The next Heals Act Stimulus Package and Stimulus Check were just announced, so here is the proposal, exactly what’s in it, and how this impacts you – Enjoy! Add me on Instagram: GPStephan
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This is known as the HEALS Act – It stands for Health, Economic Assistance, Liability Protection, and Schools – and, you guessed it – that’s what this is going to cover.
In this, it’s been nearly confirmed that, YES, there will be another round of checks to be sent out in the HEALS Act. The current outline would provide the SAME payments as previously, so everyone who got a stimulus check LAST TIME would most likely just get another stimulus check.
In order to be eligible for the full amount, you’ll need to earn $75,000 or less as a single filer, or less than $150,000 as a married couple – and every $100 you make over that amount reduces your payout by $5. You’ll also receive an extra $500 per dependent.
Next, we’ll need to talk about – arguably – the most important and pressing matter of the stimulus package, and that would be the extension of the unemployment benefits.
According to the NEW HEALS plan, the unemployment benefits will be CONTINUED, but they’ll be reduced from $600 per down down to $200 per week through September. After that, states will replace the unemployment maximum at 70% of a workers previous pay – meaning, anyone claiming unemployment benefits won’t be making more money than they’ve made from their job, and they’ll now be making almost a third less until they get back to work.
This stimulus package is also going to closely examine the Paycheck Protection Program, and continue it further – BUT, it’s going to limit who can apply by only opening this to companies with 300 or fewer employees who have seen a quarterly revenue loss of more than 50% – which, makes some sense – they want to make sure this goes to the businesses that need it the most, and that’s a decent way of doing it.
Besides that, the HEALS act also aims to shield businesses, doctors, and schools from lawsuits – The bill will also provide $105 billion towards helping schools reopen, and $30 billion of that would be allocated towards Colleges. It also includes another $16 billion to increase testing, and another $26 billion towards new developments and treatments.
It also allows for 100% deductibility of business meals…whereas, right now that deduction is worth 50%. Finally, the bill also includes some additional tax credits and deductions for upgrades to the workplace that allow for operates to run safely. This might include spacing out desks, putting up more protection between people, and so on. And there’s also employee retention credits for employers to keep staff on payroll.
But, as for the timeline on this – it’s a little unclear, exactly. We know that they’re PUSHING for a finalized bill to be put into effect by August 7th, because after that – they’re going on recess until September 7th. But assuming it gets passed before then, we’ll likely see new stimulus checks being dispersed in late August.
Everything else between now and then is all negotiation. The next step is that this is going to be re-negotiated and slightly modified, although what we see now is going to be the BASE from which more things are added on to this…it was even implied that it might be an option just to pass this now, and then see what else is needed in the future.
There’s going to be a LOT of new developments this week, but the GOOD news is that a new stimulus package looks pretty much guaranteed to happen, it’s almost confirmed that there will be a second round of stimulus checks the same as the last time, and that unemployment benefits WILL be extended – although it’s going to be a reduced rate.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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This guy stretches out the video to hit the 10 minute mark.He could have explained everything in 1 minute if he didnt talk so much trash. Disliked.
Can one really discuss all of that in one minute?
Supreme video!!! 👌🔥 I really live watching your videos!! 🔥
Yeah, these pigs have no idea what a small business owner has been going through. All these programs are pennies. How can they show their faces when they’ve ruined my business because they believed covid was a hoax? And who is going to a business dinner? All this is crap.
Where is all this money coming from? Is the Fed just printing hundreds of billions of $ to keep the economy afloat?
Yes
Here comes the inflation 😭 I wish they didn’t print all of this money, last I checked they increased by 6.6B. and they put tall the employees at the mint on printing more and can’t keep up with coin production LOL
Taylor Sessions there will be no crazy inflation, they are not printing empty money, they are “borrowing” it
@@taylorsessions4143 The US dollar is one of the most respected and stable currencies, our country will not experience hyper-inflation.
@@karanpatel8910 yeah Zimbabwe thought it was a good idea to probably their way out of their debts too, now they are carrying their cash in garbage bags and weighing it to pay for their groceries. Most of the world’s leading nation’s historically speaking are lucky to last 350 years. I love our country and hope for the best, but come on, we gotta be realistic. Our dollar is not invincible and it’s been steadily losing its buying power, not gaining.
Anyone knows what kind of watch is Graham using in this video ??
Awesome, not only am I essential, im also a dependent. So I literally get nothing here…
i just want my 1200 😎
If I’m being quite honest a lot of people that don’t save.they fucked themselves over. Lots of people are mad at the government, lost of jobs. if in a honest opinion people need to save and prepare, this message is brought to you by SHADOW LEGENDS… lol I was kidding about this opinion lol.
