Senator Marco Rubio (R-FL) spoke out on Thursday to defend the federal Paycheck Safety Program (PPP) as a bipartisan success for COVID-19 reduction after Rep. Alexandria Ocasio-Cortez (D-NY) criticized it.
AOC Assaults PPP
Rubio was fuming after he learn Ocasio-Cortez’s assault on the PPP on Twitter.
“Black-owned small companies had been broadly shut out from accessing PPP loans, but right-wing disinfo org PV took half one million in public cash whereas decrying direct federal help as ‘radical socialism,’” she wrote. “Republicanism in a nutshell. (Additionally they’re based mostly in Mamaroneck?!)”
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Black-owned small companies had been broadly shut out from accessing PPP loans, but right-wing disinfo org PV took half one million in public cash whereas decrying direct federal help as “radical socialism.”
Republicanism in a nutshell.
(Additionally they’re based mostly in Mamaroneck?! 👀) https://t.co/JARqvhgBmD
— Alexandria Ocasio-Cortez (@AOC) December 3, 2020
Rubio Fires Again
Rubio, nonetheless, was not having any of it.
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“Working collectively R’s & D’s helped save the roles of 55 million People by PPP,” Rubio fired again at Ocasio-Cortez. “Work extra, tweet much less & someday you can also make a distinction.”
Working collectively R’s & D’s helped save the roles of 55 million People by PPP
Work extra, tweet much less & someday you can also make a distinction https://t.co/WprW5OR9LP
— Marco Rubio (@marcorubio) December 3, 2020
Ocasio-Cortez was broadly criticized again in April when she was the one Democrat to vote in opposition to a largely bipartisan $484 billion coronavirus reduction invoice, calling the proposal “too small,” in line with Fox Information.
Rubio is the chairman of the Senate’s Small Enterprise and Entrepreneurship Committee, which is the group that developed the PPP, a “forgivable mortgage” program to assist small companies preserve workers on the payroll throughout shutdowns brought on by COVID-19, as a substitute of firing them.
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Rubio Fights Congress To Lengthen PPP Funding
This comes after Rubio referred to as on Congress to increase PPP funding past the preliminary $700 billion it acquired again in March with the passing of the $2.2 trillion CARES (Coronavirus Support, Reduction and Financial Safety) Act.
Although the Home handed the follow-up HEROES Act again in October, it stalled within the Senate. This act would supply solely $288 billion extra for PPP as a substitute of a further $700 billion, which is what Rubio desires.
“It is very important word that at its present (funding) degree, the proposal barely gives sufficient to fund a second spherical of Paycheck Safety Program loans, and doesn’t present ample funds to assist small companies, eating places, leisure venues, and others to assist them climate the second wave,” Rubio mentioned. “It ought to have occurred this summer time. It wanted to occur this fall. Sufficient is sufficient. Let’s get this executed.”
Rubio warned final month that small companies will likely be “worn out” if the PPP extension will not be authorised as a result of Democrat leaders are holding out for extra.
“The difficulty right here may be very easy,” Rubio mentioned. “Nancy Pelosi and Chuck Schumer are saying, ‘You both spend $2 trillion — or one thing near it — and do all of those different issues, or we do nothing in any respect. We won’t permit PPP to occur by itself.’ That’s the stance they’ve taken.”
This piece was written by James Samson on December 4, 2020. It initially appeared in LifeZette and is utilized by permission.
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