NEW BILL $600 BILLION Third Stimulus Check Update $1000 Biden’s Unemployment Update SSI SSDI

NEW BILL $600 BILLION THIRD STIMULUS CHECK UPDATE Biden’s Executive Orders + Unemployment Update SSI SSDI

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Here’s your daily stimulus check, your second stimulus check, your third stimulus check, your executive actions, executive orders, memorandums, moratoriums, and stimulus package update for Saturday, January 31st, 2021.

As President Biden continues to push for $1400 stimulus check, some speculation suggests not everyone will be able to receive the full $1,400.

Ways that Congress may alter the third stimulus to pass, would be adjusting the amount that people are expected to receive.

Biden has said that he’s open to negotiating who will qualify for a third stimulus check, saying nothing is set in stone.

The first two stimulus checks, in April and December, were given to Americans who earned $75,000 a year or less.

In slight changes with the second round, dependent children qualified for the same $600 that their parents would receive, whereas they only received $500 during the first round of $1,200 checks.

So if the third stimulus check passes, the amounts may vary for those who earn more than $75,000 per year and they could create another cutoff point that’s different than the previous two checks.

A new analysis of President Joe Biden’s $1.9 trillion stimulus plan found that the $400 billion in aid allocated to financially vulnerable households provides the biggest boost to the economy.

According to Brookings Institution researchers, “aid to financially vulnerable households is estimated to have the greatest effect on GDP, increasing it by nearly 10 cents per dollar of aid in the second quarter of this year.”

The study also states, “the effects of the measure are expected to peak in the first quarter of 2022 at roughly 25 cents per dollar of aid.”

Biden indicated this week that he’s open to talks aimed at further targeting payments.

And finally, ten senators announced plans Sunday to release an approximately $600 billion relief package that could serve as a bipartisan alternative to President Biden’s $1.9 trillion plan.

In a letter to Biden, they said they were offering their proposal in recognition of the president’s “calls for unity.”

It would also reduce the size of a new round of checks Biden wants to send to Americans, from $1,400 per individual to $1,000 — while significantly reducing the income limits that determine eligibility for the stimulus payments.

Top Biden economic adviser Brian Deese said on CNN’s “State of the Union” that the White House had received the Republicans’ letter and would review it.

Republicans wrote in the letter, “We want to work in good faith with you and your administration to meet the health, economic and societal challenges of the crisis.”

Their move comes as Democrats prepare to move forward on Monday to set up a partisan path forward for Biden’s relief bill.

This is much lower than we have anticipated so it will be interesting to hear what the Biden administration has to say.

That was your stimulus check, your second stimulus check, your executive action and stimulus package update for Sunday, January 31st, 2021

Sources:

https://www.newsweek.com/joe-bidens-stimulus-financially-vulnerable-will-provide-biggest-boost-economy-study-1565603

https://www.washingtonpost.com/us-policy/2021/01/31/gop-stimulus-compromise/

https://www.newsweek.com/why-getting-1400-stimulus-check-isnt-guaranteed-even-if-you-received-first-two-1565607

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Видео NEW BILL $600 BILLION Third Stimulus Check Update $1000 Biden’s Unemployment Update SSI SSDI канала Andrew Cartwright