The American Rescue Plan Passes Final Political Steps

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The American Rescue Plan Passes Final Political Steps
<a href="https://pixabay.com/users/mohamed_hassan/">mohamed_hassan</a> / Pixabay

As American Rescue Plan passes final political steps, small businesses are relieved and preparing for long road ahead

Q4 2020 hedge fund letters, conferences and more

On the House reconciliation of the American Rescue Plan today and final bill headed to President Biden’s desk, Main Street Alliance Government Affairs Director Didier Trinh had this to say:

Khrom Capital killed it during the first quarter, continuing its strong track record; here are their favorite stocks

Khrom Capital was up 32.5% gross and 24.5% net for the first quarter, outperforming the Russell 2000's 21.2% gain and the S&P 500's 6.2% increase. The fund has an annualized return of 21.6% gross and 16.5% net since inception. The total gross return since inception is 1,194%. Q1 2021 hedge fund letters, conferences and more Read More


The American Rescue Plan To Provide Relief For The Main Streets

“The American Rescue Plan will provide bold and critical relief to our nation’s Main Streets, both for small businesses and their customers and communities. We urge President Biden to sign and implement this as quickly as possible.

There are many pieces of this critical, comprehensive plan centered on public health and economic recovery that are particularly important to small businesses.

Targeted small business grant support, particularly for restaurants, cannot come soon enough, and investment in the new technical assistance Community Navigator program and Small Business Opportunity Fund will be critical to ensuring equity and access. Investment in programs that will not only directly support public health, but will also provide the financial runway to support communities through this crisis is key.

The Needs Of The Working Families

An initial cash infusion with additional stimulus, as well as an extension and expansion of unemployment, health care (ACA) subsidies and rent support is what working families urgently need. Small business owners, employees, customers and clients can finally plan through the drastic financial decisions we have had to make over the past year. Stabilization funds for child care centers will help the child care industry in crisis, as well as the millions of small business employees reliant on quality, affordable care.

The plan expands and extends tax credits to support small businesses to provide paid leave, a critical piece of small business COVID relief, but it is no substitute for a permanent, comprehensive, sustainable paid leave program. We must also begin work on legislation to support our long term economic recovery, including comprehensive paid leave so that we never get caught in a crisis like this again.

We must now begin the work to get us beyond triage into rebuilding a more resilient and sustainable economy. It is time to invest in setting up our communities to thrive again.”


About the Main Street Alliance

Main Street Alliance is a national network of small business coalitions working to build a new voice for small businesses on important public policy issues. Alliance small business owners share a vision of public policies that work for business owners, our employees, and the communities we serve.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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