April 19, 2020 Original publish date.
UPDATE April 24, 2020, 7:43 AM EST. Reflects House passes Senate Bill on April 23rd.
written by Net Advisor™
WASHINGTON, DC. Democrats BLOCKED aid again to small U.S. Business and employees affected by the Coronavirus shutdown.
Previously, $250 Billion was extended to small business in the form of forgivable loans if the money was used to support keeping the business alive and furloughed employees paid. The program is called the Paycheck Protection Program (PPP)(Gov website).
House Democrats wanted to double the cost of this bill by adding another $250 Billion for state and local governments, including expanding unemployment.
Last month Congress passed the CaresAct which already provided over $2 Trillion, included money for state, local governments and expanded unemployment. The money set aside for small business and their employees have already ran out as millions more people are now out of work.
House Speaker Nancy Pelosi (D-CA) defended the small business aid block by throwing in a straw-man argument.
She said women and minority-owned small businesses should have the same ability to get PPP funds. The false logic here that Pelosi failed to state is that the PPP is available to ALL U.S. small business. The program passed by Congress, does not discriminate against gender or race.
Pelosi just invented the false argument to create the illusion that minorities and women are somehow exempt from public funds.
Instead of addressing the current unemployment problems related to the Coronavirus, the House Speaker was criticized for showing off her $12 per pint of Jenny’s Ice Cream in her twin Wolf sub-zero “$24,000” refrigerator-freezers.
We all have found our ways to keep our spirits up during these trying times. Mine just happens to fill up my freezer. #LateLateShow pic.twitter.com/dqA32d5lU1
— Nancy Pelosi (@SpeakerPelosi) April 14, 2020
Small business employs over 58 million people in the United States or 47.5% of the entire U.S. workforce. Some 22 million people have applied for unemployment over the last month due to Coronavirus business cutbacks and shutdowns.
The Bill to assist millions of out-of-work Americans in small business has since been stalled until at least May 4th.
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UPDATE: Four days after our report, and some communication to those who have been dragging their feet or eating ice cream instead of working, the Democrat-controlled House passed the GOP Senate Bill April 23, 2020.
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