OPINION | This article contains commentary that reflects the author's opinion.
🚨 POLL: Is Pelosi the Worst House Speaker Ever?
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🚨 POLL: Is Pelosi the Worst House Speaker Ever?
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The Wall Street Journal reported Wednesday that a small business loan program was slated of money.
The small business loan program at the center of the $2.2 trillion coronavirus relief package was refused by Pelosi and Democrats as they rejected legislation to provide an additional $250 billion in funding.
Nancy Pelosi: “I congratulate the Senate Democrats” for objecting to $250 billion in small business reliefhttps://t.co/IdRmdfgYwx pic.twitter.com/KDT9tZZ8b3
— RNC Research (@RNCResearch) April 15, 2020
Rep. Patrick McHenry of North Carolina said, “The fund being exhausted clearly puts pressure on Congress to act and come to a reasonable conclusion.”
“Every day that passes that we don’t fund this program, more pain is felt by small business folks and their employees.”
Minority Leader Charles Schumer said, “We see no reason why we can’t come to an agreement.”
“We Democrats believe we need more money for small businesses, but we need it to go to the people who are under banked and underserved.”
Senate Majority Leader Mitch McConnell said, “There is no time to insist on sweeping renegotiations or ultimatums about other policies that passed both houses unanimously.”
Clean funding for worker pay in a crisis should not be controversial.”
Rep. Liz Cheney said, “For Congress not to be holding hearings, not to be debating, not to be available immediately to pass additional appropriations if necessary, is inexcusable.”
Commentary and Opinion from Trending Politics:
The WSJ adds:
Both Democrats and Republicans want to add $250 billion to the small-business aid program, but have been sparring for days over whether to add restrictions to the funds. Democrats want to expand access to the loans as well as include more money for hospitals, food assistance and state and local governments. Republicans, meanwhile, said they want to keep the bill focused on increasing small-business aid and defer other funding debates until the next, broader legislation is crafted.
There are no provisions that Republicans support stating small business assistance during the coronavirus outbreak should not go to ‘under-banked’ or ‘underserved’ business owners, so Schumer’s complaint is a red herring.
