While the final bill is far from perfect, I am pleased to report
that Senate Democrats took a Trump Administration proposal
weighted heavily in favor of handouts to big corporations, and
succeeded in redirecting its primary focus to workers, families,
and all taxpayers.
Sign here if you agree we must stay focused on American families
first, not slush funds for Trump and his business partners.
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Here are some key victories from last night:
* Businesses, both large and small, are incentivized to keep
workers on the payroll and/or cover all their health care
premiums.
* Small businesses can receive two months of interest-free loans
of up to $10 million for up to two months of payroll and fixed
expenses, which will be forgiven if they end the period with the
same payroll they had before the crisis.
* Workers who are laid off will receive dramatically expanded
unemployment insurance payments and part-time workers,
self-employed, and independent contractors will be eligible for
the first time.
* Hospitals will receive sorely needed support to deal with this
crisis and the strain it has put on our health system.
* Significant guardrails and accountability provisions were
placed around the subsidized loans to the airline industry and
other big businesses -- who receive substantial assistance under
this deal -- to prohibit recipients from using funds for stock
buybacks or executive bonuses.
The Trump Administration's backwards proposal to give sizable
one-time payments to individuals making close to a million
dollars and much smaller payments to lower income people was
discarded. Instead individuals who make up to $75,000 ($150,000
for couples) will receive a maximum one-time benefit of $1,200
per adult and $500 per child and everyone below that income will
receive the same amount of benefit even if they have no income
tax liability.
While precious time was wasted by Republican efforts to force
through a deeply partisan bill with little accountability, this
is no longer the no-strings-attached blank check Trump had been
seeking.
Senate Democrats did not back down. We fought hard and
successfully for measures to protect the health and economic
security of the American people during this unprecedented crisis.
But, we are not through this yet and more remains to be done in
the coming weeks and months.
Sign here to join me in calling on all Senators to focus our
future efforts on protecting jobs, meeting the needs of our
health care system, and helping working people and families who
have been clobbered by this crisis so they don't lose homes and
small businesses.
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Thank you for all that you do.
ChrisPaid for by Van Hollen for Senate
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