 $1,000 or $1,200? I don't know. What's up Money Geeks, Mr. V here. Welcome to another video guys. So into this video, it's kind of an update to a video that I did maybe four or five days ago about the relief package that the Senate was working on to help Americans during this crisis. So in that video, we had talked about the Senate or the Congress voting to give each American that was eligible $1,000 relief fund. So a lot has happened over the last couple of days as far as that bill and now they have made some adjustment and an update to that number. So it's gone from $1,000 now to $1,200. That's the new number and it's looking more and more like that's the number that's going to pass through the Senate. So let's jump and actually read all the provisions that are actually included in that bill and trust me, you're going to be shocked. It's a $2 trillion package broken down into different areas. But most importantly is the fact that they're trying to give Americans $1,200 relief fund right now just because of what's going on. So let's go onto the computer here and actually go through and check out what the provision says. Right, so here we go guys. As you can see, it just says here that it's a $1,200 cash assistant to the massive coronavirus bill. So let's just go down here and read the key items that are included in the portion of this bill. So number one that I want to really highlight to you guys is the fact that they've actually moved that number from $1,000. It's now they're going to do about $1,200 for each American. So if you're single, you get about $1,200. If you're married with kids, you get $2,400 and they're with $500 for each eligible child. And I don't understand what they mean by the child is eligible or not. So if it's your kid, it's your kid. I don't understand that piece, but let's just continue to read here. And so look at the limitation. Say if you are available for all U.S. So this is available for all U.S. residents with an income of up to $75,000. So including those with no income or who depends on social security, which is this is really, really good because I've gotten a lot of questions. So if you have no income or you are on social security, you would get the $1,200 bills. And again, like I said, up to $75,000 in income. And so the part I don't get here is if there's $75,000, it's individual or if it's combined, if you're married and you guys make over $75,000, does that mean your family doesn't get the money? So that's something that I need to probably find out more information about on this bill. So tax credit for small businesses. So again, some small businesses, they're not giving it to all. And I don't know the criteria. So 50%, so right here. Tax credit for some small businesses for 50% of wages paid to employees during the coronavirus crisis. So basically, small businesses are gonna be helped out here, which is good because a lot of small businesses actually losing money right now because they are not open. They can't do anything. They can't really function. Okay, and then let's continue to read here. So right here, let's see. They're talking about boosting Medicare payments, which is good. This expands telehealth access, that's good. Kind of like that. And then a Lyft Medicare requester. So I mean, all these are stuff that's good. So let's look at here. So even 1.3 billion in additional funding for community health centers. That's good. So trying to make sure that they have all the necessary things like the bed and ventilators that they would need for this. Allow federal testing rules to be waived for K-12 students. Okay, I don't really know why they would waive the rule, I guess. Because parents have to actually approve before their kids could be tested. So I guess in this case, K-12, they're actually saying, hey, all kids could just be tested without any approver from your parents. I think that's what's saying. But again, that's just my interpretation of it. And then let's go down here. Again, it's $2 trillion emergency package. So let's read all the other provisions that are included. Because everything that was set up here, I don't think that amounts to $2 trillion. So let's see, $150 billion for hospitals and medical centers to handle a surging caseload. That makes sense, $25 billion for food stamps. That makes sense, $10.5 billion for the Department of Defense. I mean, that makes sense. Gonna break it down into $1.4 billion for deployment of National Guard, $1 billion for the Defense Production Act to help fast track production of needed medical supplies, I get it. $5 billion is provided for the Community Development Block Grant. I don't really know what that is, but it looks like it's important. If they're giving $5 billion to wait, it certainly is important. $45 billion for FEMA, that makes sense. $11 billion for vaccine therapies and diagnostics. So basically, try to get the necessary vaccine or treatment or whatever that people would need, that makes sense. $400 million to help states as they prepare for election amid the virus crisis. I don't know why they need $400 billion, excuse me, it doesn't make any sense. I know the state already had money. $45 billion in disaster fund relief for the immediate need of states again. So you're giving them $45 billion in disaster to the state and they're giving them $400 million again for preparing for the election. I mean, I don't quite get that, but the government does what the government does, is spend money. So $3 billion to help a more than $4.5 million low income household in HUD-assisted housing to avoid eviction. Okay, and so I'm thinking, so if you are giving $3 billion to help people in low income, and then up here, we just said they're giving each individual $1,200. So you're gonna give them $1,200 and then go down here and still give them, still provide $3 billion to help them. Again, I'm not really sure what's going on here as far as how this money is being spent. So and then $350 billion worth of loan to small businesses, which is good. So you're giving small businesses a loan down here, $350 billion. And then up here, they said they were gonna give small businesses a tax credit for some small businesses for 50% of wages paid to employees during the coronavirus crisis. So again, some nuanced data that I don't quite understand. But you get the point, the government is really in the business of spending money. So, and they're gonna do it. $562 million for the Small Business Administration Disaster Loan. This one, I don't get. You're giving small businesses loans here, $350 billion. And then down here, you're giving them $562 million again going to a small business. So I don't know, why didn't you just combine the two? And then finally, $10 billion to be dispersed to airports by the Federal Aviation Administration. $10 billion to be dispersed to airports. I know that a lot of airport workers kind of jobless right now because nothing is working, all planes are not flying as they're supposed to. So most people are laid off. So if this money is going towards helping them, that makes sense. But already, we're giving them $200 or $2,400 here to those families. So I'm not really sure about the nuances of this bill. They're giving $25 billion for local bus and rail systems and another $1 billion to help and track upset losses. So again, a lot of this stuff is putting money out there. And then if you take that, you're just giving people $1200. So I'm thinking, which one is more important? Give people more money so they can afford food and just shelter and stuff like that. Or you worry about if Amtrak loses money or not. I'm not really sure. So this part of the bill, I have no idea where they're putting it. So there you go, guys. So as where we stand right now, that number again, like I said, has moved from $1,000 that I initially did a video about to $1,200. For most people, this is good. And some of the key things that stand out to me, just here's my recap. Most importantly, the fact that they're giving the money to people that need it. I don't understand the provision where they're limiting the amount to $75,000 a year in income. So if you make $76,000, it means you don't really qualify. And I'm thinking somebody that makes $75,000 and someone that makes $76, technically there's not really any difference between that amount. But one person qualifies and the other doesn't qualify. So I know they had to put kind of like a line somewhere as to who gets it and who doesn't. But just picking a number, $75,000, I'm not sure if that's the best number that they could have picked. If you want to give money to all Americans, give it to all Americans. If you want to give it to people that are in really, really bad situations, give it to them irrespective of their income. So that to me, that's the way I would probably approach it. But hey, that's me. The government does what the government does and they're going to keep doing it. So there you go guys. That is an update to the video again. Like I said that I did three days ago that the government at that point, they were talking about giving $1,000. But now they're talking about giving $1,200 to each American. So definitely let me know in the comment section. What do you think about this whole provision? Giving money to individuals to kind of help them? Do you think it's a good idea or do you think this is so stupid? You're probably saying like, Mr. V, Mr. V, people need this money so bad. Or Mr. V, this is a really bad idea. This is not good for the economy. It's going to inflate the economy and we'll probably see some sort of a great depression after this money gets pumped into the economy. Let me know in the comment section. And as always guys, if you haven't already subscribed to the channel, definitely go ahead and hit that subscribe button and the notification bell because YouTube keeps telling me that 95% of you guys watching haven't already subscribed to my channel. Please hit that subscribe button. And as always guys, stay motivated.