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    Democrats block expansion of Paycheck Protection Plan, demand more unrelated spending

    Democrats block expansion of Paycheck Protection Plan, demand more unrelated spending

    In blocking a simple, clean $250 billion funding increase for PPP, Senate Democrats propose a $500 billion bill that addresses many other issues, including promoting minority community lending.

    https://www.youtube.com/watch?v=_sHfoVhz71A

    Yesterday I reported that Pelosi/Schumer may stymie Paycheck Protection Program expansion over unrelated new spending demands.

    The PPP provides forgivable loans to small businesses on the condition that the funds be used for paying workers, with a portion permitted to be paid for certain fixed costs like rent.

    The goal is to keep people employed until the economy can restart, and hopefully to keep small businesses afloat. Yet Democrats once again are holding such relief hostage to additional demands for funding and social goals.

    All Republicans in the Senate sought to do was increase PPP funding from $350 billion to $600 billion. But to do that, the Senate needed to vote by unanimous consent to consider the bill.

    Democrats refused. Maryland Democrat Ben Cardin, and  rose to object when Mitch McConnell requested unanimous consent. Cardin’s argument was that there are additional things that need to be done, so we’re not going to expand funding for PPP unless we simultaneously address those other issues.

    In place of a simple, clean funding increase for PPP, Senate Democrats will propose a $5 billion bill that addresses many other issues, including promoting minority community lending.

    The Senate is now adjourned until April 13.

    You can watch this mornings proceedings here:

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    Comments



     
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    Katy L. Stamper | April 9, 2020 at 11:02 am

    We all knew this was going to happen.

    And surprisingly, Trump missed a beat when he said this program needed more cash. He failed to mirror the dems’ usual B.S. statement that they want a “CLEAN” bill, which the bills they want are NEVER clean.

    Always full of flotsam & jetsam, but the media carries it for them. Makes for such a soporific sound bite: “Give us a clean bill.”


     
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    rdmdawg | April 9, 2020 at 11:02 am

    You threaten to confiscate all the Trust Funds in the nation, to ‘pay for the Kung Flu’, you’ll see all these Dem games end super fast.


     
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    2smartforlibs | April 9, 2020 at 11:03 am

    Don’t pass anything until we see how phase 3 works out.


     
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    McGehee | April 9, 2020 at 11:07 am

    The Dems are still rooting for the apocalypse — a new Great Depression they can use to Hooverize the President.


     
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    oldgoat36 | April 9, 2020 at 11:34 am

    I’m so disgusted with the National Socialist party, they are beyond vile. They do not work for the American people, they are enemies of the State.

    I hope and pray that the majority of them find themselves out of power soon. Our country cannot take their “leadership” any longer.


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