Sen. Ted Cruz talks reopening the Texas economy with local business owners
VICTORIA, Texas — Reopening the economy in Texas is currently a top concern for local and state leaders alike. On Wednesday, Senator Ted Cruz joined a town hall meeting to answer local small business owners’ questions for how the state plans on getting that done.
The ‘Paycheck Protection Program’ referred to as the PPP, is once again providing some hope for local businesses trying to stay afloat through the COVID 19 pandemic.
“I voted yes, and Bernie Sanders voted yes, that gives you a sense of the breath of support ideologically for this,” Senator Cruz said when asked about the support for both the CARES Act and added funding to the PPP.
As of Tuesday, the senate voted to pass nearly 500 billion more dollars in allocated funds in response to the pandemic.
Those funds will be distributed as follows:
- $320 billion will replenish the Paycheck Protection Program (PPP)
- $60 billion will be allocated to the ‘Small Business Administration’s Disaster Relief Fund’
- $75 billion will aid hospitals
- $25 billion towards coronavirus testing
“Congress made the decision to sacrifice precision in the interest of speed, [meaning] the relief available in three months, was much less valuable than relief [available] tomorrow,” added Sen. Cruz.
Senator Cruz highlighted the need to reopen the Texas economy, adding that too many livelihoods are at stake to do otherwise.
“We need to weigh lives on both sides of the ledger, we need to weigh lives on the public health side of the ledger and stopping the virus, but at the same time we need to take fully into account the lives that are being destroyed on the economic side of the ledger,” said Cruz.
Across the state, leaders are vocal in putting Texans back to work. Some fear, however, it may be too soon and an early reopening could lead to a second wave of infections. Our local leaders in Victoria plan to roll out reopening phases as early as May 4th.
To learn more about how COVID-19 is impacting our local community view these resources below: