viernes, 3 de abril de 2020

New Paycheck Protection Program Offers Real Relief for Small Business

West Wing Reads

New Paycheck Protection Program Offers Real Relief for Small Business


“We cannot solve the economic crisis until we solve the public health crisis caused by the coronavirus, but we can take steps to ease the financial pain for our nation’s employers and their employees. And that is what Congress did last week,” Sen. Marco Rubio (R-FL) writes for Fox Business.

The $350 billion Paycheck Protection Program “will immediately get cash in the hands of small and midsize businesses to keep Americans tied to their jobs.” As long as employers use the loan “for payroll costs like salaries and cash tips, as well as debt obligations like mortgage, rent, utilities, and insurance premiums, it would be forgiven in full.”

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If the Communist Party of China had reported the true size of China’s outbreak, “public-health experts would’ve been sounding much louder alarms at the start — and the rest of the world would have begun making much greater preparations, sooner . . . A University of Southampton study estimates 95 percent of infections would have been avoided if China had acted just three weeks earlier,” the New York Post editorial board writes.
“Democratic California Gov. Gavin Newsom praised President Donald Trump for the way he has handled the coronavirus pandemic, especially in his state. ‘Let me just be candid with you. I’d be lying to you to say that (Trump) hasn’t been responsive to our needs. He has,’” Newsom told CNN. Read more from Henry Rodgers in The Daily Caller.
A few media outlets have discussed ending live coverage of White House Coronavirus briefings, preferring Americans not hear from their President directly. “Cutting off the president’s microphone hardly restores confidence in a collective institution that seems hopelessly partisan and one-sided,” Jarrett Stepman writes in The Daily Signal.

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