Small Businesses Object to Rerouting of Covid-19 Aid – The Wall Street Journal

Small-business owners are bristling over a congressional proposal that would redirect unspent money from Covid-19 programs to provide $10 billion for the federal governments pandemic health response, including vaccines and therapeutics.

At issue is about $5 billion that Congress allocated for three small-business aid programs but which hasnt yet been spent. Some lawmakers want to repurpose those existing funds for healthcare, rather than allocate new money, because they are increasingly focused on reining in the federal deficit and spending amid a surge in inflation, which is at a 40-year high.

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Small Businesses Object to Rerouting of Covid-19 Aid - The Wall Street Journal