That puppy tho
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I just filed my taxes on July 15 and it’s my first time ever to file taxes so do I get a check?
They were using the tax returns from 2018 do most likely not
People are saying because it says IRS when you get the money, that we are going to have to pay it back or not receive a tax return. Is this true?
No.
I never got my check and just figured out how to order it. Hopefully it shows up
Hope it comes soon for you.
This bill STILL leaves out frontline workers that have been working and getting exposed and sick… it says nothing about hospitals either..
Hope a vaccine comes very soon & not another plan for a 3rd stimulus check in a few months. Go back to normal life.
They should give all essential worker automatic medicare regardless of job position, and the $450 boost for working during the pandemic.
FYI I’m not an essential worker. I just got laid off last week, but I have a few family members who aren’t making enough to pay rent or bills because their hours got cut. Have an online job interview tomorrow so pray for me XD
Hey Graham! You should do a video on finances for people with chronic health conditions. There are a ton of resources available that most people don’t know about. Some people are spending upwards of $1k a month on medical bills, young people included! Financial planning looks different for them, and I’m sure we could use your expertise, as we all could get something chronic unexpectedly (but hey they want to retire some day, too, and wealth can be built even while being sick).
Thanks!
I really appreciate all your hard work Graham. There’s very few Youtubers I trust when it comes to money management and investment strategies. You are the top one! Again thank you for working so hard and doing all your research to help spread the knowledge.
How does it make sense for the government to go on a “recess” for a month in times like this?
It’s not actually a “recess”. It’s a needed time for them to go back to their states and hear from their constituents.
That doesn’t mean they actually care about their constituents though, which is sadly common.
More money for the big corporations from the biggest corporation.
I’m glad there is no age limit on this one. My parents claimed me last year and I moved out this year so I didn’t get anything which was disappointing and ontop of that I’ve been working the whole pandemic 😩
The title of this video is about as misleading as they come. It is pure click bait. The next round stimulus is NOT confirm. There is a draft bill that is still being negotiated.
Amazing job taking such a political topic, and not making it about politics. Smashed and sub’d.
I lost my job and still haven’t gotten another job. I am literally so desperate that I am canning and selling jam…. If anyone wants to buy some with there stimulus that would be great hmu lol
I feel like a sucker every time. He sneaks in “Smash the ‘Like’ Button” when I’m not expecting it and I comply every time.
I didn’t even get the first stimulus check, so I would be surprised if I got this one. I honestly should have got the first one, so if they decide to send me both of them, I’ll be very happy.
Graham says there no chance the stimulus could get bogged down in congress….
*looks at 2020
Don’t.
What’s the difference between a s corp and a LLC
will green card holders get stimulus checks
This was very well explained, thank you!
If president don’t sign off on it, he will get veto out of the white house!
Gra -hulk smash the like button!
The fact that people were making more on UI and PUA than on their jobs tells you how the middle and lower classes struggle on a normal situation to make ends meet.
Where does this guy get his info from? Nothing has been confirmed at all. They are hoping to have a bill for trump in the next 72 hrs, and not sure of that either.
I need help in the military have been over seas and have saved 50k i don’t know what to invest my money in please help
Would now be a good time to invest in S&P 500?
I worked through this entire pandemic, but on Monday i was furloughed because my business is just now struggling from the effects of the covid-19…. Just in time for all the help for those losing their jobs to run out….. 😥 I have savings to get me through a while, but I am worried if the furlough lasts longer than anticipated.
I love how fast you talk! It’s so intriguing! 😆
Can anyone help me. my mom files taxes but she never received a stimulus check I don’t know if it had to do with her immigration status but she does have 2 dependents and she never received the $500 for each of them. Does her in the debility of receiving the stimulus check automatically disqualify her from receiving the dependents amount.
Government and efficient are not two words that go together.
No incentive to like when you SHOW us the puppy, Graham!
Some of us still work critical infrastructure, waiting on that spicy hazard pay!!
It’s so annoying seeing people get mad at people who are unemployed making “more” money than someone working. Yes it’s fucking awful that you’re not making much but that’s the governments fault. Minimum wage should be higher. People are on unemployment are making “more” but that should be the bare minimum. I’m single and a student and that was BARELY enough to cover bills and necessities to live. Stop getting mad at people who are receiving unemployment
Please make video about Forex trading on how it works, is it recommended, what type of person Forex is best for, when and why would a business man Forex, long term and short term advantages/disadvantages
So nothing for college students again… great
I look forward to your finance news 🦾 thanks.
Let’s talk about the meaning of ‘confirmed’ because i think this video misses the mark. Still love you graham.
I was questioning it too. I was like “when was this confirmed?” 😩
Can you please do a video on what to do about buying a house with mold? Is it always a deal breaker?
