Stimulus/Corona Virus Act - help for small business

[Dan Fahey]

Originally Posted by GrapeApe7575

Our business(trucking and warehousing) has been hit so hard with all of the furniture retailers closing that this legislation may be the difference between survival and complete shutdown.

As I understand it, we are able to borrow 4 months(Feb 15 to June 30)of the average of the previous 12 months monthly payroll. If we use all of the borrowed money to pay payroll throughout that same period the load proceeds will be forgiven. If in fact we actually received these funds I plan to use it just to keep the doors open and not lose any of my staff. If the shutdown lasts into the summer it will bring a brand new challenge.

On the other hand.....I do not understand the need to give $1200 to each and every human in the country(including illegals if Pelosi gets her way). There are folks who have not and will not lose their job yet they still get the payout. Somebody help me understand how this is good business. You know that ultimately this all will come right back out of our pockets in the form of higher taxes and higher prices for goods and services.

We may all recover from the virus and its effects on our bodies....but we will never COMPLETELY recover from the economic effects of this event.

I understand full well why $1200 to each person.
All that money filters through our economy
Every penny...especially to poor and low wage workers.

Not the $trillions giving to corporations?
Especially the corporate give away money without Review and Feedback.
A lot of their money will never move through our economy!
Just more Trickle Down ** economics?

But we who have small businesses.
Have to go through a gauntlet of review and business records to apply.

But you worry about poor people getting $1200
More poor people bashing..

Yet ignore the huge corporations that do not give a crap about us.
Like all the CEO’s of major corporations that quit their cushy jobs so they could sell their Stock.
It is quite a list..

$trillions will go to Non-US corporations that never paid a dime in Taxes are getting Bail ..right Mitch McConnell?

But let’s worry about a poor person getting money.