PPP – We Must Act NOW!

For weeks we have held it together as a nation because we knew that “we were all in this together.” This is now no longer true with the unjust way the Paycheck Protection Program (PPP) was administered. By allocating not nearly enough funding, and giving it on a first-come, first-serve basis rather than a pro-rata basis, the government has systematically created a divisive program whereby taxpayer dollars will fund only some businesses while others will have to shut down.

Those who are able to scrape by without receiving the loan will be at a complete disadvantage in the marketplace as they will either need to significantly downsize or incur debt that cannot be forgiven, while their competitors who have received the loan do not. This will result in the joy of watching those competitors use those taxpayer dollars to hire away their employees that they needed to furlough to survive, and then service their customers that they can now no longer service because they now don’t have enough staff. (That’s not to say anything about those businesses who simply can’t scrape by another day without the loan.) There is no other answer or remedy to this grave injustice other than to immediately fund the PPP program so that all businesses that qualify can receive funding.

We keep hearing over and over how the cure cannot be worse than the disease, but that is exactly what is happening with the inaction of our government at this critical time. We need to all immediately contact Senators Gillibrand and Schumer, as well as our own congressional representative and Congressman Zeldin’s office (who was appointed to the Presidential Task Force), and tell them that we demand more PPP funding immediately. WE MUST ACT NOW!