Senate Democrats propose bill to cover salaries up to $90k and other costs for qualified businesses
A group of Senate Democrats is advocating for passage of a proposal that would provide qualifying companies with taxpayer-funded grants for salaries up to $90,000 and other expenses.
Sens. Mark Warner, Doug Jones, and Richard Blumenthal promoted the plan, titled the Paycheck Security Act, during a conference call with reporters on Friday. Also in the group is Vermont Sen. Bernie Sanders, an Independent.
“All employers who have suffered a month-over-month drop in revenues of at least 20 percent will be eligible to receive grants covering a portion of payroll and benefits for at least the next six months,” reads a draft of the proposed legislation.