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Showing posts with the label stimulus

Money is for Nothing and Your Checks for Free!

The uncertain intent of coronavirus relief. Did it target the wrong objective? Photo by  David Schultz  on  Unsplash Update: After being told that working with independent contractors does not qualify for the Small Business relief loans, I did my own research and found different information on National Law Review- but I don't have time to rewrite this blog post now: To determine a small business’s eligibility, the CARES Act would require lenders to determine: (1) whether a business was operational on February 15, 2020, and (2) whether the business had employees for whom it paid salaries and payroll taxes, or paid independent contractors, and (3) whether the business has been substantially impacted by COVID-19. The legislation would also delegate more authority to lenders on eligibility determinations without requiring them to go through all of the usual SBA channels.  National Law Review In my last post, Economic Complexity Theory in the Time of Coronavirus , I observed