Today we’re going over the new executive orders – the status of the stimulus check and stimulus package – and what this means for you. Enjoy! Add me on Instagram: GPStephan
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First, we have what’s known as a “Payroll Tax Holiday”
This is an executive order for employers to temporarily defer Payroll Taxes with their employees, which would effectively give them MORE money left over with every paycheck. This new executive order would DEFER those taxes from September 1st through December 31st of this year for workers earning $4000 or less bi-weekly, before taxes.HOWEVER… as of RIGHT NOW, the Payroll tax WILL NEED TO BE PAID BACK in 2021, so even though you’re getting more money upfront…unless anything changes, you’ll have to pay it back.
New EVICTION PROTECTIONS for tenants:
https://www.whitehouse.gov/presidential-actions/executive-order-fighting-spread-covid-19-providing-assistance-renters-homeowners/
What this DOES is give power to the Secretary of Health and Human Services, and the director of the CDC, to consider whether any measures of halting eviction is REASONABLY necessary to prevent the further spread of the illness.
Extended Unemployment Benefits:
https://www.whitehouse.gov/presidential-actions/memorandum-authorizing-needs-assistance-program-major-disaster-declarations-related-coronavirus-disease-2019/
This calls for a $400 per week Unemployment Benefit ending no later than December 6th, 2020 – under this, the federal government would supply $300 per week, and the state you reside in would provide the other $100 per week. In order to be eligible, according to this executive order, the recipient MUST be eligible for at least $100 per week of unemployment compensation. That means some people, in certain states, would be under that $100 per week threshold – and therefore, not eligible for the extra $400 per week.
Finally – STUDENT LOANS.
https://www.whitehouse.gov/presidential-actions/memorandum-continued-student-loan-payment-relief-covid-19-pandemic/
It’s been ordered that all student loans held by the Department of Education be deferred until the end of the year, interest free. Just remember this doesn’t apply to privately held loans, so if that’s you – this executive order won’t affect you.
TECHNICALLY – these executive orders CAN be challenged in court, and that would delay these benefits from going into affect.
On a smaller scale, there are also some issues with all of these that need to be brought up for anyone wanting a full scope on the realities of how this will play out:
With the payroll tax holiday, it is only deferment – so the money needs to be paid back. It’s also the EMPLOYERS who are responsible for withholding this tax and making sure it’s paid, so it might create a logistical tax NIGHTMARE if they’re not able to collect this money BACK, or make sure it’s paid by the 1st of the year. So most employers, out of caution, would chose NOT to give their employees their payroll tax knowing that – most likely – they’ll just have to pay it back a few months later.
Second, the housing protection isn’t really an eviction or foreclosure protection at all – it only gives the authority to someone else who has the power, at their discretion, to enact protections – IF NEEDED.
Third, the unemployment benefit is likely the most substantial from all of this – BUT, it’s estimated that – as it’s written – there’s only enough funding to last for about 5 weeks, given the $44 billion dollar limitation .
https://www.washingtonpost.com/business/2020/08/09/heres-what-is-actually-trumps-four-executive-orders/
AND…if and once the senate passes a full stimulus relief package…that will over ride these executive orders, so this may only be temporary until something more permanent goes into effect.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
The sped up version of him talking around 11:58 sounds like normal speed Ben Shapiro
Question: can employers opt out of FFCRA??
I think the only thing that will save us now is for Graham to join the cast of Selling Sunset.
Unconstitutional executive orders = political ploy to get you to vote for him
What’s up grahm it’s guys here?
Commenting for that algorithm.
I am a massive fan of the stimulus updates! Thanks for doing the research for us 🙂
Hey graham I want to say that you have inspired me to start investing. Even though I’m only fourteen I already have a 2000 dollar portfolio. Thank you 🙏
I’m did you realize you made a slip on your intro
You said what’s up Graham it’s guys here
Super quick and to the point *13 min*
Dammit. I left my pizza in the oven for to long
The check of stimulus.
Stimulus or open the fucken country…. because I need to put food on the table
There will not be any new money for quite some time. Don’t depend on it.
