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Did the stimulus work? A new video answers that question by looking at three broad, but important, indicators for the American economy. All three were in bad shape before the stimulus began, and all three turned around at almost exactly the moment the stimulus started. Coincidence?
Learn more at http://www.americanprogress.org
Tax season has officially begun and many have questions about claiming a stimulus check as part of their IRS refund. Trudy Howard of Howard Tax Prep LLC offers tips on getting your refund.
Full story: https://abc7chicago.com/irs-get-my-payment-tax-refund-stimulus-checks-stimlus-status/11525425/
In which Jacob and Adriene teach you about the evils of fiscal policy and stimulus. Well, maybe the policies aren’t evil, but there is an evil lair involved. In this episode we learn how government use taxes and spending influence the economy. Sometimes the government gives, and sometimes it takes. And the giving and the taking can have a profound effect on how economies behave.
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On March 11, 2021 the president signed the American Rescue Plan into law, providing a new round of stimulus checks to millions of Americans. That’s an example of fiscal stimulus, not monetary stimulus. Monetary and fiscal policy sound similar, and they are both ways the government can influence the economy. Monetary policy involves the money supply and interest rates, while fiscal policy focuses on taxation and government spending. When there’s an economic slowdown, they typically take the form of stimulus plans like the CARES Act (fiscal stimulus) or quantitative easing (monetary stimulus). Understanding how fiscal and monetary policy are similar and how they differ can help you better understand how government stimulus could affect your portfolio.
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#stimulus #stimulusbill #stimuluschecks Video Rating: / 5
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Inarguably, it’s pretty bad right now.
Businesses are closing, unemployment is rising, and people are scared for their health.
Fortunately, governments are coming to the rescue with a swath of economic bailouts, stimulus checks, and hardship support.
And since we’re living through an event that will shape economic policy for generations to come, it’s an ideal time to explore what economic responses we want to replicate in the future, as well as which government policies have completely fumbled the economic response of 2020.
By doing this, we should be able to analyze the efficiency of government spending for the purposes of creating a strong economy.
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📚 Want to learn more about the economics of stimulus packages? We recommend reading “The Courage to Act: A Memoir of a Crisis and Its Aftermath”, by Ben Bernanke
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#Stimulus #Bailout #Economics
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The government sent out an unprecedented amount of money to help Americans deal with the Covid-19 pandemic. It is easy to tell if you received a payment, but it can be complicated to understand the finer details of the policy. Watch this video to learn about what the checks mean for your future tax refunds, who may have to repay the money and to see if you will be eligible for a potential second round of stimulus. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
The IRS and Treasury Department issued more than 0 billion in stimulus payments to Americans at the start of the Covid-19 shutdown.
The checks were meant to give immediate relief directly to people and help boost the economy in the process, but the finer details of the program may be lost on some who received the payments.
One example is that the payments are technically considered a tax credit, but they will not affect your future tax returns, according to Garrett Watson, a senior policy analyst at the Tax Foundation. Some people were under the impression the checks were part of their tax refund.
The technicality helps the IRS and the Treasury Department issue payments with an existing system and calling the checks a credit streamlined the process, Watson said.
Check out this video to learn more about how the stimulus checks work and to see what we know about eligibility requirements for the potential second round of payments being debated in Congress.
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America has spent trillions of dollars on stimulus packages to prop up its economy in the face of the covid-19 pandemic. But is it working—and what will the long-term effects be? Our experts answer your questions.
Question timecodes:
00:00 Introduction to US economic stimulus
00:44 Where does the stimulus money come from?
01:43 Will the funds actually reach the people who need it most?
03:00 How does the American economic stimulus compare to other countries globally?
04:08 Has the increased unemployment benefit disincentivised people from going back to work?
05:08 How will America’s economic stimulus impact inflation?
06:24 Should Americans be concerned that the stimulus will put the government in debt?
08:28 Can the positive effects of the covid-19 stimulus on the US economy be shown?
09:23 Is America becoming more socialist by handing out this stimulus?
Further reading:
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/2CQRUr2
Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3l79OHi
Find The Economist’s most recent coverage of the US presidential election here: https://econ.st/2CM2oYz
Sign up to The Economist’s weekly “Checks and Balance” newsletter to keep up to date with our coverage of American politics: https://econ.st/3l5C4dl
Read about how universal basic income is gaining momentum in America: https://econ.st/2QakJSe
What Wall Street’s results tell you about America’s economy: https://econ.st/3aLIycL
Read about how the postal service has become vital to America’s elections: https://econ.st/2YpjSlj
How Donald Trump polarised postal voting: https://econ.st/3l6FOv5
Democrats set factionalism aside for the big push against Donald Trump: https://econ.st/31iSPK0 Video Rating: / 5