Finance

$2.1 TRILLION STIMULUS APPROVED – Where's Your Check??

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The historic 2.1 trillion dollar coronavirus stimulus has been approved. So where’s your check?

Coronavirus Stimulus Payments: How Much Will You Get & When?
01:15 – Quick Coronavirus Stimulus Bill Update
02:17 – Where’s that $2.1 TRILLION headed?
03:35 – How much money should you get?
03:52 – When will your stimulus check arrive?
04:19 – Who qualifies for a stimulus payment?
05:03 – How the IRS determines how much you’ll get.
06:43 – What if you lost your income due to the coronavirus pandemic?
07:22 – Would you have to pay the stimulus back?
07:48 – Additional stimulus payment questions.
09:10 – SPECIAL ANNOUNCEMENTS

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Well, that 2.1 Trillion Dollar rescue package was approved by the Senate on Thursday, 96 to zero, and the House on Friday afternoon after persistent negotiations between the Trump administration and leading senators and members of the house.

Following that unanimous approval from the Mitch McConnell and fellow Republican and Democrat senators, the stimulus package was quickly approved by Nancy Pelosi and fellow Democrat and Republican members of Congress early Friday afternoon, with Trump signing the bill shortly thereafter.

This $2.1 trillion economic relief plan includes one-time direct payments to most households, but that’s not all.
Since this money is coming from us all in taxes, we should know where all that money is going…
Roughly $835 billion is going to Federally Backed Loans.
– $454 billion in Loans to Businesses.
– $349 billion in Small Business Loans.
– $32 billion in Airlines and Cargo Grants.

Roughly $951 billion is going to Direct Relief. This includes….
– $301 billion in Household payments.
– $221 billion in Tax deferrals and extended deadlines.
– $250 billion in Unemployment insurance.
– $29 billion in Direct Relief for Airlines and Cargo Carriers.
– $150 billion in aid to states.

$340 billion in Supplemental Aid.
– $25 billion going to Public Transit.
– $117 billion going to Hospitals and veteran’s care.
– $198 billion marked for “other”….

This is everything you need to know about the coronavirus stimulus payments from the government. Comment below – what should we tackle next?

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Robert Dunfee