Gary Cohn Profile picture
Vice Chairman @IBM, Former NEC Director
Mar 17, 2020 8 tweets 3 min read
THREAD: Looks like WH & Congress are properly considering #COVID19 impact on small businesses. They have 2 major costs: staffing & real estate. W/ consumers needing to stay home & little or no revenue coming in, paying employees & property bills quickly becomes unsustainable. 2. Employers need to continue paying their people even if they aren’t able to work due to #coronavirus. Here are a few relatively low-cost, high-impact things we can do to help small businesses & their employees be in the best position to recover...
Mar 9, 2020 6 tweets 3 min read
1/ Lots of talk about potential fiscal stimulus packages that unfortunately seem more political than productive. Govt must spend on COVID-19 containment & prevention. Additional fiscal stimulus doesn’t make sense unless it’s going to help those economically hurt by #coronavirus 2/ A payroll tax holiday would only affect those who are still working or on salary -- and thus getting a paycheck. If they aren’t out spending as they were before #coronavirus, it’s because they’ve made a conscious decision to avoid crowds.