The federal unemployment insurance emergency payments of an additional $600 per week to those laid off because of COVID-19 restrictions discourages work and slows down economic recovery, several reports indicate. Several congressmen have introduced proposals to address the issue.
A report published by the Foundation for Government Ability (FGA) found that by nearly tripling average unemployment benefits through the CARES Act, “Congress has created a situation where unemployment now pays better than work” for roughly 68 percent of U.S. workers. Read More
The Minnesota Legislature’s recent special session ended with no major accomplishments, but the eight-day session will still cost taxpayers an estimated $108,000.
The special session concluded on June 20 after Republicans in the Senate and Democrats in the House failed to reach an agreement on police reform legislation, the allocation of federal coronavirus relief funds, and other leftover business from the regular session, such as a borrowing package for public infrastructure projects. Read More
Gov. Tim Walz approved plans Thursday to distribute $841 million in federal coronavirus aid to cities and counties across Minnesota, along with another $12 million for food banks and food shelves that have seen a surge in demand since the pandemic hit the state. Read More
The COVID-19 shutdown has silenced the Nashville Symphony all the way through July 31, 2021, as the organization reports it lost nearly 30 percent of its annual income.
The symphony sent members an emailed announcement Friday before making the news public. Then, they posted the news online here. Read More
The state House passed a measure to distribute $350 million in federal money to help communities across Ohio combat the COVID-19 pandemic.
Last week, the House passed Senate Bill 310 by an 87-8 margin. The measure now returns to the state Senate to debate changes House lawmakers made. Read More
Nashville Mayor John Cooper is directing $24 million in funding from the federal CARES Act to provide every public school student in Nashville-Davidson County with a laptop.
And students who need internet connectivity will get it. Read More
A progressive group has called on Nashville Mayor John Cooper to use funds from the city’s share of the federal CARES Act to provide “free bus fare” to the polls.
Nashville is expected to receive $121 million from the coronavirus relief bill and Mayor Cooper convened an advisory group last week to discuss how the money should be used. Read More
U.S. Representatives Ted Budd (R-NC-13) and Ken Buck (R-CO-04) introduced the Getting Americans Back to Work Act to amend a portion of the CARES Act, which resulted in some unemployed filers receiving higher wages through unemployment compensation than through their previous jobs.
The bill caps the amount an individual can receive from unemployment insurance at 100 percent of their previous wages. Read More
A new Democratic bill proposed by U.S. House Speaker Nancy Pelosi (D-CA), without input from Republicans or the Trump administration is “dead on arrival,” top Republican leaders say.
The White House has said it wants to wait and see how the $3 trillion Congress already allocated will impact the economy and help Americans suffering from the economic shutdown due to the coronavirus. Read More
by Todd DeFeo The House Finance Committee will consider a trio of bills when it meets this week, including a measure to allocate $350 million of federal dollars to communities across the state. The hearing comes as state lawmakers resume business – even if in a limited capacity –… Read More
One of the regulators pegged to oversee the coronavirus stimulus is married to a corporate attorney who touts her history of defending companies in civil and criminal enforcement cases before the Security and Exchange Commission (SEC), public records show.
Senate Minority Leader Chuck Schumer tapped attorney Bharat Ramamurti to sit on the Congressional Oversight Commission, a five-member panel Congress created in March to oversee the $2.2 trillion stimulus package. The commission’s statute does not explicitly require members to disclose their finances, though three of the members are obligated to provide disclosures as they are lawmakers. Read More
Americans have come together in the fight against the invisible enemy, but this situation has been made worse by some politicians who seek to take advantage of this pandemic and our recovery while so many are suffering. President Trump has been working around the clock to slow the spread of the Wuhan virus and get the economy going again, but Nancy Pelosi and Chuck Schumer have used this crisis to push their radical socialist agenda and grow the size of government. Twice now, Nancy Pelosi held American families, workers, and businesses hostage for days by delaying relief funding in the name of securing tens of millions of dollars for the Kennedy Center, pushing her Green New Deal, changing voting laws, and growing government to advance her radical socialist agenda.
Even more recently, there have been calls to give handouts to failing state and local governments, not because of the coronavirus, but because these states have been mismanaged and run irresponsibly. The American taxpayer should not bail out state and local governments for the reckless fiscal decisions made before the coronavirus. Read More
The Small Business Administration and the U.S. Treasury revealed Sunday that the second round of the Paycheck Protection Program has issued 2.2 million loans, totaling $175 billion.