AND NOW?
college students have probably the most debt been the ages of 17-24, and not everyone’s parents are going to help their kids:/
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thank you so much for explaining this in such great detail. so happy to see you break this down for me. Thank you!
Your picture in the thumbnail is an insult coming from you lol
I missed the date of the next stimulus
Graham where’s the update video?
Gawd damn just give this guy a like. Stephen for Senator
I really wish they will extend student loan repayment again!
It’s not confirmed yet.
They are on a 30-day break and nothing got accomplished when they last met on Friday.
No they’re actually on stand by, and the majority leaders are still meeting.
They don’t reconvene until September 8th….
Lies. Not confirmed.
Thank you for making all this easy to understand!
I should have quit my retail job months ago. Unemployment literally pays double what I earn working full time.
That’s not how it works. You have to be laid off. I don’t understand why everyone was upset about it. It’s not like those people quit those jobs to get those benefits. You still have a job many of those people won’t have anywhere to go now.
What week do you guys think we’ll be getting our deposits ???
I dislike the fact that people are getting paid to not return to work. I work in a hospital. And so many people are staying home to get paid. Frustrating!
Or they just need to drop all this and let people get on with life. We need less government
$600/week on unemployment is equivalent to $15/hour × 40 hours, a full work week. The fact that so many people were making less than that when they were working just reveals the greediness of many companies by not giving their employees a living wage. And let’s be clear, even $15/hour isn’t that much (here in America, even in Alabama where the cost of living is cheaper than most of the other states). $15/hour is having enough to pay bills and make ends meet with no money left over to invest or save.
I worked the entire pandemic and my company hired back on people who didnt at a higher wage than I….
This video aged well
love that people preach this virus is so dangerous but life went on for those people that worked and still showed up to work everyday with no extra incentive, only an incentive to be let go and make more or equal amount of money sitting on our asses at home..unreal
I’m a lurker…I don’t produce content.
I look for trends…not in markets…but in intrinsic socio-economic values between classes…each possessing its own interest based school of thought.
I retired at 29 years old so I MIGHT know what I’m talking about…
The economic model isn’t sustainable when the expectation is infinite exponential growth with a positive return to investors.
However – its existence is sustained by the disproportionate ratio of no-doer consumers and service providers / global handlers or influencers.
No one would watch or care about this video if they ( you ) quit playing the game…learned the definition of discipline…and developed an action plan to be self sustaining.
being a full time college student and not having a job before the pandemic, is just HORRIBLE. we get NOTHINGGG !!!
So does this mean I should invest in Amazon before it goes up again? When everyone spends it there.
I totally agree with cutting the unemployment to $200 a week. Maybe that can give incentive to people who work the system to actually go to work to make an honest income. It isn’t right for non-workers to make marginal wages close to managers at bad industries. Shoot $600 a week! These non-workers are making near $17/hr for doing nothing if you were to include a minimum tax cut of $300. Such a shame.
Thanks gram
Everyone go watch “clear value tax”. He actually posts facts with no clickbait.
So when we getting that stimulus check??
Guess you inside look was wrong since the dumb ass dems wouldn’t agree.
Soooo how exactly is this confirmed?
This aged well… Still no concrete bill…
Yup. Not happening anymore. Democrats and Republicans are fighting again.
Your thumbnail says confirmed so whens my check coming oh its not confirmed your a click bating pos thanks
I STILL have not received my first stimulus check!
If you want good info up-to-date check out LaLate and u will get good info without the bs and fluff… i also haven’t heard him once to ask to hit tge like button
college students getting railed
I filed my tax return in February and still haven’t received it… just “pending”
Does anyone know if we owe anything for receiving a stimulus when we do our taxes?
This world gets me mad. Instead of investing so much money in the military they should invest in our health and science. Like honestly why we are fighting against each other when the only way to have a future is for all to be together. Literally what we need military for? An alien comes from another galaxy theyre basically a God to us, what are our little weapons going to to do them. This is just stupidity and we are being ruled by dumb people.
its Aug 14 and I still havent gotten anything =)
They lost me when the Republicans shot down the heroes act…as an essential I have felt royally screwed by this pandemic and I know a lot of ppl who agree
Thank you for not being like Meet Kevin & sucking dry that Stimulus clout lol
His worse nightmare is when Stimulus is finally deposited 😅
CONFIRMED EY
They must cease & desist the continual attack on SOC. & MEDICARE !!! I contributed into those funds since the age of 15. Was told that was going to help me when I get old. WELL GUESS WHAT ? NOW IM OLD, & I SURE COULD USE ALL THE HELP I CAN GET.
Update?!
He said in the header that is is confirmed. 2 months later still nothing is confirmed. His headers are misleading. I hate when people do that!
Stimulus update video coming soon?
When do we get a stimulus check got to get first before second