Political Quotes

“there is a problem with the Paycheck Protection Program. It passed with overwhelming bipartisan support last December, but the implementation has been botched. Let me explain what I mean. If you are a small business owner, if you are an individual that is a sole proprietor of what is called a schedule C, if you had major issues in trying to be able to cover your employment last year, you would turn in--make a request for the Paycheck Protection Program. It was extended in December of last year for only the hardest hit businesses, those that had a 25-percent loss or more. Those businesses could not survive into the next year. So we extended it out and allowed them to be able to get additional time and an additional couple of months of payroll to be able to make sure they make it. Now, for these extremely small businesses, these sole proprietors, and these individuals who are out there, this means just them or sometimes them and one other person whom they are actually covering the expenses for. These are not our megabusinesses. These are our backbone small businesses. This is the truckdriver in Oklahoma. This is the piano teacher in Oklahoma. These are folks who are actually trying to be able to make a living the best way they know how. When it was passed in December, the Small Business Administration interpreted that rule to say you can only use your net expenses for that--your net expenses.…”