“Based on what we are hearing and on news reports, the current House bill being negotiated will be a poison bill for small businesses, leaving small business stranded in the midst of a crisis. Cash flow is the name of the game for small business owners right now. What is needed are short term loans and payroll tax cuts that are key to helping small businesses weather this storm, avoid furloughs and keep their doors open. The federal government needs to provide expedited federal unemployment insurance to employees as a safety net for those affected. A tax credit for paid leave in twelve months isn’t going to help with cash flow now if revenues aren’t coming in the door. Any bill that doesn’t include these short term measures will be nothing more than window dressing and an attempt to exploit a crisis for check the box political gain.”
Today, JCN ran a full-page ad in the Wall Street Journal and other papers with the message, “Small Business is Too Big to Fail” (to see the ad, click here).