Republicans vow to seek clean funding increase for small businesses

Republican congressional leaders on Saturday vowed to seek another clean funding increase for small businesses after dueling Senate plans...

Republican congressional leaders on Saturday vowed to seek another clean funding increase for small businesses after dueling Senate plans were blocked this week, raising doubts over the prospect of bipartisan talks over the next relief package.

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellGOP ads hit vulnerable Senate Democrats over small business funding Matt Taibbi: Why this bailout is worse than 2008 The Hill’s 12:30 Report: Surgeon general says most of country unlikely to reopen May 1 MORE (R-Ky.) and House Minority Leader Kevin McCarthyKevin Owen McCarthySenators, bipartisan state officials press Congress for more election funds Pelosi defends push for mail-in voting: GOP ‘afraid’ to let people vote McCarthy slams Democrats on funding for mail-in balloting MORE (R-Calif.) said Republicans will keep pressing for a $250 billion increase to the Paycheck Protection Program (PPP), which provides funds to help small businesses contend with the coronavirus-fueled economic meltdown. 

Democrats opposed the measure this week and proposed their own plan, which provides additional money for hospitals and states, as well as the small business funds. Their plan was in turn blocked by the GOP.

“Republicans did not ask to change any policy details that were negotiated by both parties and passed unanimously. All we want to do is put more money into a popular job-saving policy which both parties designed together,” McConnell and McCarthy said in a statement. “[Democrats’] unrelated demands included hundreds of billions of extra dollars for parts of the legislation which are still coming online and have not yet spent a single dollar.”

“We will continue to seek a clean PPP funding increase. We hope our Democratic colleagues familiarize themselves with the facts and the data before the program runs dry.”

The statement from the two GOP leaders casts doubt over the prospects for bipartisan negotiations over the next coronavirus relief package.

Senate Minority Leader Charles SchumerCharles (Chuck) Ellis SchumerHarris, Ocasio-Cortez among Democrats calling for recurring direct payments in fourth coronavirus bill House Republicans, key administration officials push for additional funding for coronavirus small business loans Rep. Massie threatens to block next relief bill, calls for remote voting MORE (D-N.Y.) spoke Friday with Treasury Secretary Steven MnuchinSteven Terner MnuchinOvernight Health Care: Trump calls decision on reopening US biggest of his life | Trump to convene council to advise | Health officials push back on May opening | States see virus cases rise | Global death toll passes 100K On The Money: Trump calls decision on reopening economy biggest of his life | IG finds Treasury handled House request for Trump tax returns properly | Federal deficit jumps to 3B in March Los Angeles County extends stay-at-home order through May 15 MORE and said he hopes to relaunch negotiations over the next phase of legislation.

“He agreed to pursue bipartisan talks with the leadership of House and Senate Democrats and Republicans on interim Emergency Coronavirus Relief legislation. There’s no reason why we can’t come to a bipartisan agreement by early next week,” Schumer said in a statement.

The PPP was granted roughly $350 billion in the last relief package signed into law by President TrumpDonald John TrumpCalifornia governor praises Trump’s efforts to help state amid coronavirus crisis Trump threatens to withhold visas for countries that don’t quickly repatriate citizens Trump admin looks to cut farmworker pay to help industry during pandemic: report MORE. However, the small business fund has been thrust into the spotlight in recent days over warning signs an avalanche of applications from small businesses, contractors and “gig” workers could deplete the money available.

McConnell and McCarthy insisted they will continue rejecting Democrats’ efforts to add additional funding to the next PPP package, accusing the party of using American workers as “hostages.”

“American workers are in crisis. Nobody except Washington Democrats seems to be unclear on this fact or confused about the urgency,” they said. “Republicans reject Democrats’ reckless threat to continue blocking job-saving funding unless we renegotiate unrelated programs which are not in similar peril.” 

“This will not be Congress’s last word on COVID-19, but this crucial program needs funding now. American workers cannot be used as political hostages.”

Source link



Africa,824,Americas,4130,Art & Culture,15021,Arts,6521,Arts & Design,1684,Asia,3299,Automobile,465,Baseball,639,Basketball,535,Books,3913,Business,5370,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1600,Dance,675,Defense,836,Diplomatic Relations,2496,Economy,1155,Editorial,260,Education,1263,Elections,308,Energy & Environment,3079,Entertainment,22762,Environment,3632,Europe,4248,Faith & Religion,235,Family & Life,817,Fashion & Style,3285,Finance,20074,Food & Drink,3769,Football,1112,Games,97,Gossip,10289,Health & Fitness,4114,Health Care,939,Hockey,229,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,17167,Media,527,Middle East,1548,Movies,1745,Music,2668,Opinion,3116,Other,11995,Other Sports,5071,Political News,11324,Political Protests,2324,Politics,17784,Real Estate,1884,Relationship,106,Retail,3116,Science,2653,Science & Tech,10093,Soccer,246,Space & Cosmos,351,Sports,12307,Technology,3457,Tennis,582,Theater,1698,Transportation,313,Travel,2585,TV,3708,US,349,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,16600,
Newsrust - US Top News: Republicans vow to seek clean funding increase for small businesses
Republicans vow to seek clean funding increase for small businesses
Newsrust - US Top News
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content