Give Americans a stimulus check by Christmas or small businesses will have an unhappy new year
This holiday season will likely be different for families and small businesses across the U.S. Not only will family gatherings be smaller than in years past or canceled altogether, but the economic impacts of the COVID-19 recession will mean that for many families, spending on gifts is out of reach. A new Gallup poll found that without an additional stimulus check, Americans plan to spend less money over the holidays.
This means there will be far fewer shoppers and diners at local shops and restaurants at a critical time of year. Its not just gifts that many families wont be able to afford. Almost half of all U.S. households have experienced serious financial trouble due to the coronavirus pandemic, leaving millions struggling to meet basic needs, including food, rent, and utility bills.
With the holiday season being one of the most important times of the year for small businesses, less holiday spending will mean many neighborhood businesses could be forced to permanently shutter. Nationwide, hundreds of thousands of small businesses have already closed their doors for good.
Unless Congress passes additional stimulus relief, more than one-in-three small businesses say they would be forced to close by the end of the year, according to a recent survey by Small Business Majority. The number is even higher for small business owners of color: an astounding 41% of Black- and Latino-owned businesses wont make it through the next few months without additional financial support. As more small businesses close, even more people will be left without income and in urgent need of financial assistance.
https://www.marketwatch.com/story/give-americans-a-stimulus-check-by-christmas-or-small-businesses-will-have-an-unhappy-new-year-2020-12-02?siteid=yhoof2
LizBeth
(9,952 posts)regardless. This is solely on McConnell, not even all Republicans cause some wanted it.
Actually, it would be quite satisfying to see Mitch as the relatively powerless Senate minority leader.
LizBeth
(9,952 posts)even as a minority.
pfitz59
(10,390 posts)and other "deep-pocket" corps. The little fish are all dying...