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It certainly wasn't sold to the public as "these are going to be forgiven". After all they are called loans not grants. And given all the retoric around "it's s

It certainly wasn't sold to the public as "these are going to be forgiven". After all they are called loans not grants. And given all the retoric around "it's simple you took out a loan, now you pay it back" or "why should my tax dollars pay for your loan forgiveness" I think it's very fair to why this logic applies to people not businesses.

monocularvision 1y ago
It was literally in the bill when it passed! What are you talking about? I very distinctly remember this being promoted as part of the package. The deal was “if a business spends a percentage this money on payroll, it will be forgive”. It was designed to keep businesses afloat for a set amount of time as we locked down for COVID.
Aloisius 1y ago
It's in all the news articles from the time. The loans were forgivable if they used them for payroll and didn't fire anyone for a certain period. https://www.npr.org/2020/03/26/821457551/whats-inside-the-senate-s-2-trillion-coronavirus-aid-package https://www.npr.org/2020/03/26/821457551/whats-inside-the-se... https://www.nytimes.com/2020/03/26/business/coronavirus-stimulus-small-business.html https://www.nytimes.com/2020/03/26/business/coronavirus-stim... https://abcnews.go.com/Politics/small-businesses-face-nightmare-cash-crunch-coronavirus-pandemic/story?id=69779601 https://abcnews.go.com/Politics/small-businesses-face-nightm...
9283409232 1y ago
They were sold to the public as "if you don't fire people during the pandemic, they will be forgiven"