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“Already today more than $800 million has gone to small businesses…

“[With the CARES Act] $350 billion dollars goes to small businesses, which is defined by 500 employees or fewer… businesses [that] have been shut down because government has asked [them] to close to protect ourselves from this virus. So we provide you a guaranteed loan [that] the SBA backs [up]…

“If you take this money in this loan and you pay your rent, your utilities, and you pay your employees that portion of it is forgiven — it’s no longer a loan, that part is a grant… to keep small businesses up and running to get through the next two months; get past this virus and [make sure] our economy comes back strong…

“[Additionally] one hundred and forty billion [will go] to our hospitals. We want to make sure we defeat this virus. We didn’t ask for it, we didn’t invite it, but it is here and we’re going to [win this] fight…

“We then go into a section that we provide directly to individuals. They will get a check of $1,200 per person if you’re making $75,000 or less… so you’ll get a directly from government to keep you moving…

“If you are unemployed we do unemployment insurance… we extended it another 13 weeks. Federal government also added another $600 per week above what the state pays you because we want people to be paying their rent [and] paying their mortgages…

“[For Small Businesses] we [have] something that’s called a Retention Tax Credit where the government could actually be paying up to 50 percent of your employees for the next two months…

“Let’s make sure that [the CARES Act] is implemented correctly, and then let’s take whatever data we need to to deal with the problem and solve it.

“We were sitting in the strongest economy we’ve ever had before [the coronavirus]. There is a liquidity problem for people, there is a healthcare problem for people, let’s target those to get through this and come back stronger and better prepared for this if this could ever rise again in any other form.”