Biden today is going to announce his new stimulus plan, we’re expecting this to be a massive stimulus package in the neighborhood of $2 trillion to $3 trillion. One of the things that is very interesting is that it really aligns with what Joe Biden said that “the $900 billion package was just a quick initial down payment” and it was a down payment on 2 to $3 trillion plan.

We are expecting the $2000 stimulus checks, we do already know this Marco Rubio tried to take credit for this yesterday by encouraging this to be the first thing Joe Biden does. We already know that Joe Biden is planning on doing this we are already expecting $1400 boost on top of the $600 equals $2000.

Rumor amongst a Capitol Hill reporters that there will be a child tax credit possibly a $3600 per year, per child under six $3000 per child between six and seventeen the goal being to limit child poverty, I do expect though that there will be some form of income limitations for this so that way families making $300,000 to $500,000 a year with six children aren’t getting massive credits, because again the goal is to limit child poverty while not spending to oblivion, although a lot of people already expecting that this package will be spending to oblivion.

unemployment we got some competing arguments here but it seems like Biden is leaning towards three to $400 per week through September for unemployment probably no retroactive pay since we’ve already got unemployment pay going now so nothing looking back in the 2020 are we got pay going now through the beginning or middle of March we expect that this will just be an extension from then all the way to actually through September.

September 30 which is when the government works on passing a new government budget anyway that’s when the fiscal year ends so that could line up with how they want to spend money all the way through the end of September, it will be less than Ron Wyden’s push of trying to get $600 per week Joe Biden is definitely going to go under 600 but there’s a good shot it sounds like they’re just gonna go with $300-$400 with an encouragement for automatic triggers.

More updates soon to come. 2021 sure is starting to be a good year stocks up crypto green and the socialist party making moves.

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