Love your vid Graham.
listen to all his sentences. we love graham because the way he talks. he starts his sentences in a higher pitch and at the end of every single sentence he lowers his voice. literally listen it’s so funny
“What’s up Graham it’s guys here”, I wonder if he said that on purpose though just to throw us off haha.
Liked the smash button
A lot of People collecting unemployment don’t want to go back to work because they are getting paid more to stay at home than they were making at work. To me that screams underachiever because neither amount is a lot of money… You would think they would want to work towards increasing their earning potential, either through schooling, or what I am a huge proponent of – getting into a skilled trade. Plumbing isn’t glamorous but it has been GREAT to my family!
Hello Graham, it’s guys here! 🤔
Appearently we are Graham now 😅
I hear things backwards when I’m super hungry but this time the intro was actually backwards 😂😂
This is so helpful thank you Graham!
So basically, we’re still trending towards deflation and we’re going to get hit with a bill come tax season
time for a general strike
Graham always switching us up to keep us on our toes!
The government really be paying unemployed more than I make from working active duty Military…
Smashed the like button just for the shout out to Jaidan Craig!!
Democrats pushes socialist programs of Pork to far…now they madd and Pelosi can’t get another facelift.
Hey, I saw you on SELLING SUNSET on Netflix!! great job swimming in the pool!! lol
Ah nice 😂
Years ago I heard the comedian Gallagher say that if ‘pro’ is the opposite of ‘con’, then ‘con’gress is the opposite of ‘pro’gress… 😂😅
New rolex?
Man whoever went through the trouble to count those smashes are real troopers!
With all the webull stocks you get how much have them have actually been over $1k? Lol
Thank you Graham.
the only important thing in this video is that he is not sporting the Zenith El Primero!
Feels like you’ve asked over 10,000 times.
“What’s up, Graham, it’s guys here”
what ROLEX is it ?? 😉
“Whats up Graham its Guys here”…🤣🤣
Canada 🇨🇦 Is The Place To Live…. They Care For The People~…
Hey, if they ain’t paying, they have to go. You can’t run a business without any paying customers. These eviction bans are just dumb. Its like if you picked out a new TV, but you had no money, but legally they had to give it to you anyway. What sense would that make ?
I would learn something but I can’t get through a few minutes of you talking 🥴😵😵
Graham: the president caint give everyone $10,000..
MR Beast in 2028: HOLD MY BANKS
Did anyone notice, he started with ‘Whats up Graham, it’s guys here’ 😂😂😂
“What’s up Graham it’s guys here” anyone else catch that😂
I need this money before the Apple split por favor Mr. President.
“Press the youtube algoritm for the like button”
I’m in medical transportation. The unemployment made twice as much as I make. I also know alot of people that abused it.
This man is so entertaining!
Darn it!🤬 To hell with them and their fawking stimulus check☹ I don’t need it anymore.
I’m tired of waiting for it…. They can eat it for all I care.
Chill out man! You gonna need the money, okay? Just chill
I don’t need it anymore.! Just got my profit worth over 30k of something I did a month ago… so you see it’s of no use to me hahahaha
Woah😧30k?? Now I see the reason why you ranting… But what really gave u such huge amount ??
I’m an investor in cryptocurrency man. I trade crypto.
Lol i love how he’s just straight translating political jargon😂 American people are usually stomped after reading those vague blogs about the stimulus. 👍
Recess? Really?
You go on recess, you get no paycheck. Then you’ll see how fast they’ll pass a bill.
How are people say this $400 a week would take months to set up because it is a new system.
Where the hell have these people been for the past 4 months? When it was $600 a month.
“Whatever can happen will happen” is not a saying its actually a law, Murphy’s Law.
600 extra for unemployed is misallocated money. It’s also way too much for helping some one to get by during a hard time. Why do you never mention this ?!! This is spoilage at the expense of the tax payer. Even the $300 would be too much. The original unemployment amount was enough; if you need the extra $600, then you probably live too lavishly !!
