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Stimulus Check Update and Stimulus Package Update September 4, 2020

Stimulus Check Update

Stimulus Check Update and Stimulus Package Update September 4, 2020

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Quick Overview

  • For the stimulus package, the Senate plans to vote on the Republican stimulus package next week.
  • The Senate will be back in session on Tuesday after 31 days of vacation.
  • In addition to the stimulus package, the politicians need to pass the Federal Government’s budget because the government’s fiscal year begins on October 1st.
  • Treasury Secretary Steven Mnuchin and Nancy Pelosi have reached a deal to prevent a government shutdown and have agreed to keep separate the government budget and the stimulus package bill.
  • The Democrats are trying to legally stop President Trump’s executive order on the payroll tax cut.
  • I’ll provide a status update on President Trump’s executive order on the Federal Unemployment Payment.
  • The Jobs Report shows that we added 1.4 million jobs in August and the unemployment rate is now 8.4%.
  • We’ll be covering the battleground states that will have the biggest impact on the 2020 Presidential Election.
  • Covid-19 cases are remaining steady at 36,000 cases in the United States.

The Skinny Bill

The Senators return from vacation on Tuesday. The Senate is expected to vote on the smaller Republican stimulus package next week. The Republicans have a larger stimulus package for $1.3 trillion dollars, that one has the stimulus checks. And the Republicans also have a smaller stimulus package, known as the Skinny Bill, which is in the range of $500 billion to $700 billion dollars. This *Skinny Bill does not have stimulus checks\*. The smaller bill will be voted on next week.

This Skinny Bill has money for unemployment benefits, for schools, a second round of PPP money for small businesses and self-employed people, money for Covid-19 testing, and money for child-care. This Republican bill will face fierce opposition from the Democrats. Chuck Schumer, leader of the Democrats in the House, said that this Republican Skinny Bill

“does not provide money for rental assistance, nutrition assistance, state and local governments, the census, or safe elections”.

Schumer said that Senate Majority Leader Mitch McConnell and the Senate Republicans are making an unacceptable and ineffective attempt at providing relief.

In addition to the stimulus package negotiations, the politicians will also need to vote on the government’s budget for next year.

Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi have agreed to not mix stimulus package negotiations with government budget negotiations. They are expected to pass a short-term bill in order to keep the government funded until the end of December so we can avoid a government shutdown.

President Trump’s Executive Order for the Payroll Tax Cut

President Trump’s executive order for the payroll tax cut took effect on Tuesday. The Democrats have now started the legal process to stop this executive order. The Democrats are saying that President Trump is trying to boost his re-election chance by giving the illusion of a payroll tax cut, when in reality, this is only a short-term loan because it needs to be repaid.

The Government Accountability Office will review the Democrats request to stop this executive order by September 22nd. The Republicans response is that the Democrats are trying to obstruct justice.

For President Trump’s executive order on the Federal Unemployment Payment:

  • 45 states have received funding approval by FEMA.
  • Of those 45 states, seven states have already started issuing payments.
  • California will begin issuing these payments on Monday, September 7th.
  • California will issue the payments in two phases.
  • New York, Florida, and Illinois have not established a timeline on when payments will go out.

For the 5 states that do not have funding approval, here’s what’s going on:

  • Kansas will be applying.
  • Nevada began the application process on August 25th.
  • New Jersey applied last week.
  • Nebraska is still deciding whether or not they should apply.
  • South Dakota chose not to apply.

The unemployment payment will be $300 a week if your state does not chip-in the extra $100 a week. The states that plan on chipping in the extra $100 so that you’ll get $400 a week in total include: Kansas, Kentucky, Montana, Vermont, and West Virginia.

August Jobs Report

The US Jobs Report for August was released this morning. The unemployment rate is now 8.4%. This has improved from 10.2% in July. The US added 1.4 million jobs in August. However, the rate of jobs being added is declining.

Details

  • In June, 4.8 million jobs were added.
  • In July, 1.7 million jobs were added.
  • in August, it was 1.4 million.
  • Of the 1.4 million jobs added in August, 238,000 of those jobs were temporary jobs to help out with the census. They will all be laid off after the census is complete.

It’s good to see improvement, however, we still have 11.5 million fewer jobs than we did in February and there are approximately 28 million Americans on unemployment benefits.

Political News

The Presidential Elections are in 60 days. The polls show that it’s going to be a close one so please make sure you vote. To give you a crash course on the elections, a candidate must receive at least 270 electoral votes out of the total 538. There are Red states, which are Republican states. There are Blue states, which are Democratic states. And there are swing states that can go either way and they play a major role in deciding the election.

The Four Key Swing States are:

  • Florida for 29 electoral votes.
  • Michigan for 16 electoral votes.
  • Pennsylvania for 20 electoral votes.
  • And Wisconsin for 10 electoral votes.

Each of these four states voted Democrat in 2008 and 2012 and then voted Republican in 2016. Therefore, these four states all voted for the party that won the White House in the past three elections. If history repeats, how Florida, Michigan, Pennsylvania, and Wisconsin vote this year will determine who wins the Presidency.

Other battleground states include Arizona, Georgia, Iowa, Minnesota, North Carolina, and Ohio.

The voter turnout is projected to be record breaking. Please be sure to vote, especially if you are in these battleground states. For more information about the battleground states and the Presidential Election you can click the button below:

Battleground States

For more information about how to mail-in vote click the button below:

Vote By Mail

Covid-19 News

According to the World Health Organization, there are 142 vaccine candidates for Covid-19 and 34 vaccines are now in human trials. The World Health Organization predicts that we won’t have vaccinations available on a large scale until mid 2021. The United States reported 36,506 new Covid-19 cases and 1,070 fatalities on Thursday according to the John Hopkins University.

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