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Democrats Throw a Wrench into Paycheck Protection Expansion

<p class&equals;"p1"><span class&equals;"s1">Lawmakers are struggling to compromise on legislation designed to help small businesses stay afloat during the coronavirus shutdown&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">Republicans want to add &dollar;250 billion to the Paycheck Protection Program&comma; which offers small businesses up to &dollar;10 million in grants and loans if they continue to pay their employees&period;<&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">The current &dollar;350 billion fund could run dry within the week&comma; warns Senate Majority Leader Mitch McConnell&period;<&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">&OpenCurlyDoubleQuote;I’m literally talking about deleting the number &OpenCurlyQuote;350’ and writing &OpenCurlyQuote;600’ in its place&comma;&&num;8221&semi; said McConnell on Thursday as he sought to pass the legislation through unanimous agreement&period; &OpenCurlyDoubleQuote;Do not block emergency aid you do not oppose just because you want something more&period;” <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><strong><span class&equals;"s1">Senate Democrats blocked the proposal later that day because it failed to include money for hospitals&comma; minorities&comma; and food stamps&period; <&sol;span><&sol;strong><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">Democrats wanted to add <&sol;span><span class&equals;"s1">&dollar;100 billion for hospitals&comma; &dollar;150 billion to help state and local governments&comma; and a 15&percnt; increase in food stamp benefits&period; They also wanted to ensure that half of the &dollar;250 billion be reserved for minority-owned businesses and nonprofits&period;<&sol;span><&sol;p>&NewLine;<p>Democrats will have the chance to pursue these goals when they<span class&equals;"s1"> negotiate a fourth stimulus package&comma; said President Trump&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">&OpenCurlyDoubleQuote;We should have a big Infrastructure Phase Four with Payroll Tax Cuts &amp&semi; more&comma;” tweeted Trump&period; &OpenCurlyDoubleQuote;Big Economic Bounceback&excl;” <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1">Trump also urged lawmakers to &OpenCurlyDoubleQuote;go back to DEDUCTIBILITY by businesses if restaurants&comma; clubs&comma; and entertainment is expected to flourish&period;” &lpar;He is referring to <&sol;span><span class&equals;"s1">a prior law that allowed companies to deduct meal and entertainment expenses from their taxes&period;&rpar;<&sol;span><&sol;p>&NewLine;<p>On a brighter note&comma;<span class&equals;"s1"> the &dollar;1&comma;200 direct payments to Americans included in already-signed legislation are set to begin next week&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"p1"><span class&equals;"s1"><b>Author’s Note&colon;<&sol;b> Again&comma; we are seeing Democrats put their political values above the needs of the American people&period; Democrats want to help small businesses&comma; but only if Republicans agree to add extra provisions&period; This is selfishness on an unbelievable scale&comma; especially considering the Dems will have the chance to pass the legislation they want within the coming weeks&period; <&sol;span><&sol;p>&NewLine;

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