Off-Topic: So they're gonna send us cash, eh?
(St. George Specific)
0 messages
Updated
Lakes Online Forum
84,091 messages
Updated 11/8/2024 10:28:12 AM
Lakes Online Forum
5,204 messages
Updated 9/14/2024 10:10:50 AM
(St. George Specific)
0 messages
Updated
Lakes Online Forum
4,172 messages
Updated 9/9/2024 5:04:44 PM
Lakes Online Forum
4,262 messages
Updated 11/6/2024 6:43:09 PM
Lakes Online Forum
2,979 messages
Updated 6/26/2024 5:03:03 AM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
MartiniMan
-
|
Subject:
|
So they're gonna send us cash, eh?
|
Date:
|
3/17/2020 4:38:46 PM
|
|
I really, really hope they means test this move and only help out people that actually need it. While the panic has had some impact on my business none of my employees have missed a paycheck and we simply do not need the cash. It should be targeted to people that have lost income and not just giving everyone a check. That will be where it can really help because if they send it to me I'm just going to donate it to charity but a lot of people are going to put it in the bank and it won't stimulate the economy. Send it to people who need it and they will spend it and it will help.
Having said all that, it isn't going to help those businesses that are shuttered or severely impacted (airlines, hotels, etc.) so I hope they will also do something to help them. I also appreciate the extension of time to pay our estimated taxes. That will leave a quarter of a million in our line of credit availability for an additional 3 months which will be very helpful. Pushing out that cash right now could force layoffs if our business slows down.
|
|