Second Stimulus Checks Update | Senate SHOOTS DOWN Skinny Bill (stimulus check) Welcome back to your second stimulus check update for September 10, 2020. 0:00 Intro 0:20 Senate Republican Skinny Bill 1:45 Maybe why the skinny bill didn't pass 2:37 The IRS sends letters 3:20 Who got the stimulus checks? 4:05 President Trump unemployment In Today's vote in the Senate on Capital Hill, the Republican skinny bill has been shot down with a 52-47 vote towards the skinny bill. Only one Republican voted against the skinny bill. Even if the $500 Billion skinny bill passed the Senate, it would then have to go to the House, which is controlled by the Democrats. This skinny bill was a long shot for Senate Republicans. The reason why Democrats are opposing the Republican Skinny Bill, is because of the liability protection provision and tax credit for home schools. So right now, there is close to no chance for another skinny bill or stimulus bill altogether. And between the HEALS Act and the CARES Act, there is about a trillion dollar difference. And on the flip-side, Republicans do NOT want funding for states, that's why it was left out of the Senate Republicans skinny bill. President Trump contributes the lack of vote passing on the skinny bill, will make him look better. Secondly, the IRS sends letters out to 9 million people asking them to file their 2019 taxes in order for them to claim their stimulus checks. So it's possible that 9 million people did NOT file their taxes therefore did no receive a stimulus check. According to the IRS, about 160 million taxpayer's received a stimulus check. In other news, Austrian citizens received American stimulus checks, 45 stimulus checks to be exact. At this point, I don't trust the us government to do anything, especially when it comes to money. Lastly, President Trump wants to reallocate funding to keep unemployment going once the FEMA fund dries up. President Trump expressed that he is willing to utilize more executive powers to reallocate funds towards unemployment. We are getting very close to the max allotment of funds from the FEMA disaster relief fund. So President Trump is attempting to find ways to find more funding for unemployment before unemployment expires. So with the shoot down of the Republican skinny bill, will we see another stimulus package? Only time will tell, it is an election year and beginning of the fiscal year, time will tell. 😃 Thanks for Subscribing & Liking our Video! The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom) 📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/thekwakbrothers ⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com 📊 Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c 💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: https://www.facebook.com/groups/bestreigroup 📡 PROTECT YOUR ONLINE DATA AND ACTIVITY WHILE CLOSING DEALS AND GENERATING NEW LEADS WITH NORDVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=40858 🔊 Our Podcast Channels: 📻First Deal Experience: 🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B 🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923 📻Property Management Automated: 🔹Spotify: https://open.spotify.com/show/1LTAeRg2ZAT1ATI1mdtWM0 🔹iTunes: https://podcasts.apple.com/us/podcast/landlording-automated-podcast/id1504548975 GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com #realestateinvesting #thekwakbrothers #realestate ======================== ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.