NEW $6 Trillion Budget | Fourth Stimulus Check Update | IRS Check ISSUES? | Daily News

Will There be a fourth stimulus check or is the 4th stimulus check dead on arrival?
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President Biden has told congress to decided on whether to included a fourth stimulus check in the build back better plan or the American families plan. Today the white house leaked the 2022 budget for President Biden. He wants to spend over $6 trillion next year which is $3 trillion higher than that the IRS and Federal Government collect now. $1.5 trillion would go the the pentagon. Between this year and next year Democrats hope to spend between $10 trillion and $12 trillion. Economists say this can only happen by raising taxes on everyonce since 80% of IRS revenue comes from people, not businesses. Janet Yellen, Treasury Secretary tried to get other nations to agree to a higher corporate tax rate in order to justify raising taxes in the United States. However, Ireland said no on day one and that they will keep their 12.5% corporate tax rate and welcome all US based business to their borders. A 4th stimulus check would only cost between $150 to $300 billion which is a far cry from $4 to $10 billion.

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Important topics Stephen covers from the news:
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– Student Loan Forgiveness
– IRS stimulus checks
– 4th & 5th Stimulus Check Update
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– President Biden’s Build Back Better Infrastructure Bill
– President Biden’s American Families Plan
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