Small Business and Economy
Unleashing economic growth begins with reducing taxes and reining in government regulations that make it more difficult for Americans to start businesses, compete globally and grow jobs here at home. We must continue to build on the success of the historic tax reform legislation and deregulation to help American families, businesses and entrepreneurs achieve their dreams. As a member of the House Committee on Small Business, Congressman Comer is dedicated to advancing policies and enacting reforms to support small businesses in Kentucky and across the nation.
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WASHINGTON, D.C. – As the U.S. economy continues to face a tremendous amount of uncertainty months into the COVID-19 pandemic, Congressman James Comer has filed two pieces of legislation which would knock down regulatory barriers to a recovery.
In many cases, burdensome federal regulations have created a strong barrier to responding to the COVID-19 emergency. Moving forward, many of these regulations will only serve to threaten the U.S. economy’s recovery and getting people back to work.
Roughly 80% of recipients of expanded federal unemployment insurance would get more money from the benefits than they could expect to earn from a job if the emergency program is extended another six months, Congress’ official budget scorekeeper said Thursday.
In the second half of 2020, the U.S. economy would probably do better but employment would be lower if the benefits were to be extended through January, the Congressional Budget Office also found.
When Congress increased unemployment benefits at the height of the Covid-19 pandemic, it was an emergency step to shore up the finances of people whose income had evaporated overnight. Record job loss demanded action to replace wages workers lost through no fault of their own. But now unintended consequences of supplemental unemployment payments are stifling economic recovery.
WASHINGTON, DC. – Congressman James Comer recently led a letter to House and Senate leadership outlining concerns with proposals to extend the $600 supplemental unemployment insurance (UI) provided in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. 62 of his congressional colleagues signed onto this letter which was sent to House and Senate leadership today.
While Congress has rightfully provided relief for families and businesses affected by a government-induced economic shutdown, now is the time to focus on reopening the economy and getting back to a normal way of life. Our nation has been crippled by this economic downturn; it’s time get serious about reversing the damage set in motion by the COVID-19 pandemic.
First District Congressman James Comer spoke on the floor of the House of Representatives Friday in opposition of House Speaker Nancy Pelosi’s $3 trillion coronavirus stimulus package. The Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act includes another round of direct payments of $1,200, expands unemployment assistance, emergency grants for small businesses, and money for state and local governments.
Congressman Comer says Pelosi’s $3 trillion spending measure is “radical” and much of the measure has nothing to do with COVID-19.
WASHINGTON, D.C. – Congressman James Comer has announced plans to host a second COVID-19 Telephone Town Hall on Thursday, April 16 to update constituents on federal efforts to respond to the coronavirus. He will be joined at the beginning of the call by Kentucky Attorney General Daniel Cameron, who will speak on efforts to combat scams posing as COVID-19 charity and relief efforts.
Small businesses and their employees are the lifeblood of the American economy. Through no fault of their own, many have been forced to shut their doors and lay off employees due to the coronavirus. That is why it was essential for the federal government to provide emergency relief to help small businesses survive these challenging times. The CARES Act creates federally-guaranteed, forgiveable loans for 8 weeks of assistance to small businesses and 501 (c) (3) nonprofits. Sole-proprietors, independent contractors, and other self-employed individuals are also eligible.
WASHINGTON, D.C. – Congressman James Comer (KY-1) spoke this morning on the floor of the House of Representatives to express his support for the stimulus package under discussion. He noted that while not perfect, the bill helps Americans affected by the coronavirus by putting money into the pockets of workers and families and supporting small businesses. You can watch the speech HERE.
Congressman James Comer advocated before the U.S. House Committee of Transportation and Infrastructure on Friday to get more federal investment toward rehabilitating Kentucky’s waterways infrastructure and toward eradicating Asian Carp.
Comer told the committee the Purchase Region serves as a major hub for transporting commodities across America. Comer said Paducah is a strategic location at the confluence of the Ohio and Tennessee rivers for Kentucky's river industry.