Three quick housekeeping items related to the South Carolina DMV and COVID-19...
If you have a driver's license, ID card, placard for disabled parking, or vehicle registration that has or will expire between March 1st and June 30th of this year, the SC DMV is treating all of those as valid through July 1st. The DMV has made law enforcement agencies in South Carolina aware of this… Read more »
Before the ink had even dried on the recent coronavirus stimulus legislation, the Kennedy Center in Washington, D.C., which received $25 million in emergency funding as part of that bill, turned around and announced layoffs.
Obviously we can (and should) debate whether your tax dollars should be used to fund the Kennedy Center when we're $23 trillion... no, wait... now $24+ trillion in… Read more »
We had over 500 telephone lines maxed out this morning with small business owners. Plus simulcasts on Facebook live, WRHI FM 100.7, and Comporium channels 103 and 1103.
With that kind of participation, I realize time did not permit everyone's questions. We are working through voice mails and emails as rapidly as possible. If you're a small business owner with a problem or unanswered… Read more »
Friends, I continue to hear reports of scammers trying to take advantage of the COVID-19 pandemic. This includes bogus charities, claims of vaccinations or home testing kits for sale, and people claiming to be from the IRS calling to ask for personal information to process your stimulus payment.
*** It appears as though many of these scams are directly targeting our older… Read more »
UPDATE for small business owners, independent contractors, sole proprietors, and the self-employed:
We've all been eagerly awaiting the Interim Final Rules from the SBA on the new Paycheck Protection Program. (See this page for an overview of this program.)
*** Just a little while ago, the SBA released that document, which can be found through the link below.
The window to apply for… Read more »
Some good news for those on Social Security regarding the $1,200 direct payment that most Americans will soon receive from last week's COVID-19 stimulus package.
I've heard from many seniors on Social Security who were concerned because the IRS will be using 2019 tax returns to determine eligibility and process these payments. (Or 2018 returns for those who haven't yet filed 2019.) The… Read more »
Here’s an important update on the coronavirus stimulus package, which is known as the “CARES Act.” This is the third major piece of legislation from Congress dealing with COVID-19.
Yesterday, the CARES Act unanimously passed the Senate. Tomorrow (Friday), the House of Representatives is expected to vote on it.
After digging through the details of this legislation, I am supporting its… Read more »
By mid-December, doctors in Wuhan, China knew some type of virus was spreading quickly. By late-December, “spreading quickly” became “spreading exponentially.” With a population of 11 million and more than 175,000 people traveling in & out of Wuhan daily, Chinese health scientists knew this would soon be a worldwide crisis.
Yet on January 1st the Chinese government ordered those… Read more »
GOOD NEWS from the Senate overnight on a third piece of legislation to address the economic fallout from the coronavirus. But NEVER FORGET how this all played out…
As of 5 AM this morning, numerous reports indicate there are “no substantive changes” from the deal that was being wrapped up Sunday night, right before Nancy Pelosi waltzed in from California and insisted on a laundry list of… Read more »
Because lives and public health are at stake during this unexpected crisis, the federal government will need to spend well over $1 trillion in response to COVID-19. That's on top of our $23 trillion debt, which grows by more than $100 million every hour, day and night.
Let's be clear: we HAVE to do what needs to be done, and our nation WILL get back on its feet again. But we are on a… Read more »
