Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
Be used to spur economic recovery but first remind folks what the Tax Foundation does and how you do it. The Tax Foundation is an organization that educates the public on tax policy and also assist members of congress in developing tax policy. We do in particular analysis of the cost to the economy and to the government of tax increases or tax decreases, Tax Foundation. Org is a website as. As we look at recovery efforts, its now been four months since america startedon shutting down. Congress congress is appropriatr 2. 5 trillion in response. At what point do we start focusing on longterm recovery as opposed to responding to immediate needs that are happening in the here and now . Guest thats hard to say. I had originally thought when the crisis began that around the end of the summer we would need to make a strong tilt towards longterm growth. We had sort of a threepart approach to this during the immediate crisis we needed to write liquidity for businesses, for households so they co
Foundation does and how you do it. Is an the Tax Foundation organization that educates the public on tax policy and also assists members of congress in developing tax policy. We do in particular analysis of the costs to the economy and to the government of tax increases or tax increase tax decreases. Host as we look at recovery efforts, it has now been four months since america started shutting down. Congress appropriated over 2. 5 trillion in response. At what point do we start focusing on longterm recovery as opposed to responding to immediate needs that are happening in the here and now . Guest that is hard to say. I originally thought when the crisis began that around the end of the summer, we would need to make a strong tilt towards longterm growth. So we would have sort of a threepart approach to this during the immediate crisis, providing liquidity for businesses, households so they could keep their rent payments, they could, businesses could keep people on payroll. Passed, acut
Process and wait times for receiving loans. From the house Small Business committee, this is about two hours. I want to thank everybody for joining us. I want to know important requirements. Let me begin by standing in that test by stating that house rules will continue to apply during the proceedings. All members are reminded that they are expected to adhere to these standing rules, including decorum. With that said, the technology we are utilizing today requires us to make some small thefications to ensure that members can fully participate in these proceedings. Asing the covid period, designated by the speaker, the committee will operate in accordance with House Resolution guidancer subsequence from the rules committee in a manner that respects the rights of all members to bridges bait. To participate. Regulations require members to be visible through a video connection throughout the proceedings, so keep your cameras on. Also, if you have to participate in another proceeding, pleas
Chair discusses the coronavirus. Join the conversation on facebook and twitter. Washington host good morning. It is monday, july 13, 2020. A threehour washington journal ahead and we begin the day the race from the for the white house and we are three weeks away from Vice President joe biden announcing his running mate. We want to hear from democrats who do you think joe biden should pick to be on the 2020 ticket . Democrats in the eastern or central time zones can call in o 274 88000. You can also send us a text. Please include your name and where you are from. A good monday morning. As a reminder, joe biden has said he would pick a woman to be his running mate in 2020, so that helps narrow down the list, but were asking democrats who runninge joe bidens mate. This piece takes up the 11 most logical picks. The top three, congresswoman val demings of florida, senator Elizabeth Warren of massachusetts, and the number one pick, senator, harris of california. Aaron blake writes she has be