanders,
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who had released a blistering statement criticizing
the agreement.
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âWhat exists is unacceptable, and one way
or another it will be dealt with.â
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according to budget experts.
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A straight repeal of the cap for every household
that claims the deduction would siphon huge
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amounts of revenue from the federal government:
about $90 billion per year,
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But even with all this happening the progressive
democrats are declaring victory, over whats
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been agreed upon and now its time to see pelosi
push these bills to the floor of the house.
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So theres lots of things happening with the
new pieces of legislation but we are moving
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forward and can expect to see these bills
passed any day now.
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Let me know your thoughts on the new pieces
of legislation and if you agree with them
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or not in the comment section
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So lots of people are about to get free laptops,
desktops and tablets.
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So with the passing of this bill, there has
already been 475 million dollars allocated
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to help low income families get a free laptop.
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Theres more backing behind this and its something
that is already in the bill so its not something
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that has to be added.
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This would become available immediately once
the bill is passed.
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According to the Pew Research Center, as of
June this year, only four in ten lower-income
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adults have access to a desktop or laptop
computer, and the majority are not tablet
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owners.
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Only 43 percent of low-income adults also
have access to broadband at home.
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These devices and technologies are widespread
in households that make $ 100,000 or more
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each year.
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This is where they are trying to bring everyone
up to speed and we all know a laptop, ipad
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or desktop ant cheap and im glad to see that
this will be helping out so many Americans
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in getting access to technology as well as
being able to use this a resource to grow
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their skillset and build a better life for
themselves.
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Let me know if your excited that you might
be receiving one of these devices in the comment
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section.
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So onto the fourth stimulus check.
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There are millions of people that are for
getting another check, but at this point they
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have not included it in the legislation.
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Now there are a ton of people that were supposed
to get a stimulus check in 2021 but didnât
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or if you had a baby in 2021 and didnât
get the stimulus check for that new baby your
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owed another stimulus check.
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So according to the irs when you file your
taxes in 2022 for the year 2021, when you
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add your additional dependents its going to
credit you the stimulus check you are owed.
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Also you will be able to file in your taxes
that you didnât receive one even though
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you were supposed to get one and they willl
add that additional money into your tax refund.
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So
there will still be quite of few people receiving
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a much large tax refund because of this, and
so remember to file your taxes as soon as
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you can so you can get the money owed to you.
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If you have any questions please put them
down in the comment section and ill do my
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best to answer them.
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***but please Donât forget to subscribe
, like this video and and hit that notification
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bell, to stay up to date on stimulus and economic
news that affects you.and learn how to build
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some wealth.
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This is joel with true life investing until
next time peace out.
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