Posts in Jobs & Economy
22News ‘COVID-19 Virtual Town Hall’ with Massachusetts Business and Community Leaders

WWLP

“As Massachusetts launches Phase One of reopening the state, there are plenty of questions about what to expect. To answer some of those questions, 22News is bringing together members of Massachusetts’ delegation to the U.S. House of Representatives, community and business leaders for “COVID-19 Virtual Town Hall”... Congressman Richard Neal told 22News that the Heroes Act bill includes another round of stimulus payments that is needed now more than ever.”

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House passes Heroes Act, next step is passage by Senate

The Reminder

“Congressman Richard Neal, the chair of the House Ways & Means Committee, said that Senate Majority Leader Mitch McConnell has called the new relief legislation a “non-starter.” Neal explained though at a press conference on May 13 that McConnell had said similar things before other legislation designed to help citizens and businesses survive through the pandemic… In a written statement, Neal said, “The Heroes Act is another step forward on our road to recovery from the devastating effects of this virus. It is a necessary investment in the American economy and in science-based strategies to fight the pandemic.”

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House to vote on $3 trillion coronavirus stimulus HEROES Act on Friday

MassLive

“‘People across our nation are hurting, and Congress must take extraordinary, immediate action to provide them with relief,’ Rep. Richard E. Neal said earlier this week. ‘Families are feeling the pain of a terrible one-two punch – a national public health emergency coupled with a historic economic downturn. The gravity of our new reality demands substantial solutions, and that’s what Ways and Means Democrats offer in this latest response package.’”

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Neal calls to invest now to 'stem tide of disease'

Berkshire Eagle

“In times of depression and war. And in a pandemic... That's when government must dig deep to help citizens, the Berkshires' representative in Congress said Wednesday. For that reason, the crisis brought on by the coronavirus will again persuade lawmakers to overcome partisan division, U.S. Rep. Richard E. Neal told reporters outside his office at the U.S. District Court in Springfield…”

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Rep. Richard Neal calls for action on $3 trillion coronavirus relief bill

MassLive

“U.S. Rep. Richard Neal said Wednesday he is confident that the new $3 trillion coronavirus relief bill that he and his House Democratic colleagues unveiled a day earlier will soon get money flowing to states and to cities and towns grappling with the enormous expenses and revenue shortfalls of COVID-19. ‘We are moving to stabilization and recovery,’ Neal said of the legislation, about two-thirds of it falling under the purview of the House Ways and Means Committee he chairs in Washington.”

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U.S. Rep. Richard Neal predicts next stimulus bill in a few days

MassLive

“U.S. Rep. Richard Neal, chairman of the House Ways and Means Committee, said work on another round of federal stimulus for the coronavirus-ravaged economy will be public in ‘a few days’. It will have money for hospitals, Neal said, as well as money for state and local governments struggling with revenue losses and increased expenses from the coronavirus crisis. It’s possible there will be more payments to individuals as well.”

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Congressional Leaders Tell Treasury That PPP Borrowers Should Be Entitled To Deductions

Forbes

“The IRS ruled that a Paycheck Protection Program (PPP) borrower who spends PPP funds on normal business expenses cannot deduct those expenditures for federal tax purposes. But its position, which left many in Congress wondering if the IRS missed the 335-page memo, may not be the last word. Today, a bipartisan group of congressional leaders formally alerted the Treasury Department that they “believe the position taken in the [IRS] Notice ignores the overarching intent of the PPP, as well as the specific intent of Congress to allow deductions in the case of PPP loan recipients.” In other words, they believe the IRS got it dead wrong.

The group of congressional members is headed by Chuck Grassley and Richard Neal, the chairmen of the top tax committees in the Senate and the House, respectively.”

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U.S. Should Drop Tariffs on Pandemic-Related Goods for 90 Days: Key Lawmaker

New York Times

“The U.S. government should suspend all tariffs on products needed to combat the coronavirus pandemic for 90 days and take steps to boost domestic production of medical supplies and drugs, a key U.S. lawmaker said on Monday. House Ways and Means Committee Chairman Richard Neal called the pandemic a "wake up call" that revealed serious deficiencies in U.S. medical supply chains, urging a major restructuring to improve readiness for future crises.”

