Ease business loan paybacks
With the phased reopening of Texas, small businesses in McAllen and across the state are facing a pivotal moment. The decision to reopen — and consideration of how to do it safely — is allconsuming for small business owners, many of whom are fighting for financial survival.
As they face these day-today decisions, there is another challenge looming for many of them in the form of forgiveness of Paycheck Protection Program loans they received to keep them afloat the last several months.
To date, more than 4.4 million small businesses nationwide are able to keep their doors open thanks to loans received under the Small Business Administration’s PPP. Here in our great state, this includes more than 350,000 small businesses. Loans made to Texas businesses averaged just over $114,000, indicating they did reach the smallest of businesses, as was intended by Congress.
I have talked to many of our state’s financial institutions that made loans as small as $300 to $1,000. The idea that these businesses would have their lives consumed by PPP forgiveness calculations is simply unacceptable. The Independent Bankers Association of Texas is advocating that all borrowers with loans less than $350,000 have access to a highly simplified loan forgiveness process granted by Congress.
As a nation, we decided to save the lives of small businesses and the financial well-being of their employees through the PPP. If we now bury them under a mountain of red tape, our efforts (and federal expenditures) will have been for naught.
President and CEO The Independent Bankers Association of Texas Austin
Reality, no show
The elections are not a show. They are real. Please, let’s tell Donald: “You’re fired!”
Is military righteous?
When is it righteous to call upon the military of the United States?
There is a hymn called the Battle Hymn of the Republic. (Many of us hear it when we think of Abraham Lincoln.) In its third verse, it says, “As Christ died to make men Holy; let us Live to set them free; His truth goes marching on.”
The core of our national spirit is to guarantee equal justice under the law to all. We haven’t always done so. In fact, we’ve often failed. The murder of George Floyd is only the latest illustration of that fact.
What truly makes America great is that still, small voice in all of our hearts that calls on us to advance justice and freedom, no matter how long it may take to realize our ideals.
There is no excuse for speaking of military domination over American streets as a means to law and order. Nor is there cause to authorize the use of riot tactics against peaceful protestors. Helicopters have no place hovering ominously over our streets.
That is neither our law, nor our order. It is something else entirely. Something we have fought against time and again throughout our storied history, from Bunker Hill to Normandy.
It is time for all Americans to forget their political loyalties. There is no country called Republican. There is no nation called Democrat. None of us have pledged our allegiance to the flag of conservatism or liberalism. We are all Americans. What does that entail, if not to stand up to our leaders when they tell us that we are not as free as our founding documents suggest?
Between now and November, America will choose once again: Will we preserve the promise of our Revolution, or is it at long last over and done with?