Breaking… Sen. Marco Rubio: Senate Is Looking At A Monthly 250 Percent Grant To US Small Businesses To Keep Them Afloat During Current COVID-19 Shutdowns (Video)

(Gateway Pundit) – Florida Senator Marco Rubio joined Maria Bartiromo on Sunday Morning Futures to discuss the US Senate negotiations on a multi-trillion dollar stimulus package to keep the American economy afloat during the current coronavirus pandemic.

This comes after Treasury Secretary Steve Mnuchin announced the proposed stimulus bill may top $2 trillion.

Rubio is Chairman of the Senate Committee on Small Business and Entrepreneurship and is responsible for assisting the tens of thousands of small businesses that will take the brunt of the current small business shutdowns across the US. Rubio said the small business rescue package could swell to $350 billion or more.

A Senate vote is planned for later today.

Marco Rubio: The sector involving small businesses with 500 employees or less. In this we have a very strong agreement… They will be able to go to a bank or lender, even an online vendor, approved by treasury and they will be able to draw down a loan or a grant, really, in the amount of 250% of their one month payroll. And as long as they use that money to meet payroll, to meet other benefits for their employees or to pay rent or leases on the property that their small business operates out of that will be 100% forgivable. They will not have to pay that back.

The key here is they’re not going to the government for the money, they’re going through private lenders, banks. There are over 800 banks that already participate in a similar program.

This would bring a sigh of relief to the thousands of worried small business owners out there in the country today.

Via Sunday Morning Futures.

Featured image credit: Gage Skidmore – flickr.com/photos/gageskidmore/25142430492

thegatewaypundit.com/2020/03/breaking-sen-marco-rubio-senate-is-looking-at-a-monthly-250-percent-grant-to-us-small-businesses-to-keep-them-afloat-during-current-covid-19-shutdowns-video/

4 COMMENTS

  1. Business bailouts are always a bad idea. The American taxpayers can’t afford these non-stop cash giveaways. This is vote-buying, and needs to be halted.

    • Antibiotics are bad when you don’t need them. The economy needs a cure. The Dollar has been debased for a long time. The way to prevent runaway inflation is grow the economy to recycle the paper. The Yr2000 1/2T$ stimulus was absorbed and neutralised that way.
      If we don’t prevent the collapse of small businesses we surrender to communism. What is preventing communism from taking over is 99% of economic engine is small business. So cliches don’t work out in this case.

  2. Just saw Schumer on TV ,talking about they have to debate the emergency stimulus package for small businesses. If that was during Obama’s reign Schumer would have voted for bringing the Moon down to appease his Masters at One World Order.
    The ship is sinking, the idiot Schumer wants to debate if he is going to allow passengers rip the cabin doors to use as floaters. Chucky is living up to his doll fame.

  3. Can any relief efforts for business or citizens make it through Nancy Pelosi? Her hatred for Trump is trickling down to the rest of us.

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