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A Predictable Problem

| Posted in Blog

If someone had been earning up to $48,000 annually, but is now receiving unemployment benefits during this pandemic, that individual is currently pulling in MORE money on unemployment than he or she did while working. $48K is the approximate threshold here in South Carolina. (Individual cases vary, obviously.) So why is this happening? Why are roughly half of those on unemployment now earning more... Read more »

Safely Reopening America

| Posted in Blog

Here’s the debate: (A) Should we be taking measured, reasonable steps to re-open America and get people safely back to work, knowing this path must be monitored very closely and isn’t without some risk? Or (B) should we extend efforts to keep Americans at home and “non-essential” businesses closed, knowing the financial damage this will cause to American families and our economy? The truth is the ... Read more »

A Conversation with Lt. Governor Pamela Evette

| Posted in Blog

Lt. Governor Pamela Evette is such an incredible asset for South Carolina. It was a pleasure to speak with her by video conference on May 12th. She had excellent insight into topics like: South Carolina’s plan for a safe, reasonable, phased re-opening Our state’s resources and PPE supplies Coordination with North Carolina (since several counties in the 5th district border NC) The importance of our... Read more »

When someone proposes an 1,800 page bill...

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When someone proposes a 1,800-page bill that 1️⃣ was negotiated in secret 2️⃣ will cost more than $3 trillion dollars, before we even understand the impact of earlier expenditures 3️⃣ has more than 70 appropriations in excess of a billion dollars each 4️⃣ contains countless partisan measures that are completely unrelated to the bill’s stated purpose 5️⃣ has no chance of ever becoming law… ...in Co... Read more »

A False Dichotomy

| Posted in Blog

Senator Tim Scott (R-SC) said it perfectly yesterday: “We are too often presented with a false dichotomy: either saving our economy or saving lives.” He was talking with Dr. Anthony Fauci during a Senate hearing, and what Sen. Scott said was exactly right. Those who believe preventative measures should never have been taken are ignoring the immeasurable toll that would have had on human lives and ... Read more »

Don't Be Surprised

| Posted in Blog

This Friday afternoon, top-ranking liberals in the House of Representatives are trying to finalize a 5th piece of COVID-19 legislation. They’ve nicknamed it “CARES 2” to coattail on the popularity of the original CARES Act, which passed overwhelmingly in late March. This is unfortunately not the bi-partisan effort it should be. Negotiations are taking place behind the scenes and most of what we’re... Read more »

The Truth About "Unrestricted Aid"

| Posted in Blog

“Unrestricted aid” – remember this phrase, because it’s going to be a major point of contention in the coming weeks. As Congress looks into a possible 5th piece of legislation in response to this pandemic, there’s now a growing push for the federal government to send over half a TRILLION dollars in unrestricted aid to states and local governments. By “unrestricted” I mean no conditions on how that... Read more »

Paycheck Protection Program Once Again Open

| Posted in Blog

ATTENTION Small Business Owners: The loan pipeline for the Paycheck Protection Program ("PPP") began flowing again this morning (Monday), following last week's vote in Congress for a second round of funding. That's the good news, but I'm not going to sugarcoat this. *** The bad news is these additional funds WILL RUN OUT very soon. If you're a small business owner who has both (A) consulted with y... Read more »

Replenishing to Paycheck Protection Program

| Posted in Blog

Tonight, I’ll be traveling up to D.C. for an important vote taking place tomorrow. This is for a bill that’ll add additional funds to the new Paycheck Protection Program. I’ll be voting “Yes.” During the COVID-19 pandemic, this program has been a critical lifeline not just to small businesses, but countless families who rely on them for jobs. The initial round of funding, which I voted for last mo... Read more »

Update on the Paycheck Protection Program

| Posted in Blog

UPDATE on the new Paycheck Protection Program (“PPP”). This is long-winded, but if you’re a small business owner, independent contractor, sole proprietor or self-employed, this post has some important information for you. Over the last couple of weeks, the SBA and many lenders have been working hard to implement this program, and small businesses across the nation have been scrambling to apply. He... Read more »

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