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Stimulus Who?

A great explanation on this issue.

By Elizabeth HavensPublished 3 years ago 3 min read
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Stimulus Who?
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Stimulus’s are needed right now in our country.But rumors are being spread that they have no idea when the next one will be. Democrats and Republicans are saying this saying that I’m saying everything is wrong.Donald Trump, our president during this dark time has made it easier. Pelosi refused to rule out the chances of reaching an agreement before the election.

“I will never give up hope,” Pelosi said with confidence.. “I’m optimistic. We put pen to paper and had been writing the bill, based on what we hope will be the outcome, what they said they would get back to us on.” Which tells me that haven’t came to an agreement with this stimulus check. People are needing it badly because half of the United States is unemployed. Not fun when you have to feed and pay bills.

Right now, it's all a game of wait and see, but we can bring you up to speed on everything you need to know for the moment about stimulus payments, including where negotiations stand now, how you could qualify for money money the second time around and who the IRS might actually owe a catch-up payment, which was commented by CNN. Over several thousand people need this money now, not next year.

Also on CNN news, they mentioned about the final details on the stimulus bill may not be ironed out in time to pass by Nov. 3, but House Democrats are anxious to draw the negotiations to a close. Everyone is going Berserk. But that isn’t giving us any lead way either. If you are a lucky few that get Emergency food stamps.

And CNN says this in Press release, “The final details on the stimulus bill may not be ironed out in time to pass by Nov. 3, but House Democrats are anxious to draw the negotiations to a close.” But they still haven’t given anyone a straight answer as of yet. From rumors being mentioned that the Democrats and the Republicans are not agreeing to anything at all and this is sort of an excuse.

And as quoted by CNN;

“ It also explains how you might still be able to get some stimulus money, even if your family's yearly income exceeds the limit set out by the CARES Actin March. The calculations start with your household's total adjusted gross income, add on the money allotted to qualifying dependents, and then start deducting from the total, based on your income bracket.” All of this and more is coming from the cares act.

You can calculate how much you could get in a stimulus check now, as well as for a second check. Some people never seen their first check from the irs too.

The study found that of the 89% who reported receiving a stimulus check ($2,400 median total):

• 29% spent the stimulus money (on essentials, nonessentials and donations).

• 36.4% saved their stimulus money.

• 34.5% used it to pay down debt.

The people that owe back child support will have some of their stimulus check but not all of it. According to the IRS that child support issues with money will be took from the person stimulus check.

In conclusion, we don’t know when we will get the other stimulus check but it would be nice if everyone would get along and the Republicans and the Democrats need to get along. And further more conclusion, it will probably be In January when we see these checks as well. Nobody knows and the American citizen doesn’t know either. As all of us are needed it but the government really doesn’t care.

finance
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