The Coronavirus Rescue Package's Small Business Paycheck Protection Funds Have Run Out. Democrats Ar

[rangerrebew]

The Coronavirus Rescue Package's Small Business Paycheck Protection Funds Have Run Out. Democrats Are Blocking Additional Help.
Guy Benson
 
Posted: Apr 16, 2020 1:05 PM
 
 

Let's start with the timeline: Approximately three weeks ago, Senate Democrats repeatedly filibustered a bipartisan $2 trillion Coronavirus relief package -- delaying its passage by days before winning minor, face-saving concessions and supporting the legislation unanimously.  Part of the hold-up was House Speaker Nancy Pelosi's destructive power trip, and Democrats' insistence on packing the bill with unrelated and tangential goodies.  A member of Democratic leadership even said the quiet part out loud, framing the pandemic rescue effort as "a tremendous opportunity to restructure things to fit our vision."

One week ago, it started to become clear that one key component of the package -- the small business 'paycheck protection' forgivable loans -- were extremely popular would need more funding to keep up with demand.  Because the previous legislative process (described above) had been so needlessly contentious, causing so much precious time to be wasted, Senate Majority Leader Mitch McConnell wisely opted to propose a clean, standalone "top up" of that existing pot of money.  The program itself was devised by Senators from both parties, the need was undeniable and a point of consensus, and the structure had already been negotiated and agreed to. 

https://townhall.com/tipsheet/guybenson/2020/04/16/mcconnell-mccarthy-democrats-have-no-excuses-on-obstructing-additional-paycheck-protection-funding-n2567047

[Applewood]

As always, it's the little guy who gets screwed.

[sneakypete]

 

As always, it's the little guy who gets screwed.

@Applewood

With the "little guy" being defined,as usual,as someone who does NOT hold public office.

[Chosen Daughter]

As always, it's the little guy who gets screwed.

500 employee little.

This describes small companies as 250 or less employees.

Businesses are classified by size, not revenue. Small companies have fewer than 250 employees, and medium-size organizations have up to 999 employees. This year’s survey was sent to more than 88,000 employees at 450 companies. Great Place to Work tells us that two-thirds of a company’s score is based on the results of the Trust Index Employee Survey, sent to a random sample of staffers from each company. This survey asks questions about management’s credibility, overall job satisfaction, and camaraderie.

https://www.fastcompany.com/3052594/these-are-the-top-small-and-medium-sized-companies-for-employees

The little guy probably wants Congress to reclassify small business as micro business.  Then it would help the little guy.

Edited because I think my percentages could have been wrong.

Here is another article. 

https://www.forbes.com/sites/groupthink/2012/08/29/how-big-is-a-small-business-heres-why-it-matters/#1b59820b5c5d