State employees are working so hard—but our existing systems are crashing & insufficient to provide immediate relief at the scale of this crisis. We MUST STOP mass unemployment & get help to ppl immediately.
My Paycheck Guarantee Act would do just that. seattletimes.com/seattle-news/s…
22 MILLION people have filed unemployment claims in last month alone.
PPP program is right principle of trying to keep people on payroll; but inefficient, run thru banks when so many have no banking relationship & banks don’t prioritize smaller biz.
We CAN do better & we must.
We have top economists, former Fed Chair, businesses & many more telling us we have to be more expansive & streamlined in getting $$ to people immediately. More our economy goes into downward spiral, more difficult it is to recover. We need bigger, bolder ways to deliver relief.
My #PaycheckGuaranteeAct is streamlined & simple:
3-month grant to protect paychecks, benefits (inclu healthcare) & maintenance costs for biz/nonprofit/numicipalities of all sizes who have revenue loss.
No intermediaries. Direct from Treasury/IRS & payroll processors to biz.
Repeat after me:
Mass unemployment is a policy choice. We can choose differently.
Mass unemployment is a policy choice. We can choose differently.
Mass unemployment is a policy choice. We can choose differently.
#PaycheckGuaranteeAct
Pass it now. Deliver real relief now.
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