PODCAST: Breaking News! Paycheck Protection Program, Covid Stimulus Package Details. | Tim and Julie

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 21 December 2020

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Key Highlights Nearly $900B bipartisan breakthrough after months of bickering“…far from perfect, but it will deliver emergency relief to a nation in the throes of a genuine emergency”Summary of what known so far It’s taken months and months, along with much suffering, to come to some sort of bipartisan agreement on a second COVID relief package but it’s here. This package totals nearly $900B to include $600 direct payments to qualifying Americans, a $300 boost in unemployment benefits and funding for small business aid and vaccine distribution. Get your free 2021 Fill In The Blank Business Plan Now. Simply TEXT 2021 to 855-685-1045. This relief package is only the second major legislation in response to the COVID pandemic since March when the $2T CARES Act was passed. There are some glaring omissions within this package that lawmakers had to remove in order to achieve this compromise measure…sizable aid to cash-strapped state and local governments and a sweeping liability shield to protect businesses from COVID-related lawsuits. Additionally, Republicans had to vastly scale back demands that would have prevented the chair of the Federal Reserve from establishing similar CARES Act-like facilities to appropriate aid. Here’s what we know about this legislation at this point in time: Direct stimulus payments of $600 to adults earning up to $75,000Revived lapsed supplemental federal unemployment benefits at $300/week for 11 weeksContinue and expand federal payments (unspecified) for gig workers and freelancers and extend payments to workers whose benefits have expiredMore than $284B for businessesRevival of Paycheck Protection Program and expand its eligibility to include nonprofits, local

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio, starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:21.2	Real Estate Coaching Radio is the nation's number one daily radio show for realtors
0:25.9	who demand authentic real-time coaching.
0:29.1	Get ready for fluff-free, unfiltered, full-strength honesty about what's truly working
0:34.0	to get you into action, helping others others and making money now in today's real
0:38.6	estate market now to our hosts tim and julie harris three two one and we're back it is
0:48.3	december the 21st four days before christmas um and we have some breaking news for all of you
0:53.9	and this is something that
0:55.6	we originally were telling you guys about back in March, in February timeframe when the COVID
1:00.8	relief packages were coming out. And we did everything in our power to get as many of you who
1:05.9	would listen to seriously consider taking advantage of a PPP loan. And there are some other
1:10.4	programs available through the SB as well.
1:12.5	We have that information on our website and all that information saved.
1:17.2	I think a lot of you saved your businesses, quite frankly.
1:20.3	A lot of you wouldn't have stayed in business because you weren't financially prepared for
1:23.9	essentially closing down the economy that happened after that.
1:26.6	Now, of course, we know that the
1:28.2	housing market in particular came roaring back, but here we are today. And I'm really so grateful that so many
1:35.2	of you were able to take advantage of the various government programs. And I think it's one of those
1:40.4	things that will go into our own personal business history is one of our proudest moments being able to help so many of you.
1:46.0	And all the emails and all the texts and all the just different ways that all of you have
1:50.6	shown gratitude who are listening to us back when the COVID pandemic started and when these
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