No, I”m not talking about “trickle down” during the Reagan and Bush years transferring all the wealth to the already wealthy. I’m talking about the GOP Senate standing in the way, yet again, by abuse of the filibuster to stop critical legislation.
Small businesses have put hiring, supply buying and real estate expansion on hold as they wait out the vote on a small-business-aid bill that stalled in the Senate earlier this summer.
The much-debated legislation offers tax breaks and waived loan fees. But it also comes with more divisive components, such as a $30 billion fund that would help community banks give loans to small businesses. Opponents say the fund would be a mini version of the often-criticized TARP large-bank bailout program.
Many small businesses had hoped the legislation would pass the Senate by the end of July. With two weeks left until Congress reconvenes, those firms are in a holding pattern.
If you’re a small business owner, if you don’t make over $250K/year or you aren’t already sitting on millions of dollars, or if you’re not a whacky right-wing fundamentalist religious fanatic, the GOP hates you. They really do want you homeless and starving.