Biden stimulus will 'do more damage than help to small business,' Loudermilk says
Washington,
February 8, 2021
U.S. Rep. Barry Loudermilk, R-Cassville, spoke out Monday against the $1.9 trillion stimulus package proposed by President Joe Biden, arguing the bill will “do more damage than help to small businesses.”
From the Marietta Daily Journal:
CUMBERLAND — U.S. Rep. Barry Loudermilk, R-Cassville, spoke out Monday against the $1.9 trillion stimulus package proposed by President Joe Biden, arguing the bill will “do more damage than help to small businesses.” Loudermilk presented his case at the Cobb Chamber of Commerce’s Marquee Monday luncheon in a discussion with Chamber Chairman John Loud. The event also featured U.S. Reps. Lucy McBath, D-Marietta, and David Scott, D-Atlanta, who appeared via video messages. Arguing that the previous stimulus package passed in December was more than sufficient for the time being, Loudermilk singled out the package’s federal unemployment supplement as “a disaster” for small businesses. “Numbers of you,” Loudermilk said, gesturing to the audience, “have come up to us during the last time we did this and said, ‘If you do anything, just stop that. I can’t get people to come back to work because they’re making more money staying on unemployment than they are making coming to work.’” Biden’s stimulus proposal includes a $400 monthly supplement for unemployment benefits, a decrease from the $600 included in the CARES Act, passed last March. Economists remain divided on whether increased unemployment benefits disincentivize workers from seeking jobs, according to USA Today. A study from Yale University’s Tobin Center for Economic Policy published last year found “no evidence” for that argument, but other analysts have called the benefits a deterrent for returning to work. Prior to Loudermilk’s appearance, Loud presented pre-recorded videos with McBath and Scott, who could not attend the event in person. McBath took up the counterpoint on the relief package issue, arguing Congress must take “bold action” to aid the economic recovery. The congresswoman added that her staff worked with around 150 small businesses in her district to help them obtain Paycheck Protection Program (PPP) and disaster relief funds. “Our economic recovery is intrinsically linked to how we respond to the virus itself,” McBath said. “We just simply cannot ignore the devastation that this pandemic has already waged on the public and the business community … especially our small businesses.” McBath added that among the bills she hopes to pass is a bipartisan transportation infrastructure package, noting traffic and congestion pledge allegiance to no political ideology. Scott, meanwhile, highlighted his recent appointment as chairman of the House Agriculture Committee in his remarks. As the first Black representative to chair the committee, Scott told the audience he plans to address climate change and racial discrimination in farming as two of his top legislative priorities. “I want to ... make sure everybody knows that regardless of race, creed, or color, we all need to share in this wonderful world of agriculture,” Scott said. One issue that Scott and Loudermilk were in full agreement on is securing the future of Dobbins Air Reserve Base. Scott called Dobbins and Lockheed Martin “centerpieces of our national defense system,” and pledged to advocate for veterans and service members throughout Cobb. Loudermilk echoed that sentiment, adding, “It’s all about the mission. If we want to keep Dobbins off the BRAC (Base Realignment and Closure) list, it’s about making the mission viable.” READ MORE |