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WASHINGTON, D.C. — Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.Maryland Democrat Ben Cardin pushed for the extension of the Paycheck Protection Program hours before a deadline for applying for the program, which was created in March and has been modified twice.The measure is not a done deal though. It must also pass the house and be signed by President Donald Trump.If approved by Trump and the House, the new deadline for businesses to apply for PPP loans would be pushed back to Aug. 8.The proposed extension is an unexpected development that comes as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses.The pressure swayed Republicans controlling the Senate, who have delayed consideration of a fifth coronavirus relief bill and are preparing to go home for a two-week recess.About 4.8 million businesses received a PPP loan, with a total of 9 billion lent out. But as of Tuesday, there was still more than 0 billion left in the pot.As to why that is, the Small Business and Entrepreneurship Council says there's a few reasons, like concerns over how much would actually be forgiven, constantly changing rules, and strict limits to how the money can be used.“Not all businesses are the same. So, you know you've got businesses with high overhead, maybe few on payroll,” said Karen Kerrigan, President and CEO of the SBE Council. “This program really didn't align with their needs.” 1534
We know it's been a few days since we last gave you an update on the boss. But he is still in the hospital being treated with oxygen for his lungs. In the meantime, the doctors say his other organs and systems are strong.— Herman Cain (@THEHermanCain) July 27, 2020 273
WASHINGTON COUNTY, Wisc. - A semi truck transporting 39,000 pounds of sausage rolled over a median in the Town of Wayne, Wisconsin, the sheriff's office says.The accident occurred around 11 p.m. on Sunday, May 13. The driver of the truck swerved to avoid hitting a deer and accidently rolled onto its side in the median of I41 south of STH 28.Crews worked for multiple hours taking sausage off the truck's trailer so the truck could be returned to its upright position.The freeway was closed around 5:15 a.m. on Monday morning so that crews could remove the truck. The Interstate was reopened an hour after the closure.The driver was treated at the hospital for minor injuries and was released. 727
We’re getting a clearer picture of housing inequalities minority families are facing.Two economists analyzed more than a decade of tax assessment and sales information for nearly 120 million homes across the country. They focused on areas where every homeowner theoretically faces the same tax rate.What they found was that minority homeowners still ended up paying a ten to 13 percent higher tax rate on average. For the median Black or Hispanic household, that could be an extra to 0 a year.They also looked at property tax appeals in Chicago, and found Black homeowners were significantly less likely to appeal their property tax assessment. This kind of data is not available nationwide, but it is believed to be a widespread issue.“So much of it is rooted in systemic and historical structures of racism. So, you know, if you’re white and middle class in this country and you feel like your property tax bill is off in a way that doesn’t benefit you, your experience with government has probably been ‘oh, if I appeal or either that there's probably a process by which i can go get that wrong righted and i'll be given a fair shake at that,’” said Chris Hoene, with the California Budget and Policy Center.Hoene said Black Americans overall have had a far different experience with government, and the idea a Black homeowner would go and appeal and be treated fairly is not something they would consider.Hoene suggests creating systems that are less dependent on showing up in person to make their case, possibly allow appeals through an online system.The economists who looked at the nationwide data suggest assessors to look at zip code level home price indexes to reduce overtaxation. They said doing that could reduce the total inequality in property tax assessments up to 70 percent. 1807
WASHINGTON (AP) — The nation's top military officer says it was a mistake for him to have been in Lafayette Square with President Donald Trump last week.Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff, says his presence “created a perception of the military involved in domestic politics.” He called it “a mistake” that he has learned from.Milley made the comments during a virtual graduation ceremony for National Defense University on Thursday.“As many of you saw, the result of the photograph of me at Lafayette Square last week, sparked a national debate about the role of the military in civil society,” he said. “I should not have been there.”Milley and Defense Secretary Mark Esper walked from the White House to Lafayette Square with Trump and others on June 1 amid street protests, and the president posed for photographers holding up a Bible in front of St. John's Episcopal Church. 913