Fast Facts for April 7, 2021
25 million EIP3 — stimulus payments are being issued – today!
The IRS just made that announcement bringing the total to 156 million stimulus payments since the American rescue act was signed into law last month.
Again – this is not a new stimulus payment, this money is going to people who have not received EIP3.
The payments started processing on April 2 so you may have seen it pending in your bank account… but the actual pay date is today, April 7.
This largest block of payments went to those on some sort of social security benefit, SSI, SSDI etc.
More than one million “plus up” payments were also included in this batch. If you don’t know what a “plus up” payment is – please go watch this video. The IRS says these “plus up payments will continue on a weekly basis as 2020 taxes are processed.
The majority of this batch of EIP3 stimulus payments were direct deposits and about a million were sent in the form of a check.
I also got some news about VA beneficiaries – the IRS says your EIP3 payments should be issued by April 14.
PLUS
We are expecting President Biden to unveil several executive orders on guns tomorrow.
Those orders may include:
- A requirement for those who buy so-called “ghost guns” to get a background check. A “ghost gun” is defined as a homemade or make shift firearm that does not have a serial number.
Other executive orders on guns are expected to be announced along with that one.
Keep in mind – executive orders are only enforceable by a president and can be solidified but also overturned by the next president. EOs are no substitute for legislation passed through congress. Speaking of that — the house has passed two bills do several things including:
expanding federal gun background checks on all firearm sales and gun transfers including – between private parties
And
Extending the background check review period from three days to a minimum of 10 business days closing the so called “Charleston loophole” which currently allows a gun sale to proceed of the background check isn’t completed in three days. These bills still require passage in the senate and could come up for debate this month.
There is nothing in either of the two bills passed by the house that calls for the confiscation of any guns or that prevents someone legally allowed to purchase a gun from doing so.
HR8 extend the background check requirements to almost all gun transfers, including those between private parties. With several exceptions including gifts between family members
HR1446: increase the window to conduct a background check to a minimum of 10 business days. If the background check still remains incomplete after 10 days, the purchaser can submit a petition for a final determination. If another 10 days pass without a decision, the firearms can then be transferred to the prospective purchaser.
More than 100 democrat lawmakers wrote a letter to the president, in the wake of the boulder Colorado shooting, asking him to take some form of executive action to regulate concealable assault-style rifles through the authority of the national firearms act of 1934.
Read the full letter here.