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Rep. Neal pressing ahead with Phase Four relief package

MetroWest Daily News

“The White House may be trying to pump the brakes on the next round of economic relief being discussed in Congress, but U.S. Rep. Richard Neal said Monday that it’s full steam ahead for House Democrats, who want to provide more aid to state and local governments, as well as hospitals, families and the unemployed. ‘We’re writing it now,’ Neal told the News Service in a phone interview from Springfield on Monday afternoon.”

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US Rep. Richard Neal touts Paycheck Protection Program in Holyoke as businesses struggle to survive coronavirus

MassLive

“Kevin and Jennifer Chateauneuf can’t let folks eat at the dining stools at Nick’s Nest, the 99-year-old hot dog stand on Northampton Street they’ve owned for 15 years. And everyone — even U.S. Rep. Richard E. Neal, D-Springfield, who visited Thursday to talk about the federal Paycheck Protection Program — has to wear a mask when they come in to order… The Chateauneufs hosted Neal, chairman of the House Ways and Means Committee, along with two other loan recipients, Peter Rosskothen, owner of the Log Cabin banquet facility, and Michael Zaskey, owner of Zasco Productions in Chicopee, and others. ‘I can’t imagine Holyoke without Nick’s Nest and without the Log Cabin,’ Neal said Thursday.”

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Neal, McGovern lead debates on new $484B aid package, oversight committee

Daily Hampshire Gazette

“Two of the region’s powerful politicians played pivotal roles on a pair of COVID-19 measures — a $484 billion aid package and the creation of a subcommittee to oversee coronavirus spending — approved by the U.S. House of Representatives on Thursday. U.S Rep Richard Neal, D-Springfield, led House debate on the aid package that will see $321 billion shore up the empty “Paycheck Protection Program” meant for small businesses, $75 billion in emergency aid for hospitals, $60 billion in economic disaster loans for small businesses and $25 billion for coronavirus testing.”

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Coronavirus Recovery: US Rep. Richard Neal hails aid for hospitals, calls for money to state and local governments in next stimulus bill

MassLive

“U.S. Rep. Richard E. Neal said Tuesday he expects to go back to Washington later this week and vote on a new $484 billion coronavirus relief bill, legislation he said he spent the weekend hashing out with the Trump administration while working in concert with House Speaker Nancy Pelosi and others.”

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Paycheck Protection Program set to help small businesses stay open

Western Mass News

“The Paycheck Protection Program was set up to help small businesses stay open during the coronavirus pandemic, but within two weeks that money was drained. Now efforts are underway in Congress to replenish the funds. Western Mass News spoke with Congressman Richard Neal today - who said this new package, under discussion in Washington, will not only help small businesses but also hospitals and expand coronavirus testing.”

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Rep. Richard Neal says agreement is imminent on 4th coronavirus relief package

WCVB Boston (ABC)

“Rep. Richard Neal said an agreement between the House of Representatives and the Senate on the next coronavirus relief package is "imminent.” The veteran Massachusetts congressman spoke about the talks surrounding the fourth COVID-19 relief bill during a live appearance on WCVB's "On the Record" Sunday, which he made remotely from outside his Springfield home.”

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Rep. Neal Discusses $2T Stimulus

New England Public Radio

“The package of legislation cleared the Senate by unanimous vote and nearly unanimous in the House of Representatives. On Saturday, House Ways and Means Chair Richard Neal, who represents Massachusetts’ 1st Congressional District, spoke to the press, outlining the provisions in the bill.”

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U.S. Rep. Richard Neal stresses need for stability in face of ‘economic contagion’

MassLive

“U.S. Rep. Richard Neal, D-Mass., one of the authors of the $2.2 trillion coronavirus stimulus package passed and signed into law Friday, doesn’t like thinking of it as a stimulus bill. Instead, the Springfield Democrat described it during an interview with reporters Saturday as a relief and stabilization bill — a confidence boost in the face of what he now thinks of as an ‘economic contagion.’”

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Coronavirus: Massachusetts congressional delegation calls for economic relief loans for state’s small businesses

MassLive

“Days after Gov. Charlie Baker submitted economic relief loans through the Small Business Administration, the Massachusetts congressional delegation sent a letter to the agency on Wednesday backing his call for emergency assistance as result of the coronavirus… U.S. Sens. Elizabeth Warren and Ed Markey signed the letter, as well as U.S. Representatives Richard Neal, Jim McGovern, Stephen Lynch, Bill Keating, Joseph Kennedy III, Katherine Clark, Seth Moulton, Ayanna Pressley and Lori Trahan.”

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