WASHINGTON, D.C. ~~ March 29, 2020 (LSN) The American people face an invisible enemy. Coronavirus has resulted in thousands of people becoming ill, placed a great amount of stress on hospitals and healthcare workers, and forced the closure of countless small businesses.
This is not a partisan issue. This virus poses a threat to every American and we must all take it seriously. Sadly, earlier this week, Democrat leadership in both Chambers felt the need to hold the bipartisan-crafted Senate relief package hostage for three days in an attempt to insert a wish list of provisions that have absolutely nothing to do with mitigating the impact of coronavirus or saving American lives. Among these demands were:
Speaker Pelosi’s actions were incredibly harmful and wasted precious time. Fortunately, once the American public realized that she was exploiting this national crisis, she was forced to abandon her ridiculously partisan wish list and bring forward the bipartisan Senate relief package titled the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
On Friday afternoon, I was proud to do my part and vote for the CARES Act, which passed the House with overwhelming bipartisan support. I was pleased to see President Trump sign this legislation just hours after it was passed in the House. Now that the CARES Act has been signed into law, my message to all Minnesotans is this: relief is on the way.
A Breakdown of the CARES Act
I am confident that this package will go a long way in helping Minnesotans hurt by this pandemic. Specifically, the CARES Act will provide assistance to individuals and families in the form of one-time, direct payments. Individuals are eligible for checks up to $1,200 and married couples filing jointly are eligible for checks up to $2,400, with an extra $500 for each child. These checks will be reduced for high income earners, starting at $75,000 for individuals, $112,500 for heads of household, and $150,000 for married couples. Eligibility will be based on 2018 and 2019 tax returns.
The CARES Act will also help Minnesota’s small businesses by creating the Paycheck Protection Program, a $350 billion program designed to provide eight weeks of cash-flow assistance to small businesses through 100 percent federally guaranteed loans. If employers maintain their payroll, the loans will be forgiven, helping workers to remain employed and allowing small business to keep their doors open.
Additionally, the CARES Act will provide $100 billion to ensure our hospitals and healthcare providers continue to receive the support they need for coronavirus related expenses. It also expands the use of telehealth medicine to help healthcare providers more quickly diagnose patients in a safer environment.
This legislation is not perfect, and created through compromise, but it is a huge step in the right direction. However, our work is far from done. Over the course of the next few weeks, it is my hope that both Chambers continue to enact bipartisan reforms that help Americans navigate this crisis. Thanks to the pro-growth policies of this Administration, our nation had the strongest economy in the world before coronavirus. If we continue to enact decisive and smart policies, I am confident that we will bounce back.
As I have always said, there is no challenge too great for the American people to overcome. By working together, we will overcome this dark period and reemerge an even stronger and more self-reliant nation than before.
Click HERE for the full text of the CARES Act.
Here to Serve You
While many of my staff are teleworking, my offices remain open through phone, email, website, and social media platforms so we can continue to answer your questions and address your concerns. My staff and I are laser focused on the task at hand and will work around the clock to ensure you have all the information you need during this difficult time.
If you have any questions about coronavirus, and how recently passed legislation will assist you, please click HERE to visit my newly created coronavirus resources page on my website.
A problem occurred while loading content.