Workflow
Home / Articles /

Stimulus Check Update and Stimulus Package Update September 10, 2020

Stimulus Check Update

Stimulus Check Update and Stimulus Package Update September 10, 2020

News

View Our Latest Stimulus Article

Brian-

Quick Overview

  • The Senate is expected to vote on the smaller Republican stimulus package today.
  • President Trump wants to issue additional executive orders for more unemployment benefits, this is on top of the one currently in progress with FEMA.
  • The IRS is sending out 9 million letters to people that still need to claim their stimulus checks from the last stimulus package.
  • The US unemployment data was released this morning by the Department of Labor. There were 884,000 new people filing for unemployment claims last week, which is slightly worse compared to the previous week.
  • There are currently 29.6 million people receiving unemployment benefits.
  • President Trump acknowledged that before the first Covid-19 case in the United States, that he knew that Covid-19 was deadly and highly contagious and that he intentionally downplayed the situation.
  • Covid-19 cases and fatalities are back on the rise in the United States.

Stimulus Check News

The IRS is sending out letters next week to 9 million people telling them to file their 2018 or their 2019 tax return in order to claim their first stimulus check. The letter will tell you to go to the IRS website and claim your stimulus check by October 15th, otherwise, you’ll be stuck waiting until next year for your stimulus check. So please be sure to claim your first stimulus check on the IRS website if you haven’t done so already and that’s just a heads up to expect that letter if you’re one of those 9 million people.

President Trump and the White House want to issue additional executive orders because the progress of the stimulus package negotiations is going too slowly. One of the executive orders being taken into consideration is a bailout of the airline companies. The other executive order in consideration is more unemployment money, just like the one that is currently in effect through FEMA.

The White House did not say that they would be limited to just these two executive orders, but those are the ones that are currently being reviewed and prioritized. The other executive orders being taken into consideration include money for school vouchers and modifying the payroll tax cut to help employees.

This information was released last night.

And if you remember, last Friday, President Trump said that he would like to issue a second stimulus check because the government has $259 billion dollars of unused and uncommitted funds from the last stimulus package.

The reason why I’m bringing this up is because the money for these additional executive orders would not be coming from the $259 billion of uncommitted funds, these are two separate pools of money. And if you think about it, it’s ridiculous because the politicians literally have the money sitting there, unused, doing nothing. And they’re refusing to give it to us. They’re refusing to release those funds. This is what I mean when I say that our own money is being held hostage by the politicians.

The Senate is expected to vote on the smaller Republican stimulus package today. If you would like to know what is included and missing from this smaller stimulus package, please refer to our article from yesterday.

I’m going to give you my honest opinion. This smaller stimulus package is a waste of time. This is a Republican stimulus bill in the Senate and the Senate Democrats are expected to block this with a filibuster. If the Senate Democrats choose not to block this and it actually passes in the Senate, then this Republican Bill is considered Dead on Arrival in the House of Representatives, which is controlled by the Democrats.

The politicians need to stop wasting time, at the expense of the American People, and they need to make real progress with meaningful negotiations on the larger stimulus package.

Unemployment Claims Data

Unemployment claims data came in this morning. The amount of new people claiming unemployment last week was 884,000 according to the Labor Department. There are 29.6 million people receiving unemployment benefits, this includes self-employed and gig workers. The unemployment rate is currently 8.4% and gains in employment were slowing in August.

Political News

In Political News, President Trump admitted that he knew about the dangers and the threat of Covid-19 before the first case appeared in the United States. President Trump said that he downplayed the threat of Covid-19 because, and this is his quote,

“I don’t want people to be frightened. I don’t want to create panic, I’m not going to drive this country or the world into a frenzy. We want to show confidence. We want to show strength as a nation. We don’t want to show panic. We’re not going to show panic, and that’s exactly what I did”.

Please comment below on what you think about President Trump’s actions.

Covid-19 News

  • Cases and fatalities are climbing back up in the United States as we reported 32,711 new cases and 1,162 fatalities on Wednesday, this is according to the John Hopkins University.
  • The global death toll from Covid-19 is 900,239 according to the John Hopkins University.
  • India has set a new record for most Covid-19 cases in one day by a single country at 95,735 cases yesterday.
  • France says that they don’t want to go back into lockdown but that option is still on the table and being taken into consideration as Covid-19 cases are increasing again.

Recent Reviews

...

Legal

Our articles and posts may contain affiliate links. If you buy something through one of those links, you won’t pay more, but we’ll get a small commission, which helps to keep our website up and running. We review each product and service thoroughly and give high marks to only the very best. We are independently owned and the opinions expressed here are our own.

Subscribe to Our Newsletter

©2021 ClearValue Finance. All Rights Reserved.

Powered by Exit 35