COVID-19 CLOSINGS AND CARES ACT

The CARES ACT needs to care for small business or the US will be filled with bankrupt businesses (99.7% under 500 employees) and unemployed workers. 

It was a mistake to allow so much $ to go to chain restaurants (eventhough it was a separate section) and callously divide the rest between several special interest groups instead of the small restaurants and businesses the act was intended to help. 

In addition, the SBA needs to communicate directly with small business owners.  It was clear from the beginning that the same banks bailed out in 2008 were only interested in their own needs.  The money was given to the businesses that make them money. 

There was no incentive for the banks to pay staff to distribute loans that will be 'forgiven' leaving no interest or principal for the bank. 

And let's talk about property tax. Where will the payments for that come from? Landlords can't collect rent which often goes straight to mortgage and property expenses and homeowners haven't collected a paycheck or unemployment in a month. NJ needs to discount these "dues" to allow homeowners to catch up.

Let's see what happens this week.