Quote:
Originally Posted by SunnySide
But Democrats, while saying they aren't opposed to more small-business money, want it to be paired with an additional $100 billion for hospitals, $150 billion for state and local governments and a boost in food assistance funding.
"Small businesses, hospitals, frontline workers and state and local governments across the country are struggling to keep up with this national crisis. They need more help from the federal government and they need it fast. ... While the Trump Administration struggles to figure out how to distribute the funds provided for in the CARES Act, it’s clear that those appropriated amounts will not be enough to cover the tremendous need," Schumer and Pelosi said on Monday.
Democrats also want to make changes to the PPP, ensuring that half of the new $250 billion in funding goes through "community-based financial institutions that serve farmers, family, women, minority and veteran-owned small businesses." Democrats have raised concerns that the current setup of the program favors larger businesses with existing connections to a lender.
“Further changes must also be made to the SBA’s [Small Business Administration] assistance initiative, as many eligible small businesses continue to be excluded from the Paycheck Protection Program by big banks with significant lending capacity," Pelosi and Schumer said, while agreeing that more money for the program is needed to "satisfy the hundreds of billions in oversubscribed demand."
https://thehill.com/homenews/house/4...oronavirus-aid
I would suggest both parties actually try to come up with bi-partisan legislation before demanding a vote.
Instead of what we have now, a party drafts a proposal without the other side's input, then tries to score cheap political points when the other party balks at not immediately voting for it. |
As someone who works in the space, this is a fucking lie. Not just a lie, a fucking lie. Im watching the money flow through KYC AML...and that's a lie. They using the typical race baiting bullshit they are known for.
I thought the original bill was fine negotiate a big bill... not this, not this at all. Its horseshit by Pelosi, pure political horseshit.