Business Leaders Urge Congress To Send $1 Trillion In Relief Funding To States And Local Governments

to Congress, nearly 100 business leaders—members of California Governor Gavin Newsom’s Task Force on Business and Jobs Recovery— ”urgently” request another $1 trillion in direct relief for state, local, and tribal governments.

The group says this funding will “protect core government services” like public health, safety and education. Those things, rather than rapid business reopenings, will encourage a lasting recovery, the group argues. Priscilla Chan of the Chan Zuckerberg Initiative, Ben Horowitz of VC giant Andreessen Horowitz, and LinkedIn CEO Jeff Weiner are among the letter’s notable signatories.that states would need another $1 trillion to cover budget shortfalls while Republican Majority Leader Mitch McConnell proposed allowing states to go bankrupt rather than sending them more aid.

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Mnuchin to face grilling about small-business lending effortLawmakers from both parties have criticized the Payroll Protection Program, which initially provided $349 billion in forgivable loans to small companies but has been plagued by a host of problems. I got mine and I am going to buy a golf cart Among other provisions, the HEROES Act would provide nearly $1 trillion in emergency relief to struggling state and local governments that have seen revenue sources dry up amid the coronavirus pandemic. So Americans REVENUE HAS DRYUP ALSO. ? But ok to bail states out not American LAWMAKERS CREATED THE PPP
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