(NewsReady.com) – Both parties have previously drawn lines in the sand with regards to what needs to be in the HEROES Act to gain their approval. Democrats want an extension of unemployment payments, while Republicans want protections for businesses as they reopen. The result has been a Congressional deadlock with neither side looking to budge from their positions.
House Speaker Nancy Pelosi (D-CA), one of the Democrats who constructed this legislation without Republican representation, is attempting to break the ice.
Leader McConnell thinks Congress should pause it’s response to this crisis.
Last time I checked, the virus isn’t taking a pause. Neither should we.
— Nancy Pelosi (@SpeakerPelosi) May 27, 2020
This time Pelosi is moving to approve more funding for small business aid and to tweak conditions to receive the assistance. However, she’s not addressing the bottom line for Republicans and their needs for business protections. While this proposal is related to small business operations, it’s not a protective policy.
Initially, businesses were required to spend their federal loans within eight weeks with no forgiveness. Restaurants, in particular, had to rehire laid-off workers even if the store was closed or in limited operations.
The House is working on a bill that provides a 24-week window allowing companies more freedom to spend the Paycheck Protection Program (PPP) funding. The bill would also remove an old requirement that 75% of the forgivable loans be allocated to payroll. Overall, the proposal is expected to give companies more flexibility in how they can effectively plan to open their doors.
Proposing more flexibility for businesses is a potential start to negotiations, but companies need protection as they open back up. Ultimately, Pelosi isn’t really working with the Republican Party, she’s just pretending to. If she wanted to end the gridlock, she’d actually address their concerns and protect business owners.
~Daily News for Busy People!
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