More than 100,000 businesses have closed during the pandemic but they only got 1 mention during the first debate. Here's an outline of both candidates' plans to support entrepreneurs.
to make sure businesses open safely. His platform includes guaranteed federal funding for worker access to testing and PPE and paid sick leave for workers infected with Covid-19 or who need to care for infected family members.
His platform also requires employers to protect high-risk workers from job loss; creates a voluntary "Safer for Shoppers" program that would certify a business is following all possible precautions for reducing transmission; provides grants to small businesses to cover the costs of PPE and other supplies needed to safely reopen; and supports work-sharing for both small and large businesses to bring back all of their workers.
Biden also proposes to regulate worker health and safety through the Occupational Safety and Health Administration to ensure companies are following guidelines, and fine those that aren't. Biden's plan for a new round of PPP will prioritize small and local businesses over large companies by reserving at least half of all new funds for firms with 50 employees or less, expediting the loan application process.
Biden also proposes to extend payroll forgiveness, provide small businesses with a "restart package" for retaining and rehiring workers, and ensure every qualifying small business receives the funds it needs by not capping the total funding amount., the more money you make from your business, the more taxes you will pay according to Biden's plans.
In his webinar, Kohler laid out Biden's plans to increase taxes for the wealthy and reduce rates for lower income earners and get rid of a bulk of Trump's 2017 $2 trillion tax cut. His plan also targets rolling back tax breaks, exemptions, and loopholes for real estate investors, property owners, and landlords.
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