PPP

When the COVID-19 pandemic broke out in early 2020, the federal government attempted to preempt the expected economic downturn by bailing out companies with the Paycheck Protection Program (PPP), a program devised to make companies loans that would be ultimately forgiven. In other words, PPP loans were free money to companies. Many companies, small and […]

With Republicans and Democrats deadlocked on how to proceed with another much-needed COVID stimulus, one COVID-related initiative that has proved successful and that both sides support is the Paycheck Protection Program (PPP) that was offered to small business to help them make payroll.

Last week, Florida Rep. Stephanie Murphy (D) slammed Congress for inaction regarding COVID-19 relief for Americans. She took to Twitter to inform that “it’s been 8 months since we passed a COVID bill,” arguing that Americans need the assistance because a large number of Americans are on the verge losing their jobless benefits due to the COVID-19 pandemic.

Until recently, we enjoyed one of the most prosperous times in our nation’s history. Under the leadership of President Trump and Republicans in Congress, unemployment was at a 50-year low, wages were on the rise, and sales on main street were booming[1] — and then the invisible enemy (COVID-19) hit our shores.