It also would provide $300 billion in loans in to businesses with fewer than 500 employees, aimed at helping them survive the downturn and available through lenders certified by the Small Business Administration, with the maximum loan amount of $10 million. It also has the big bailouts to industry: “Up to $50 billion for passenger air carriers; Up to $8 billion for cargo air carriers; and Up to $150 billion for other eligible entities.”
Democratic leadership is less than impressed, with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer issuing a joint statement saying “any economic stimulus proposal must include new, strong and strict provisions that prioritize and protect workers, such as banning the recipient companies from buying back stock, rewarding executives, and laying off workers.” They want a plan that “puts ‘Workers First,'” that would “help workers and small businesses first by greatly increasing unemployment insurance and Medicaid, making massive investments to help small businesses survive, expanding paid sick and family leave, and putting money directly into the hands of those who need it most.”
“The number one priority is addressing this health crisis,” Schumer and Pelosi continue, “which requires a Marshall Plan to rebuild our health care infrastructure on a continental scale and ensure the resources are there to test and treat everyone who needs it.”
Source: http://feeds.dailykosmedia.com/~r/dailykosofficial/~3/eZxd0cUdfo8/-McConnell-floats-first-unhelpful-trial-balloon-for-next-phase-in-coronavirus-response