What the federal relief plan means for you: | Perry Gershon for Congress
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What the federal relief plan means for you:

There was some good news out of Washington, DC this past week. In an unusual show of bipartisanship, both the Senate and the House of Representatives, as well as the President, agreed to a massive $2 trillion response and rescue package to help our nation survive the global coronavirus pandemic. This bill will help people, small businesses, and response efforts to the epidemic.

The best features of the bill include:

Does this relief package actually provide "relief"? For small businesses? Yes. For some Americans? Yes. For individual New Yorkers? Not enough of them. Our region in particular is being hit hardest by this health crisis and the bill could have been better tailored to meet New York's needs. Given our costs of living, direct payments should have covered individuals who make up to $150,000, not cutoff at $90,000. I applaud our leaders, especially Senator Chuck Schumer, for pushing for as much as they could get without jeopardizing the entire bill. I understand the urgency of the moment required some compromise, and passage of this bill was too important to hold it up.

There is much in the stimulus package that will help Long Islanders, especially those who own small businesses. However, again and again, some in Washington, DC show they have no clue about the real lives of those of us who live in downstate NY. Making $90,000 a year on Long Island is not at all what making $90,000 in other parts of the country is. At the risk of sounding ungrateful for this historic stimulus package, and I am not ungrateful, this is one part of the bill that is wholly unfair to New Yorkers.

Certain other provisions in the bill are outright offensive and indefensible – this was not the time, or the legislation, for tax cuts for real estate investors, such as increasing the ability to write off losses for those with over $500,00 annual capital gains. Why was this provision included in this bill? Why do the folks most able to cope with the crisis need relief at all? And why are we giving relief to companies that used their gains from the last tax cut to repurchase their stock instead of investing in the economy – companies like Booking.com, Marriott and United? Why do these companies deserve the same protections as the people who work hard to put food on the table?

I will continue to speak up as we go through this unprecedented crisis, pointing out the good, and the bad. Transparency and debate are critical at all times. Stay tuned.

Stay strong. Stay home. And be well.


P.S. Remember: For every donation for the rest of March made to Perry Gershon for Congress using one of our email links, I'll match it with a personal donation to our Long Island food banks. If you're able, please pitch in and let's make a difference together:

Posted on March 29, 2020.

For 25 years, I have been a common-sense businessman — not a career politician — so I look at things differently. I know about fixing dysfunction. It starts with hard work, a commitment to results, and perseverance — not scoring cheap political points. We can work together to provide opportunity and create an economy that works for all of us.

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