Politically Speaking – March 31, 2020
Let me start this week by saying in these trying times we want to give a shout out to the medical professionals — doctors, nurses, CNAs, administrative staff and pharmacies — who are taking their profession to heart and putting themselves in harm’s way. Today they are showing their greatest strength. God bless each and every one of them.
I have to salute the staff, our team, for their commitment to The Weekly community papers, our communities and our country. We voluntarily shut down our offices to the public two and a half weeks ago. Most of us are working from home with a few of the essential staff members working from the second floor. We are committed to giving you, both on our website and in weekly print, the information you need to protect you and yours.
Now, and when this is over, I ask you to shop local and support the businesses in your area as we are recovering from this.
With all that said, let me recap the stimulus package — which I call the rescue package — the biggest economical package in American history:
Most Americans that make less than $75,000 will get $1,200 for individuals or $2,400 for married couples and $500 per child.
Those that lost their jobs will get 100% of their lost wages, plus, for a period of time, the final agreement provided an extra month of unemployment benefits.
The hospital industry got the $100 billion they asked for.
Small business will have access to billions in loans and forgivable loans by meeting certain requirements. Trump’s goal is to support the US economy and workers through the coronavirus outbreak.
As for business, the bulk will go to businesses that employ less than 500 people.
Who is eligible for small business loans? The rescue package provides fair, clear guidelines. The loans will be federally guaranteed, meaning no interest, and tax free. All loan payments are deferred for one year. Some loans are forgivable. Self-employed independent contractors and sole proprietors are also eligible.
More than 1,000 lending agencies will participate in this program according to Senator Marco Rubio.
There is a lot to this rescue package, and yes, there is wasteful spending as well, like $7.5 million for the Smithsonian Institution and $25 million to the Kennedy Center in Washington DC, just to name a few.
I pray each of you and yours stay safe and stay home.
Until next week.