A Quote by Sharice Davids
The Paycheck Protection Program has been vital to helping our small businesses and workers weather the coronavirus pandemic. Yet this program has operated with little oversight, and we've seen Kansas small businesses owners struggle to access relief while large corporations with deep pockets have no problem.
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The Paycheck Protection Program created in the CARES Act did help many small businesses keep employees on their books in the early days of the pandemic. But many small firms are ailing now; the hospitality industry has been decimated; and state and local governments are shedding workers.
Small businesses are the heart of a thriving community and vital to the American economy, and there isn't one in Georgia or across our country that hasn't been impacted by the coronavirus pandemic.
For small businesses in Kansas and across the country, the coronavirus has the potential to cause devastating financial hardship that would have a ripple effect throughout our economy. These businesses make up the backbone of our communities, and we have to ensure they are properly supported and protected.
Congress can protect small businesses by providing effective oversight over SBA policies and make sure they take into account the needs of small businesses while also protecting taxpayer dollars. Congress also needs to make sure that new banking regulations do not make it more costly for community banks to lend to small businesses.
We've had this program for a number of years now, called 10,000 Small Businesses, where Goldman Sachs has convened a group of partners to basically give business education to small business owners.
We need to close the loopholes that allowed large corporations to abuse the Paycheck Protection Program.
The American economy is driven by small business. And there's nothing basically to create incentives for small businesses. We've done no tax reform. They're the highest-taxed group in the country. And corporations can go anywhere they want and do whatever they want. Small businesses have to stay.
Growing our economy means supporting our small businesses, and one straightforward way to do this is to help business owners with the cost of health insurance for their workers.
The Obama administration is not helping small businesses create jobs. In fact, it is responsible for the regulatory uncertainty nearly 50 percent of small-business owners cite as responsible for their lack of hiring.
Small businesses win as they get more contracts; workers win as small businesses create jobs; and taxpayers win as prices are driven down.
People in Kansas and across the country are feeling the impacts of coronavirus both on their health and on their economic security. The CARES Act, which I voted for, is one small part of helping get them the relief they need.
I have run two small businesses in Kansas, and I have seen how government can crush entrepreneurism. That's why I ran for Congress. It just so happens that there are a lot of people in south central Kansas who agree with me on that.
In general, the more entrepreneurs we have, the better off we will be because the economy is driven by small businesses and creative ideas... I'm really excited about what the future holds for women entrepreneurship and to be a small part of that by helping Kim Kardashian and Jessica Alba start their businesses.
As a former small business owner, I recognize both the important role small businesses play in our economy and the broad universe of challenges that small business owners face in trying to make ends meet.
If you talk to anyone involved in business - forget banks and big business - talk to small businesses - do it yourself, don't ask me - they'll tell you it's crippling. Small-business formation is the lowest it has ever been in a recovery, and it's really for two reasons. One is regulations and the second is access to capital for people starting new businesses.
When we get government off the backs of our job creators, small businesses have a better chance of thriving. And when small businesses thrive, so does our economy.
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