by Summary:
Wow: Democrats are considering proposing a new round of direct cash payments to U.S. households and extending a similar benefit to the smallest businesses, as they struggle to get federal loans. Wyden, the top Democrat on the Senate Finance Committee, wants to extend those cash payments to what he calls “the smallest of the small businesses.” Wyden’s plan, and a similar proposal in the House, would give small businesses up to ,000 as they struggle with closures and drop-offs in economic activity. Those payments would be limited to companies with million or less in revenue and up to 50 employees. The payment would be capped at 30% of the business’s gross receipts. Nice....moving away from policy of "loans!"... which is btw FAILING... Democrats shrewdly getting around the
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Wow: Democrats are considering proposing a new round of direct cash payments to U.S. households and extending a similar benefit to the smallest businesses, as they struggle to get federal loans. Wyden, the top Democrat on the Senate Finance Committee, wants to extend those cash payments to what he calls “the smallest of the small businesses.” Wyden’s plan, and a similar proposal in the House, would give small businesses up to ,000 as they struggle with closures and drop-offs in economic activity. Those payments would be limited to companies with million or less in revenue and up to 50 employees. The payment would be capped at 30% of the business’s gross receipts. Nice....moving away from policy of "loans!"... which is btw FAILING... Democrats shrewdly getting around the
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Wow:
Democrats are considering proposing a new round of direct cash payments to U.S. households and extending a similar benefit to the smallest businesses, as they struggle to get federal loans.
Wyden, the top Democrat on the Senate Finance Committee, wants to extend those cash payments to what he calls “the smallest of the small businesses.”
Wyden’s plan, and a similar proposal in the House, would give small businesses up to $75,000 as they struggle with closures and drop-offs in economic activity. Those payments would be limited to companies with $1 million or less in revenue and up to 50 employees. The payment would be capped at 30% of the business’s gross receipts.
Nice....moving away from policy of "loans!"... which is btw FAILING... Democrats shrewdly getting around the GOP small business right flank ... Trump better go for this one instead....
Democrats are considering proposing a new round of direct cash payments to U.S. households and extending a similar benefit to the smallest businesses https://t.co/1OlP8eOG4Q— Bloomberg Economics (@economics) April 25, 2020
Although incompetent government financial institutions can't even get direct transfers done in a timely manner; there is still most of existing fiscal support that has not been transferred:
Mail to the IRS is piling up in trailers because its buildings are shut and post offices lack space; taxpayers are still waiting for needed funds to arrive https://t.co/xfLmbCvIjK— Real Time Economics (@WSJecon) April 25, 2020
Real crisis as usual identifying the incompetence of the government institutions... making the case for more privatization...