Need that stimulus to invest 🤑
I, once again, get screwed. I had just gotten out of school and was looking for a job when this started, so I was only working part-time when I got laid off and would receive under $100 per week on unemployment alone. I also missed the stimulus check because they ran my social through before I submitted my 2019 taxes. I was not eligible in 2018. I’m also an at-risk disabled woman so trying to get a job right now will be even more challenging.
You forgot to mention that your state has to apply for the unemployment benefits
It’s hard not to push that like button the way you say it.. 🤭
Graham, I strongly encourage you to rename this video to, “WHAT JUST HAPPENED TO SMASHING THE LIKE BUTTON!” haha!
Buttoned the like smash because of that funny intro
Hey man. You should really cut back on the “intentional hand gestures” while you are speaking ! It’s very clear that you are doing this on purpose and it’s just too much and for those paying attention, it’s rather annoying because it is so disingenuous !
Wait the edd do you have to pay anything back to them also is it tax free or what I don’t understand please because if you have to pay it back I don’t want to use it I don’t want to get stuck that’s why
better than the news
@grahamstephan the new $400 care act. Will we receive it automatically in our unemployment check, like with the $600 care act? or do we have to apply separately for it? thanks for much for the help!
Will I be getting a tax return next year?
Your the only person I’ve ever seen who talk so fast and still be understood, is that a gift or went to school to achieve this .AMAZING
Thanks for the Webull referral! CX and LEVI
Is there a chance you can make a video regarding what to do when your unemployment benefits run out?
What’s the saddest part of it all for me it that the Democrats shut down the doors to the nation knowing that it will cause a slow down of the economy. Now they are refusing to help out the country with the mess that they’ve made.
Everyone PLEASE GOOGLE, “what are Presidential emergency action documents?” And understand the urgency in why it is imperative to get TRUMP out of office.
Soooo how about that HEROS Act…? Congress just forget about that? Orrrrrr?
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Love your content! Can you go over life insurance? I am soo confused.
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Amazing Video!!! 👌👌 Love your content!! 😁
I’ve been watching Graham for a long time and every single video I say there’s no way he barely graduated high school. 🤔 His compréhension skills are up to par. The way he articulates is smooth. I am really having a hard time believing he didn’t excel in school. Hmm I hope this is encouragement for those who didn’t choose college.
Are you noting that unemployment assistance is o my going to red states atm
You lost me on this video when you asked for a like. Oh well, could have been a good video.
Where is the link Graham?
I forgot to smash the like button
Graham, you should do a video explaining Forex trading. My friends wanted to start doing it and told me to do it, but I don’t know enough about it.
PEOPLE WHO TRUST THE GOVERNMENT ARE FOOLING THEMSELVES
I hate how convincing you are about getting me to hit the ‘like’ button…
Less executive order, more strongly worded suggestion
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Thank you for this video
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You should do a video with Dan peña
Hey, quick question. Is the $300 extra if you make $100. Is the $100 dollars BEFORE or AFTER taxes?!?!? Please lmk
I’m sure if you round up all the vacation money they spent all of us in the USA could of went on vacation!! Man the sheepeople are not bright!!
I had to go back to this video just now to see if my job is doing the payroll cut. I just look at my paystub and it’s till taking out the Full 6.2% out of my check and 10% out of federal.
If you want me to start Exposing people on videos starting with Graham Stephan Like my comment. I dont like making videos, but guys like Graham Stephan that seems legit and nice need to be exposed to. These guys sort of piss me off the most because they try to walk the line of I’m good. Infact they are not as good as you think they are. I even know things that even coffee zilla has not even mentioned yet. I care about others and I care about the truth and the whole truth. Graham Stephan is just one of many that might seem nice but is not that nice regarding really helping others. They will all be exposed and might need more than one video per person. So give me some feedback and I will respond back. Have any questions I will answer right away as soon as possible. I just hate half fake people or fake people that lie. If you want to know specifics about any youtuber including Graham Stephan I have no problem exposing him in a message either.
so no hazard pay or hero pay for risking my life. at least i get to pay people to stay home