PPP loans are forgivable loans for small businesses to offset some of the losses experienced by the response to the COVID-19 pandemic. The loans are meant to provide a direct incentive for small businesses to keep their workers on the payroll. Read More
Amid the COVID-19 pandemic, multiple colleges are still committed to hiring administrators for diversity initiatives on campus. This comes as thousands of universities around the country collect billions of dollars in bailout money from American taxpayers. Read More
Former 2020 Democratic presidential candidate Julian Castro said that those living unlawfully in the United States should be included in coronavirus relief packages doled out by the government.
Castro gave an interview to the Daily Kos divulging his thoughts on the recent coronavirus pandemic and how the United States should handle the crisis. Much like his time on the presidential campaign trail, Castro staked out progressive positions on the intersection of illegal immigration and role of American government. Read More
The federal government is sending more than $108.8 million to 97 airports in Ohio as part of a program to help them during the COVID-19 pandemic.
The money is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act Airport Grant Program. In total, the feds are doling out $10 billion to airports nationwide.
“This $10 billion in emergency resources will help fund the continued operations of our nation’s airports during this crisis and save workers’ jobs,” U.S. Transportation Secretary Elaine L. Chao said in a news release. Read More
More than 38,000 small businesses across Ohio have received forgivable loans from the federal government under the Paycheck Protection Program. Read More
Minnesota has seen 464,513 new applications for unemployment insurance since the beginning of the coronavirus pandemic. Read More
More than 19,000 small businesses across Tennessee have received forgivable loans from the federal government under the Paycheck Protection Program. Read More
by Jason Hopkins Democratic lawmakers in Congress are calling on the federal government to make illegal aliens eligible for federal relief amid the coronavirus pandemic, while local and state Democratic leaders have already made their coffers available for those living unlawfully in the country. President Donald Trump signed the CARES Act… Read More
U.S. Rep. Tim Burchett (R-TN-02) announced this week that he will introduce the Taxpayer Accountability for Airline Relief Act. Read More
One of the largest banks in the United States announced that it is no longer accepting applications for a federal program aimed at rescuing small businesses affected by the coronavirus pandemic.
Wells Fargo has stopped accepting new applications for the government’s Paycheck Protection Program, an initiative created by the government to assist U.S. businesses that employ fewer than 500 people. The bank’s decision came after it was inundated with billions of dollars in loan requests since Friday. Read More
One of the key aspects of President Donald Trump and Congress’ $2.2 trillion coronavirus relief package are provisions for $350 billion for 30 million small businesses to cover payrolls for 60 million Americans for eight weeks to encourage people to stay home to wait out the Chinese coronavirus pandemic.
Along with the expanded unemployment and credit facilities covering critical industries and larger employers, the policy is designed to ensure that in saving as many lives as possible — the White House coronavirus task force has said as many as 2.2 million Americans could die without social distancing — we don’t find ourselves in a long, deep recession or depression as a result that might take a decade to recover from. Read More
When Rahm Emanuel told audiences that former President Barack Obama should “never let a serious crisis go to waste,” he was applauded. Emanuel was referring to the Obama Administration’s response to the Great Recession. Clearly, President Obama agreed. Obama ushered in the greatest reorganization of the American socio-economic order under the auspices of resolving the financial crisis (which, of course, Obama never actually did resolve).
Similarly, the outbreak of the novel coronavirus from Wuhan, China offers President Trump a momentous opportunity to enact his own sweeping agenda – all of which would be far more beneficial to the American people than Obama’s statism. Trump needs to press his advantage with as much vigor and alacrity as Obama pressed his during the financial crisis. Read More
The start of the devastation from the Chinese virus is clearly reflected in the new monthly jobs report from the U.S. Bureau of Labor Statistics, which shows that the economy axed 701,000 jobs in March. The unemployment rate jumped from a near historic low of 3.5% to 4.4%. Read More
Tennessee small businesses are eligible for up to $10 million each in forgivable loans as part of the $2 trillion federal COVID-19 relief package, but some business owners are struggling to understand how to comply with the rules.
Like in many states, restrictions enacted by Gov. Bill Lee have caused many businesses to scale back services or temporarily shut down. Restaurants cannot provide dine-in services and nonessential businesses have been forced to close. Read More
The House of Representatives on Friday passed the Senate’s $2 trillion coronavirus relief package and sent it to the president. What initially began as a bill designed to help the workers and families hurt by job loss or disruption caused by government measures to fight coronavirus morphed into an 880-page behemoth.
Here are the highlights: the good, the bad, and the ugly. Read More
U.S. Rep. Scott DesJarlais (R-TN-04) announced Friday that he voted for the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Read More
U.S. Rep. Mark Green (R-TN-07) announced Friday that he voted in favor of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Read More