Early Saturday morning I voted against legislation we had no time to debate, amend, or even read. That bill was badly flawed. It purports to help people by putting a massive mandate on small & medium sized businesses while perpetuating the K-Street... #BeatCoronaVirus (1/16)
...Corporate welfare cronyism Americans are sick of – exempting businesses over 500. Worse yet, the mandate was to be paid LATER through tax credits, and the tax credits would not cover it all! This was a terrible mistake, and the Senate... (2/16)
...(or the House, in its “technical corrections” it is hurrying to the floor to clean up its mess) ought to correct it. Small business owners have reached out to me to ask what we can do to help stop this so they won’t be hurt. In short, it does no good to mandate... (3/16)
...“paid leave” from a job that doesn’t exist because the business went under.
To solve that problem, I suggest – & would have on Friday, had we had any chance to amend – offering very expansive and immediate small business loans, & other measures to keep businesses... (4/16)
To solve that problem, I suggest – & would have on Friday, had we had any chance to amend – offering very expansive and immediate small business loans, & other measures to keep businesses... (4/16)
...afloat through the negative impacts of government calls to stay home. Due to the action and recommendation of government leaders of all levels, we are facing massive slowdown for restaurants, retail, the arts, travel, hotels, and more. It is fully and wholly... (5/16)
...unsustainable for most. Therefore, we have a duty to find ways to inject capital and help them stay afloat – and tie any temporary sick leave requirement to the choice of the business to take the loan rather than through the force of penalty.
We should get busy... (6/16)
We should get busy... (6/16)
...using tax relief – be it with deferring tax filing or quarterly payments, payroll taxes, or otherwise – to provide immediately relief. And for the unfortunate folks who, starting this week, are likely getting laid off due directly to government action, particularly... (7/16)
...in the service industry – we are going to have to find ways besides taxes to provide additional relief. It’s not clear the Unemployment Insurance relief in the House bill will sufficiently or effectively deal with the magnitude of the impact on service industry workers. (8/16)
Our goals should be simple – 1) ensure we get on top of testing, supply chain problems, & our ability to respond to the virus nationwide, 2) ensure ample liquidity and capital for businesses being hammered by both the virus &, much more, our response to it to survive... (9/16)
...& 3) ensure relief for American citizens also getting hammered because, frankly, they will be laid off due directly to government calls for folks to sequester themselves.
To be clear – our biggest imperative is that we get through this quickly and keep businesses... (10/16)
To be clear – our biggest imperative is that we get through this quickly and keep businesses... (10/16)
...going – through a multi-faceted approach. Besides loans for liquidity… it’s important that we encourage creative thinking in both commerce and charity – for example, encouraging Americans to buy gift cards for food, offering double or triple tipping, &/or encourage... (11/16)
...modified approaches to “eating out” by ramping up more delivery and pick up options. It’s already happening in the private sector, but we should find ways to expand it and encourage it through de-regulation such as what Governor Abbott is already doing in Texas... (12/16)
...(e.g. transportation & trucking), or perhaps empty hotels can be used to deal with some of our possible healthcare needs. We should encourage a mix of government support combined with charity – perhaps a service workers relief fund – to support those losing work... (13/16)
... (in part of full), or having to care for children or loved ones.
We are facing an historic challenge, and we will adapt and rise to it. But it will not be without significant hardship. Government can and should act – but it cannot do so with the recklessness... (14/16)
We are facing an historic challenge, and we will adapt and rise to it. But it will not be without significant hardship. Government can and should act – but it cannot do so with the recklessness... (14/16)
...that Pelosi & Mnuchin did late last week by rushing the legislation to a vote. It harms Americans more than helps by picking winners & losers and turning legislation being sold as “help” to Americans into crony corporate welfare. Rather, we need to act decisively... (15/16)
...& swiftly to get our healthcare solution while keeping the wheels of commerce moving as much as possible and then back to full speed in a very short period of time. This is how we beat the corona virus. #BeatCoronaVirus (16/16)
